The GST-governing government has lost power, but the Modi government created records
Wherever the goods and services tax (GST) was applied abroad, the government implementing it had to face defeat, but on the contrary, the government imposing GST in India is going to come back to power. It is clear from this that the new indirect tax system has been accepted as a major economic reform. In the updated trend of election results, the National Democratic Alliance (NDA), led by Bharatiya Janata Party, has shown an increase in the 343 seats out of the 542 seats in the Lok Sabha.
Talking abroad, the federal government in Malaysia was defeated after implementing GST. Likewise, the governments of GST implementing New Zealand and Australia Indeed, after these tax reform programs in these countries, the prices of goods and services increased, the consequences of the resentment generated by the people had to be suffered by the governments.
Another GST affairs advisor said, "In many countries where GST was implemented, the governments promised that the problems arising out of it would be resolved within a year, whereas within a year after the GST was implemented He said, "There is a gap of two years between the (GST) implementation of India (India) and elections."
After this, it is planned to further change its process further. Amit Kumar Sarkar, managing partner of Vasari Advisors India LLP said, "The government will create a favorable environment for the services sector as this sector has been a major force for the Indian economy."
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Wherever the goods and services tax (GST) was applied abroad, the government implementing it had to face defeat, but on the contrary, the government imposing GST in India is going to come back to power. It is clear from this that the new indirect tax system has been accepted as a major economic reform. In the updated trend of election results, the National Democratic Alliance (NDA), led by Bharatiya Janata Party, has shown an increase in the 343 seats out of the 542 seats in the Lok Sabha.
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"This is probably the first time that people have re-elected the government implementing GST in a large country," he said. For political reasons, he refused to disclose his name. Citing a clear majority for the government to improve the structural tax reform, he said that Prime Minister Narendra Modi's government has kept control over inflation and actively worked on the demands of the industry.Another GST affairs advisor said, "In many countries where GST was implemented, the governments promised that the problems arising out of it would be resolved within a year, whereas within a year after the GST was implemented He said, "There is a gap of two years between the (GST) implementation of India (India) and elections."
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The Modi government implemented GST on July 1, 2017, which was a major change in one of the indirect taxes and after that the cost of most commodities and services reduced, which has made India a competitive economy in the world. The government has made dozens of changes in the new tax regime, and in the last two years, it has cut rates of tax on hundreds of items to make it industry-friendly.
After this, it is planned to further change its process further. Amit Kumar Sarkar, managing partner of Vasari Advisors India LLP said, "The government will create a favorable environment for the services sector as this sector has been a major force for the Indian economy."
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