GST was a “win-win” deal for all says Arun Jaitley

Vastavam web: Finance Minister Arun Jaitley today said the Goods and Services Tax (GST) was a “win-win” deal for all as it would expand the tax net, end “inspector raj” and bring down the prices of goods.While he spoke on the GST at the BJP parliamentary party meeting, External Affairs Minister Sushma Swaraj briefed party MPs on the recent foreign visits of Narendra Modi and said no visiting Indian prime minister had received the kind of welcome accorded to him by US President Donald Trump during his recent to that country.

Pitching the GST as a measure beneficial for the country, Jaitley said the prices of goods had come down between four to eight per cent since its roll-out on July 1.Parliamentary Affairs Minister Ananth Kumar briefed reporters about Jaitley’s remarks.There was no longer tax on tax and the transport of goods across the country was going unhindered now, he said.More than one crore firms were expected to be migrating to the new tax regime against around 80 lakh companies earlier, Kumar quoted him as saying.BJP sources said Swaraj highlighted various aspects of Modi’s visits to the US, including a working dinner at the White House, Trump giving him a guided tour of his residence, and said it was a rare honour for a visiting Indian prime minister.

She also noted that Israeli Prime Minister Benjamin Netanyahu took Modi out on a drive on a beach. Kumar asked the BJP members to ensure their presence here during the vice presidential election on August 5, which is a Saturday.