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.
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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.