Palaniswami Lauds GST Council’s Nod for Two-Tier Tax Slab

Fast Summary

• The AIADMK, an ally of BJP in Tamil Nadu, has welcomed the GST Council’s approval of a two-rate slab system (5% & 18%).
• AIADMK General Secretary Edappadi K. Palaniswami described these decisions as “historic.”
• In a social media post, Mr. Palaniswami appreciated Prime Minister Narendra Modi’s leadership and Union Finance Minister Nirmala Sitharaman’s efforts toward creating a simplified and growth-oriented GST framework.
• He stated that the reform woudl simplify compliance, offer relief on essentials like healthcare, agriculture inputs, and insurance while boosting consumer confidence and supporting economic growth.

Indian Opinion Analysis
The approval of the two-rate GST slab represents a significant simplification move aimed at streamlining India’s taxation framework while addressing critical needs such as affordability for essentials and ease of compliance for businesses. This change holds potential implications for boosting economic activity by reducing complexities and encouraging consumer participation-aligning wiht broader visions of inclusive growth highlighted by political endorsements from stakeholders like AIADMK’s leadership. Such backing also emphasizes regional allies’ alignment with national-level reforms under the current governance,signaling continued cohesion between state-level parties supporting federal initiatives.

Read more: The Hindu