Previous governments did not implement GST as negotiations did not come from 'clean heart', says Piyush Goyal

Union minister Piyush Goyal said that the previous governments could not successfully implement GST as their negotiations did not come from a clean heart. Goyal further said that the government's decision didn't come with credibility and commitment that is required in any negotiation to be successful.

Asian News International January 18, 2019 09:40:59 IST
Previous governments did not implement GST as negotiations did not come from 'clean heart', says Piyush Goyal
  • Union minister Piyush Goyal said that the previous governments could not successfully implement GST as their negotiations did not come from a clean heart.

  • Goyal further said that the government's decision didn't come with credibility and commitment that is required in any negotiation to be successful.

  • Goyal went on to add that the idea of having a $5-trillion economy is possible in two ways: building up fiscal deficits, and strong leadership.

Mumbai: Union railway minister Piyush Goyal said that the previous governments could not successfully implement the Goods and Services Tax (GST) as their negotiations did not come from a "clean heart."

Previous governments did not implement GST as negotiations did not come from clean heart says Piyush Goyal

File image of Piyush Goyal. PTI

"GST is something which was pending since last 15 years. The first time the concept was thrown open was in 2003. But the earlier governments could not negotiate and successfully implement GST because the negotiation didn't come from a position of strength," Goyal said while addressing a gathering in Mumbai on Thursday.

"It didn't come with credibility and commitment that is required in any negotiation to be successful, and possibly the negotiation didn't come from a clean heart where you have the track record of fulfilling past commitments. Prime Minister Narendra Modi has given that leading edge to India that we had required for a very, very long time," he added.

Goyal went on to add that the idea of having a $5-trillion economy is possible in two ways.

"One can hugely build up fiscal deficits and show growth in short-run, but to sustain in long-run, one will have to have strong leadership in place and ensure sustainability of both economy and environment. One will also have to ensure that we are recognised in the world as an honest country, as a country where business can be done with equal opportunity for everybody," he said.

Updated Date:

also read

Union Cabinet apprised about MoU between India and Italy on disaster management
India

Union Cabinet apprised about MoU between India and Italy on disaster management

NDMA and an Italian government entity for cooperation in the field of disaster risk reduction and management.

I get motivation, inspiration from you all: PM Narendra Modi in his interaction with Paralympians
Sports

I get motivation, inspiration from you all: PM Narendra Modi in his interaction with Paralympians

The PM said the achievements of the para athletes will help develop a sporting culture in the country.

GST Council to meet today: A simple understanding of the tax reform
Business

GST Council to meet today: A simple understanding of the tax reform

Here's a decoder to help you to understand the whats, whys and hows of GST