ADVERTISEMENTREMOVE AD

New Simplified GST System From April 2020: FM’s Promise in Budget

Presenting Budget 2020 in the Parliament, Sitharaman said that the GST “integrated the country economically”.

Updated
Business
1 min read
story-hero-img
i
Aa
Aa
Small
Aa
Medium
Aa
Large
Hindi Female

Finance Minister Nirmala Sitharaman on Saturday, 1 February, reiterated her government’s promise to simplify and rationalise the goods and services tax (GST) structure from April 2020 for the benefit of traders across the country.

Presenting Budget 2020 in Parliament, Sitharaman said that the GST was a historic structural reform that “integrated the country economically”.

She added that since the GST was rolled out on 1 July 2017, an average household saves four percent in its monthly expense.

Presenting Budget 2020 in the Parliament, Sitharaman said that the GST “integrated the country economically”.

(At The Quint, we are answerable only to our audience. Play an active role in shaping our journalism by becoming a member. Because the truth is worth it.)

0

Read Latest News and Breaking News at The Quint, browse for more from news and business

Published: 
Speaking truth to power requires allies like you.
Become a Member
3 months
12 months
12 months
Check Member Benefits
Read More