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.
There was no innovative, expansionary vision on display as the hapless finance minister, grappling with revenue, debt, expenditure going out of kilter and jobs disappearing across the board, used eloquent and unwarranted optimism instead, projecting a 10 per cent growth.
There was nothing in the budget, he said, that could pave the way for economic reforms or raise public consumption that was imperative for reviving the economy.
The schedule has been extended by 7 days.
China is directly concerned with creation of Ladakh as a Union Territory, because it is occupying parts of it including Shaksgham Valley, which has been illegally gifted to it by Pakistan.
“We are now facing the worst situation with not only inflation on one side or stagnation on the other but both of them together. We have a sort of “stagflation” situation wherein the inflation rate is high, unemployment is the highest in 45 years and GDP is very low,” Mr Mitra said.
