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 council decided to extend the due date for the filing of annual return for financial year 2018-19 to June 30.
Making systemic changes and sharpening the tools that would facilitate sustainable transformation require the political leadership to possess an acute understanding of the governance process and a statesmanlike long-term vision. The government has to show resolve with compassion, the Opposition has to be critical yet constructive, and the public adequately informed and rational.
She even alleged that the Centre has deprived Bengal of around Rs 89 crore which could have helped the state in undertaking more development work.
Speaking at Shri Ram Economic Summit organised by the economics department of Shri Ram College of Commerce (SRCC), the Rajya Sabha MP said that ordinarily, the explanation for the failing economy should have come from the government.
The industry has been hoping that the import duty on gold would be slashed from 12.5 per cent to 4 per cent in this year’s budget which would have brought much relief to the sector which has been reeling due to liquidity crunch.
