Supriya Sule Calls for GST Rationalisation Amidst Rising Economic Challenges

Saturday, 7 September 2024, 23:56

Supriya Sule calls for GST rationalisation as food inflation continues to rise. The request, made ahead of the 54th GST Council meeting, highlights concerns about essential goods and services. Sule's emphasis on revisiting GST rates aims to alleviate unemployment and boost the GDP growth rate.
Thehindu
Supriya Sule Calls for GST Rationalisation Amidst Rising Economic Challenges

The Need for GST Rationalisation

Supriya Sule, NCP (SP) MP, recently raised alarms regarding soaring food inflation and its impact on the economy. Emphasizing her commitment to economic welfare, Sule reiterated her demand for the removal of GST on essential commodities like pulses, cereals, and dairy products. She argues that the current GST rates disproportionately affect low-income families and contribute to rising unemployment.

Implications for Essential Goods and Services

  • 12% GST on dairy products is particularly burdensome for consumers.
  • Sule's advocacy aligns with the growing public outcry for affordable essentials.
  • Supporting essential goods without high taxation can invigorate the economy.

Potential Economic Outcomes

As we approach the 54th GST Council meeting, Maharashtra Finance Minister Ajit Pawar is expected to address these concerns. A revised approach to GST rates could foster greater GDP growth rate and reflect the government's responsiveness to economic challenges.

For ongoing updates, stay tuned and visit our source for more details.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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