Modi govt’s GST has put burden on poor: Gohil
Senior Congress leader Shaktisinh Gohil on Thursday said the Narendra Modi-led government’s complicated Goods and Services Tax (GST) has put an unbearable burden on the poor and common people.
Senior Congress leader Shaktisinh Gohil on Thursday said the Narendra Modi-led government’s complicated Goods and Services Tax (GST) has put an unbearable burden on the poor and common people.
The Congress on Thursday accused the BJP-led NDA government at the Centre of looting people by imposing the Goods and Services Tax (GST) even on essential items.
In the upcoming Union Budget, the gems and jewellery sector has urged the government for a reduction in goods and services tax (GST) to 1 per cent on revenue equivalence ratio to ease the cost burden on the industry.
Punjab Finance, Planning, Excise, and Taxation Minister Advocate Harpal Singh Cheema has said that the state has, for the first time, surpassed the Rs 30,000 crore mark in revenue collection from VAT, CST, GST, PSDT, and Excise within the first nine months of a fiscal year.
During its 55th meeting, the GST Council clarified that tax treatment for popcorn would depend on its flavour and the way it was sold; while popcorn sold loose will be taxed at 5 per cent, GST on popcorn will incre a se to 12 per cent if it was sold in packets under a brand name, while caramelised popcorn would be taxed at 18 per cent.
Punjab Finance, Planning, Excise and Taxation Minister Harpal Singh Cheema on Monday said the state has registered an increase of 16.5 per cent and 20.87 per cent in revenue from Goods and Services Tax (GST) and Excise respectively during the first four months of the financial year 2023-24.
The GST council will on Wednesday take a final call on levying 28 per cent GST on online gaming, casinos, and horse racing, amid requests from the gaming industry to revoke the decision, claiming that it will hurt the nascent sector's growth.
The online gaming industry in India has gained currency in recent years and has particularly attracted the youths of our country. Given the humongous rise in the need for diverse and challenging games which were essentially accelerated during the pandemic and thereafter, it clearly evidences that online gaming is here to stay.
The Congress has been critical of the government's move of demonetisation, when on November 8 in 2016 the Rs 500 and Rs 1,000 were spiked.
The government on Monday issued a clarification regarding taxability of services provided by an office of an organisation in one state to the office of that organisation in another state.
