{"id":1768,"date":"2017-07-23T12:50:35","date_gmt":"2017-07-23T07:20:35","guid":{"rendered":"http:\/\/hostbooks.in\/?p=1768"},"modified":"2023-11-27T16:22:26","modified_gmt":"2023-11-27T10:52:26","slug":"gst-will-accelerate-growth-ease-business-says-nitin-gadkari","status":"publish","type":"post","link":"https:\/\/www.hostbooks.com\/in\/hb\/news\/gst-will-accelerate-growth-ease-business-says-nitin-gadkari\/","title":{"rendered":"GST will accelerate growth and ease of doing business, says Nitin Gadkari"},"content":{"rendered":"<p>NAGPUR: The Goods and Services Tax (GST) will accelerate the growth and ease of doing business and help in nation building, Union minister Nitin Gadkari said on Sunday.<\/p>\n<p>&#8220;GST will remove the red-tapism and corruption and will bring in transparency in the system,&#8221; the Shipping minister said at the inaugural &#8216;Gopal Krishna Gokhale Memorial&#8217; lecture<\/p>\n<p>&#8220;Till a few days ago 75 lakh (traders\/businessmen) have registered for the GST and it is the biggest economic reform that the the country has witnessed wherein, 17 taxes and 22 cesses have been cancelled,&#8221; he said.<\/p>\n<p>&#8220;India has a logistic cost of 18 per cent, while China has a logistic cost of 8 to 10 per cent and that is a reason, why we are not that competitive in the export market,&#8221; he said.<\/p>\n<p>&#8220;Export and manufacturing will get a big boost by GST. Maharashtra&#8217;s revenue will increase by 25 per cent and illegal trading will come to a standstill,&#8221; he added.<\/p>\n<p>The nationwide GST was rolled out from July 1.<\/p>\n<div><span class=\"source\">(Source: Times of India)<\/span><\/div>\n","protected":false},"excerpt":{"rendered":"<p>NAGPUR: The Goods and Services Tax (GST) will accelerate the growth and ease of doing<span class=\"excerpt-hellip\"> [\u2026]<\/span><\/p>\n","protected":false},"author":1,"featured_media":1769,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9273],"tags":[],"yst_prominent_words":[2335,950,363,584],"_links":{"self":[{"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/posts\/1768"}],"collection":[{"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/comments?post=1768"}],"version-history":[{"count":1,"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/posts\/1768\/revisions"}],"predecessor-version":[{"id":7984,"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/posts\/1768\/revisions\/7984"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/media\/1769"}],"wp:attachment":[{"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/media?parent=1768"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/categories?post=1768"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/tags?post=1768"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/yst_prominent_words?post=1768"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}