Big nations don’t have the courage to implement GST: Piyush Goyal

Vastavam web: Finance Minister Piyush Goyal on Sunday said that many big nations don’t have the courage to implement a tax reform like the Good and Services Tax. It’s not there in the US or China. Big nations don’t have the courage to bring such huge change,” Goyal said.” Before our GST Council meeting on July 21, I went to seven places – Jaipur, Bhopal, Nagpur, Raipur, Kolkata, Mumbai and Delhi – to interact with people and take their feedback on what they expect from us.

A special GST meeting, especially for the MSME sector, was called on August 4. This happened for the first time when all the finance ministers in the country along with the Centre’s Finance Minister did a meeting, especially for a particular sector,” he added. “Rakshabandhan is coming. We have exempted Rakhis from GST. Also, for Ganesh Chaturthi, we have exempted GST on statues made from wood, clay and stones. Handicraft and handloom sectors are also there.  All these things are our heritage and we have to hold on to them with respect,” he added. Goyal also said that 20 percent cashback will also be available on digital payments through the BHIM app.