"We have received a proposal (under India Vision policy 2025) in which Income tax, Sales tax, Excise and octroi should be eliminated. A transaction tax should be levied (instead)," Gadkari said while addressing a gathering of traders here today.
Citing an example, he said if somebody buys a car and visits a restaurant, then two per cent tax will be imposed on such transactions.
However, he said, "This proposal is under consideration and no decision is taken yet. But when BJP comes to power then we will consider it. We also want a debate on this issue."
Gadkari, who is incharge of party's India Vision document, said the party is in the process of preparing India Vision Document 2025 incorporating all issues relating to trade, industry, agriculture, transport, power etc.
He further said the party has received another proposal in which 3.29 crore tax payers could be exempted from filling income tax returns.
About fake currency issue, he said there is a proposal to grow special fibre made of plastic or jute at over 1,000-1,500 acres of land which would be used in making currency thus help in dealing with the fake currency in the country.