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.
After one year of GST, while some have labelled it as complex and cumbersome, others have hailed it for removing the multiple indirect taxes and bringing a single tax structure.
In the wake of reports of deposits by Indians soaring in the Swiss banks last year, West Bengal Finance Minister Amit Mitra on Saturday claimed hawala transactions have seen a rise due to failure of GST's automatic digitised process.
According to the government, the GST has greatly benefitted the economy but many including outgoing Chief Economic Advisor Arvind Subramanian are of the view that the multiple tax rates, especially the 28% slab, can be done away with to simplify the regime
Only 21 per cent of the over 32,000 people in 215 districts of India said that their monthly household grocery…
The average monthly collection under GST stood at Rs 89,885 crore during 2017-18.
