The Swadeshi Jagran Manch (SJM) has strongly recommended that the Centre bring foreign-run social media giants, ecommerce companies, giant foreign software companies and large taxi and travel aggregators under the tax net in the upcoming Budget, to meet its revenue shortfall.
SJM is an influential RSS affiliate whose imprint is increasingly found on a number of government decisions. SJM’s ‘protectionist’ recommendation comes at a time when Prime Minister Narendra Modi and commerce minister Piyush Goyal have been making statements in tune with the Manch’s stand –– exhorting citizens to buy more Indian goods than foreign ones, to boost the Indian economy.
The RSS think tank that focusses on economic issues has been fighting doggedly to ‘protect’ Indian small and medium sector enterprises from ‘foreign owned’ ecommerce firms and large MNCs.
After pre-budget consultations with the government, the Manch sent in its recommendation to the finance ministry, expressing concern over the revenue and direct tax shortfalls and the inefficiency of the GST network. SJM’s national coconvenor, Ashwani Mahajan confirmed to ET that pre-budget meetings were held.
Mahajan also attended an official pre-budget meeting with finance minister Nirmala Sitharaman along with industry stakeholders such as FICCI and CII.
“Yes, we have made some suggestions to the finance ministry for the upcoming budget and on the economy. We are concerned over the projected shortfalls in revenue from GST and from direct taxes. CBDT’s projections of a shortfall by ₹1.4 lakh crore in direct taxes is again worrisome. The natural victims of these shortfalls in revenue are social sectors like education, health, drinking water, child and women development, besides infrastructure development,” Mahajan told ET.
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