Prime Minister Narendra Modi. Photo: PTINew Delhi: Prime Minister Narendra Modi on Friday said the goods and services tax (GST) has become “even simpler” after the GST Council’s recommendations, and that it is in line with the government’s constant endeavour to safeguard citizens’ interests and ensure the Indian economy grows. The prime minister congratulated finance minister Arun Jaitley and his team for engaging with various stakeholders for “extensive feedback which led to today’s recommendations” on GST. Jaitley, while briefing the media on the GST Council meeting, said a decision has been taken to cut GST rate on 27 items. Government contracts involving high amount of labour will be levied 5% GST instead of 12% in order to contain cost of those programmes, he said.

Source: Mint October 06, 2017 17:11 UTC