Indian minister for road transport and highways and micro, small and medium enterprises (MSMEs) Nitin Gadkari recently said the goods and services tax (GST) will help achieve the vision of a $5-trillion economy by 2025. Addressing a webinar on July 1, the fourth anniversary of GST implementation, he said GST is founded on the notion of ‘one nation, one market, one tax’.
The webinar was organised by the Institute of Cost Accountants of India, according to a government press release.Indian minister for road transport and highways and micro, small and medium enterprises Nitin Gadkari has said the goods and services tax (GST) will help achieve the vision of a $5-trillion economy by 2025. Addressing a webinar on July 1, the fourth anniversary of GST implementation, he said GST is founded on the notion of 'one nation, one market, one tax'.#
On the problems faced by MSMEs, he said delayed payments are the main cause of concern and that has to be resolved.
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