Nation must have GST and BTT only : KCR

 SMTV Desk 2016-12-17 23:10:45  Hyderabad,Telangana,Nation, Banking,corruption , mobile apps,Narendra Modi,Transactions,KCR,Council,
Nation must have GST and BTT only : KCR

Hyderabad December 18 :The digitization of money transactions is not a spot event to get an instant results.It will takes more time to convert into cashless society.The Chief Minister of Telangana K. Chandrasekhar Rao noticed that the country is to have only two types of taxes GST (Goods and Services Tax) and Banking Transactions Tax (BTT).The Nation has only these two taxes GST and BTT, but the current system is pushing ahead for a uniform tax across the nation.KCR said in the council, ?We the State government has to support the revolutionary and reformist note ban decision announced by Prime Minister Narendra Modi. We have to wait and see for the fallout when reforms are introduced.He also added that adding that cashless is not just using swiping machines as there are 51 mobile apps in use for the purpose."During my 70-minute discussion with the Prime Minister, Narendra Modi sought 50 days time to ease out the monetary transactions and impact of note ban across the nation. Modi himself made it clear that he would clean up the country of corruption given some time and ready to face any punishment at any cross road, people can hit and kill him, if I fail to achieve the goal", KCR apprized.