Hyderabad: Vice-President M. Venkaiah Naidu stated that implementation of GST had contributed to strengthening of economy. He termed the Goods and Services Tax has the biggest reform introduced since Independence.
“The poor are becoming rich. Those who used bicycles are riding motorcycles now. Those who owned two-wheelers have bought cars,” Mr Naidu said while speaking at a seminar organised by Keshav Memorial Education Institutes here on Tuesday.
The Vice-President said that the World Bank and the International Monetary Fund had predicted 7.3 per cent growth rate in 2018.
Mr Naidu said that with GST in place, taxes imposed by the Centre and state governments had gone, bringing relief to crores of citizens.
The Vice-President called upon people to pay taxes “so that government’s coffers are filled and the money could be utilised for welfare and development activities.”
