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.
It is believed that Govt has considered various options including raising rates from 5 per cent to 8 per cent and 12 per cent to 15 per cent,
Speaking at a session organized by the Bengal National Chamber of Commerce and Industry (BNCCI) today, the Governor said, “I am always ready to address any issue that is flagged to me by the industrialists and even the mediapersons. I can play a mediatory role between the state and the Centre. I would be very happy to do that and that is what my job is.”
Sitharaman also said that there is nowhere in the world do the prices of petrol and diesel remain steady for a particular period of time.
Shiv Sena said that the slowdown is evident in the subdued Diwali celebrations this year.
During an interaction with businessmen, entrepreneurs, CAs and others in Pune, Sitharaman asked tax professionals not to curse the GST system and sought their help to make it better.
