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 GSTN prepared all its systems based on the draft law but in March last year, the laws were modified.
Goyal said that acknowledging the need to simplify return filing process, a committee was set up to study return forms which came up with a single-page return.
During its last meeting, the GST Council had cut rates on a range of goods including sanitary pads, small TVs, refrigerators, washing machines and many other consumer goods.
The total number of sales return GSTR 3B filed for the month of July is 66 lakh compared to 64.69 lakh filed in June.
The Minister added that the day GST was implemented, several items earlier proposed to be put in the 28 percent category (where the 31 percent items were adjusted) were brought down to 18 percent.
