GST launched: New tax system unifying factor in society and politics, says Suresh Prabhu

Coimbatore: Railway minister Suresh Prabhu on Monday termed the Goods and Services Tax as a great unifying factor, both in societal and political spheres in the country.

File Image of Suresh Prabhu. AFP

File Image of Suresh Prabhu. AFP

The GST was in the public domain for long and brought together all stakeholders like political parties, traders, industries and common people to debate and discuss, before coming into effect, despite some rhetoric by some of them at the implementation stage, Prabhu said.

Interacting with major industrial and trade associations, such as local chapters of CII and Indian Chamber of Commerce and Industry on GST, he said the country's GDP growth to the tune of eight to nine percent was inevitable and the new tax rates would contribute significantly towards this.

The one single change in the law made simple was unthinkable and unimaginable, as the major challenge for the growth of industries and trades was taxes, he said.

Though some (political parties) were criticising GST, their coming together for shaping such a reform was commendable, he said.

Earlier, talking to reporters after attending a function at the local BJP office, Prabhu said there would be more job creation and reduction in corrupt practices.

However, replying to a question on not bringing petroleum products under GST, Prabhu said it has to be decided and answered by the GST Council.


Updated Date: Jul 03, 2017 16:59 PM

Also Watch

Social Media Star: Abhishek Bachchan, Varun Grover reveal how they handle selfies, trolls and broccoli
  • Monday, July 16, 2018 It's a Wrap: Soorma star Diljit Dosanjh and Hockey legend Sandeep Singh in conversation with Parul Sharma
  • Monday, July 16, 2018 Watch: Dalit man in Uttar Pradesh defies decades of prejudice by taking out baraat in Thakur-dominated Nizampur village
  • Monday, July 16, 2018 India's water crisis: After govt apathy, Odisha farmer carves out 3-km canal from hills to tackle scarcity in village
  • Sunday, July 15, 2018 Maurizio Sarri, named as new Chelsea manager, is owner Roman Abramovich's latest gamble in quest for 'perfect football'

Also See