PM Narendra Modi lauds Arun Jaitley after GST Council meet, says recommendations will help SMEs

Prime Minister Narendra Modi said the recommendations announced today by Finance Minister Arun Jaitley after a GST Council meet, would "immensely" help small and medium businesses.

IndiaToday.in  | Edited by Ganesh Kumar Radha Udayakumar
New Delhi, October 6, 2017 | UPDATED 23:07 IST
PM Narendra ModiPM Narendra Modi

Prime Minister Narendra Modi today said the Goods and Services Tax had become "even simpler," after the GST Council eased rules for exporters and gave relief to small and medium scale enterprises (SMEs) on filing returns and paying taxes.

The recommendations announced at a press conference by Finance Minister Arun Jaitley would "immensely" help small and medium businesses, he said.

Modi said GST was "in line" with his government's "constant endeavour" to ensure the growth of India's economy and that its citizens' interests are safeguarded. His remarks come days after he used the platform of the Institute of Company Secretaries of India to counter the discourse that the economy is on a declining curve.

Taxes were cut on more than two dozen items at the 22nd GST Council meeting which was chaired by Arun Jaitley.

To learn more about the announcements Jaitley made today, click here.