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GST changes to increase GDP by nearly Rs20 lakh crore: Vaishnaw

Senior BJP leader and Union Minister Ashwini Vaishnaw has said that the opposition is not happy with these GST reforms. He alleged that during the UPA rule time, there was a tax terror which the Modi government has removed. He said during the UPA time, there were only talks and no real work was done. Vaishnaw said, during the UPA government, the tax on cement was 30 per cent, which has now come down to 18 per cent. The Minister said, the UPA imposed a 13 per cent tax on sanitary pads, and the NDA government has brought it to zero tax.

Talking to reporter in New Delhi on Monday, Vaishnaw has said that the next generation GST reforms, which came into effect, will speed up the economic growth of the country. Vaishnaw said, the consumption will also grow further, leading to an increase of nearly 20 lakh crore rupees in the GDP. He said, the people across the country are delighted, as a significant portion of their income will now be saved, as most of the daily used items have been cheaper.


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