Venkaiah appeals to political parties not to 'politicise' GST
29 Jun 2017 5:43 PM GMT
Union Urban Development Minister Venkaiah Naidu on Thursday advised political parties not to politicise GST, saying the country was bound to benefit hugely from the tax initiative in the long run. "The long-term effects of the GST will be highly beneficial for the country's economy but it may have initial, short-term negative effects on, inflation and the GDP," Naidu said at a press conference here.
Requesting people not to panic about the effects of GST, he asked them to be prepared for it. "Except for tax evaders, no one needs to panic about GST. I want to ask people to suffer its initial effects along with us for long-term gains and benefits," he said.
The concept of a unified tax regime in the form of GST came into being during Atal Bihari Vajpayee's government and it was being brought into force after consistent hard work of 16 long years, he said.
Advising political parties not to politicise the issue, he said they should comment on it only after careful thinking.
Speaking on Dehradun's inclusion in the list of cities where the Smart City project is to be implemented, he said no city could become a Smart City overnight.
It is a long-term project which requires a minimum of five to ten years to implement, the Union minister said.
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