This programme covers the government’s stance on the Goods and Services Tax (GST) structure. On the possibility of a single GST slab, finance minister Nirmala Sitharaman states it is not feasible at present due to non-uniform development across the country. An important quote illustrates this point: "can a Benz car and a Hawaii chapel be treated the same way and have one tax? Cannot." The discussion also addresses an estimated revenue shortfall of approximately ₹40,000 crore from lower GST collections. The government expresses confidence that reducing rates on daily use items will create market buoyancy to overcome this gap. Furthermore, on the topic of insurance, there is an assurance that benefits from recent decisions will be passed on to consumers by both public sector companies and private firms, with the government intending to speak with the latter to ensure compliance. #gst #gstindia #nirmalasitharaman #itwebvideos#onenationonetax #taxreform #indianeconomy #revenueshortfall #taxcuts #gstcollections #finance #economicpolicy #insurance #consumerrights #businessnews #india #taxation
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