Printer Friendly

Consumers not complaining about GST, only some traders are: Jaitley.

Summary: Jaitley says consumers are not complaining about GST because the government has kept the rates at reasonable levels


New Delhi: Indian Finance Minister Arun Jaitley on Saturday wondered why certain traders are complaining about GST rates when the ultimate burden of taxation will fall on consumers.

Jaitley said the consumers are not complaining about Goods and Services Tax (GST) because the government has kept the rates at reasonable levels.

"In the country nowhere the consumer is complaining because we have tried to make reasonable the basket of taxation. So why are one or two traders complaining? Traders don't have to pay tax, consumers have to," he said.

The minister further said nobody can claim that one has the fundamental right of not paying taxes. The society has gotten used to the mindset that not paying taxes is not a wrong thing, he said.

"This mindset needs to be changed and a new normal has to be created. If India has to move from developing economy to developed economy then the attitude, mindset of people. it is about time that the mindset also became a mindset of a developed economy," Jaitley said at an event here.

He said many "tough decisions" have been taken by the government which helped restore credibility of the economy.

"For any economic reform, it is essential that direction of the government is right. No half-baked measures can result in reform. Government which blinks is never able to reform," Jaitley said.

[c] Al Nisr Publishing LLC 2017. All rights reserved. Provided by SyndiGate Media Inc. ( ).

COPYRIGHT 2017 SyndiGate Media Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2017 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Gulf News (United Arab Emirates)
Date:Jul 2, 2017
Previous Article:Turnbull says he would quit parliament if no longer prime minister.
Next Article:Is the Fed crying wolf too often.

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters