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Hn_Ani2_Gj_Ahmd_Congress_Leader_Ranga_Rajan_Mohan_Kumar_Pc_02-48-47
ETVBHARAT
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1/9/2025
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00:00
28% GST, above 3000 bucks you buy a shirt, it's luxury, 28% GST.
00:06
So they're trying to collect money again from the very people who are actually the only
00:11
people left leading our consumption right now.
00:14
Again individuals, not touching the companies at all.
00:18
Worse, for small to medium businesses, they are also premiumising their products so that
00:24
they can get to this customer base.
00:27
If we do over-taxation at that level also, even that consumption will go down like the
00:32
rest of the consumption pyramid and then you'll have lakhs of further job losses.
00:38
But this government is not focused on that, it is focused on wherever it sees some revenue
00:43
it can tax, it will come up with some convoluted reason to tax it and new cesses and new excesses
00:51
under the GST regime will be introduced in some sort of vague method of rationalisation
00:59
of tax.
01:00
In the end, killing whatever consumption is already reducing in our economy.
01:11
I think many of you must have seen the study that had came out a few months ago, where
01:17
they said that, where it was clear that actually about almost two-thirds or 64% of our total
01:25
GST collections actually comes from bottom 50%, 50% of our country.
01:32
And you're all familiar with the fact that how big an issue income inequality is in our
01:36
country.
01:37
Where only the top 1 or 2% of our country control almost half of our entire wealth.
01:44
Even now with GST, what we are doing is, we are actually not only, as I said, going
01:50
after whatever little consumption is left in our market, because of which our industries
01:54
are continuing to run.
01:56
But we are also going after the poorest of the poor, half of the GST actually is being
02:02
taken from them.
02:04
So you can see how GST and indirect taxation as a whole, whether it is the standard GST
02:11
rate or whether it is the cesses that have been put on top of them, are leading to the
02:16
slowdown in our economy that now we are seeing in the GDP numbers.
02:21
This has been happening for a while.
02:23
Only now it is becoming apparent in the GDP numbers that can't be hidden.
02:28
Six months ago, maybe this is why the finance ministry decided to stop publishing the GST
02:34
numbers.
02:35
Every month we used to get new high, new high for GST, new high for GST.
02:39
It's too much.
02:40
They stopped it.
02:41
They started to keep quiet.
03:09
It's too much.
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It's too much.
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It's too much.
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It's too much.
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It's too much.
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It's too much.
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It's too much.
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It's too much.
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It's too much.
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It's too much.
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It's too much.
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It's too much.
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It's too much.
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It's too much.
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It's too much.
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It's too much.
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