India is in the midst of holding general elections in seven phases ending on May 19
Prime Minister Narendra Modi said on April 19 that the the number of registered traders under the Goods and Services Tax (GST) has almost doubled, and brought transparency to the system.
"We have fulfilled the dream of one nation one tax. E-way bills now help transport goods easily from one part of the country to another. India's ranking in terms of ease of doing business has improved by 65 notches," Modi told a gathering of traders at the Talkatora Stadium in New Delhi.
He spoke about the Bharatiya Janata Party’s (BJP's) promises made to traders in its Sankalp Patra, the party’s manifesto. Among the many things promised manifesto included providing accident insurance of Rs 10 lakh, pension after the age of 60, and the simplification of the GST.
"GST is being handled according to your suggestions. Now, you no longer have to wait till next budget to take care of any issues. If there is any discrepancy, the GST Council addresses it in its meetings. We are continuously trying to simplify GST," he said.
In a bid to woo small traders for a second term, the prime minister also said that his government had scrapped 1,500 rules in five years to improve the ease of doing business in the country.
"Governments boasted of making new rules--I had said I will remove a regulation every day if come to power. I have tried to make your life and business easy in last five years," Modi said.India is in the midst of holding general elections in seven phases ending on May 19. Votes will be counted on May 23.
The Great Diwali Discount!
Unlock 75% more savings this festive season. Get Moneycontrol Pro for a year for Rs 289 only.
Coupon code: DIWALI. Offer valid till 10th November, 2019 .