GST Rate Cuts Will Be Presage On Revenue Collection: Arun Jaitley

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Finance minister Arun Jaitley

Finance minister Arun Jaitley on Monday signalled more GST rate cuts and appealed to businesses to pass on the benefit of the recent reductions to consumers.

The Gujarat assembly elections will be held in two phases on December 9 and 14. The votes are counted on December 18th. In this context, GST for over 200 items The central government reduced the tax rate from 28 to 18 percent, causing a burden. In view of the Gujarat assembly election, political parties have blamed the decision taken by the central government.

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Responding to this, Finance Minister Arun Jaitley strongly criticized the GST tax reduction for the election as a boyish. Arun Jaitley said: “The GST tax recruitment practice is a three-four-month training. The renovation procedures will continue. This adjustment will depend on the revenue level in the coming months, “he said