Under the able leadership of Haryana Chief Minister Nayab Singh Saini, who is also the Excise and Taxation Minister of the state, the Excise and Taxation Department has achieved significant growth in the collection of Goods and Services Tax (GST).
Vodafone Idea (Vi) stated through a filing to the Bombay Stock Exchange (BSE) on Friday that it plans to appeal against a Rs 16.73-crore Goods & Services (GST) demand order it has received from the Deputy Commissioner of the Large Taxpayer Unit of West Bengal.
Leader of Opposition in Lok Sabha Rahul Gandhi, who is on a two-day visit to his parliamentary constituency here, on Thursday said unemployment is on the rise in the country due to demonetisation and GST imposed by the BJP-led NDA government at the Centre.
Union Finance Minister Nirmala Sitharaman on Tuesday informed the Rajya Sabha that indirect tax under the Goods and Services Tax (GST) has significantly reduced over the years since its implementation.
Mr Mitra, while opposing the Union Budget alleged that the Union government has announced 100 per cent FDI (foreign direct investment) in insurance sector but simultaneously it has not stopped collecting 18 per cent GST.
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.
“Real GDP or GDP at Constant Prices (2011-12) in the year 2019-20 is likely to attain a level of Rs 147.79 lakh crore, as against the Provisional Estimate of GDP for the year 2018-19 of Rs140.78 lakh crore, released on 31 May, 2019,” an official communique said.
In November, the gross GST collection stood at Rs 1,03,492 crore.
The present trend of increasing tax revenues to fund money-guzzling social sector schemes (Rs 12 lakh crore in the last budget) must also stop. Instead of a policy of maximising tax collection, we should go in for a rational and comprehensive taxation policy designed to prevent concentration of wealth and straightening out the glaring inequalities in our society, which would entail reducing GST and bringing back taxes on wealth, inheritance and gifts.
