GST rate cut sends wrong signal to domestic business: Finance secretary
Video Credit: ANI - Duration: 02:05s - Published
GST rate cut sends wrong signal to domestic business: Finance secretary
Finance secretary, Ajay Bhushan Pandey said to ANI that GST rate cut sends a wrong signal to domestic business/industries as well as international investors and should be done once in a year that too after intensive analysis of all sectors.
On GST rate cut, he said, "It is not necessary that industries will always benefit from a rate cut.
Recurring rate cuts won't be right for the economy.
It's against tax stability and it sends a wrong signal to domestic business/industries as well as international investors.
There should be one occasion in a year to decide this (GST rate cut) after an intensive analysis of all sectors."
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