(Video) Rajya Sabha TV (RSTV) The Big Picture: GST Relief

Topic: GST Relief

Guest:

Subhomoy Bhattacharjee, (Consulting Editor, Business Standard)
S. K. Jindal, (Chairman, Investment & Capital Markets, ASSOCHAM)
R. Gopalan, (Former Secretary, Financial Services, Ministry of Finance)
Ajay Dua, Former (Secretary, Ministry of Commerce and Industry)

Topic Description:

Indicating that further simplification of the Goods and Services Tax is on the anvil, Prime Minister Narendra Modi said his government wants to ensure that '99 per cent things' attract sub-18 per cent GST slab. Before implementation of the GST, registered enterprises only numbered 65 lakh, which has now risen by 55 lakh, the PM said addressing a media Summit in Mumbai. PM Modi indicated that the 28 per cent slab of GST would only be restricted to a few select items, such as luxury goods. The Prime Minister said the effort will be to ensure that 99 per cent of all items, including almost all items used by the common man, would be kept at a GST slab of 18 per cent or less. On this edition of the big picture we analyse the implications of further simplifying the GST slabs.