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.
The traction will be for Centre's refusal to pay the state it's dues on GST on which the Opposition has decided to join the dissenting voices of Treasury benches.
'Many have been badly affected by this- lakhs of poor families, crores lost their jobs, states' economy was affected,' he said.
'The Government will give a further relaxation of 0.5% in states' borrowing limit under FRBM Act,' the Finance Minister said.
While the Joint Entrance Examination (Main) is scheduled from September 1-6, the National Eligibility cum Entrance Test (NEET-UG) is planned on September 13.
The finance ministry has argued that sanitisers attract GST at the rate of 18 per cent because these are like soaps and antibacterial liquids, all of which attract duty at the standard rate of 18 per cent. If so all of them should either be taxed lower or spared the burden of tax.
