Nirmala Sitharaman (Finance Minister) said that GST has not imposed a tax on essential items. Before GST, states had their systems, such as value-added tax (VAT) and excise duty.
So it is wrong to say that GST has taxed your soap, oil and comb. I can say with confidence that after GST, the tax on all these products has been reduced.
GST made taxation easier
GST unified various taxes, making taxation easy and uniform across the country. The Finance Minister said that many people do not want tax exemptions, so we introduced a system of easy taxation.
We want to do a lot, but we have our limits
On Goods and Services Tax (GST) and its increasing burden on the middle class, Finance Minister Nirmala Sitharaman has said that her government has made many meaningful efforts to make the tax system fair and easy. In an interview, she said ‘We want to do a lot more for the people of the country. But we also have our limitations.’
If I try to explain, people will say – how did Nirmala Sitharaman the Finance Minister dare?
The Finance Minister said that we have brought the New Tax Regime to simplify the tax system. This makes taxation easier and taxpayers also get many types of exemptions. But it is difficult to explain this in the face of controversy and criticism. People will say how did the Finance Minister dare?
The minister understood GST quite late, there was a lack of explaining
In some states, buying a car was cheaper, while in others it was quite expensive. The GST Council was formed to bring uniformity in taxes. The ministers involved in it took a lot of time to understand this.
It is wrong to think that all these products were tax-free before GST. Now they are being taxed.
Pressure on the government to reduce taxes in Budget 2025
This statement from Nirmala Sitharaman (Finance Minister) has come at a time when the budget for the financial year 2025-26 is about to come and the demand for tax cuts is gaining momentum. India’s economic growth rate fell to 5.4% in the July-September quarter, which is the lowest in the last two years. Whereas due to inflation, disposable income i.e. people are not left with money to spend.
