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.
Sales may surge in the second half if a proposal to cut GST rate on under-construction flats from the current 12 per cent gets approved and liquidity situation improves among NBFCs.
The country should eventually have a GST which would have only slabs of zero, five per cent and standard rate with luxury and sin goods as an exception.
Producer Ritesh Sidhwani also thanked Modi for "your immediate action of reduction in GST on cinema tickets".
PM Modi on Tuesday had pledged a further rationalisation of the GST to ensure that items of regular use won’t face the top 28 per cent rate.
Gandhi's remarks came 2 days after PM Modi said that the government was aiming to bring 99 per cent of items at or below 18 per cent GST slab.
