GST MUST FOR DOUBLE DIGIT GROWTH: PHD CHAMBER

GST MUST FOR DOUBLE DIGIT GROWTH: PHD CHAMBER

GST MUST FOR DOUBLE DIGIT GROWTH: PHD CHAMBER

 

No.PR-162
December 16, 2015
New Delhi

 

GST MUST FOR DOUBLE DIGIT GROWTH: PHD CHAMBER
 

President, PHD Chamber of Commerce and Industry, Dr. Mahesh Gupta on Wednesday urged all the political parties to unite for smooth passage of the GST Bill as with its passing, India will move towards double digit growth and fasten its Make-in-India to serve its masses with economic inclusiveness.
 

Participating at an Interactive Session with the Finance Minister Mr. Arun Jaitley with representatives of other industry associations here today, Dr. Gupta said that the industry has been waiting with bated breath for an early implementation of GST which is expected to simplify the tax system and facilitate “Make in India” by making one India. As different European countries can come together to form one Economic European Union then India being a Federal Union can easily bring about GST & a more unified common & national market with no trade barriers.
 

To achieve double digit growth, GST is a must which will bring ease of business by doing away with multiplicity of Taxes & their cascading impact. It would also help in reducing the cost of administration while improving compliance.  GST is expected to increase tax revenue for the State Governments due to a wider tax base and better compliance. It will bring more FDI and create more employment opportunities for overall growth of the country.
 

Ends.

Koteshwar Prasad Dobhal
Consultant (PR)