Monday, 25 September, 2017

22 states remove border check posts to facilitate smooth changeover to GST

Fin Min holding GST-KI-Master Class live on DD Channels in Hindi & English Fin Min holding GST-KI-Master Class live on DD Channels in Hindi & English
Jan Ortega | 05 July, 2017, 00:09

The penalty includes even cancellation of registration, he said. To understand the impact of GST on different auto segments.

"GST (Goods and Services Tax) on disability aids like wheelchairs and Braille typewriters, once again shows this government's complete insensitivity towards our most vulnerable", Gandhi wrote on Twitter on Monday.

There is already an inbuilt mechanism of anti-profiteering clause to ensure that GST benefits are passed on to the consumer. Association president Moideenkutty Haji and general secretary G. Jayapal said the Minister's statement that GST would lead to reduction in prices of several commodities and therefore hotels and restaurants need not levy GST, was misleading.

The landmark tax reform of GST effectively removes the individual taxes levied by states and departments, consolidating the entire taxation system under one umbrella tax.

The ministry contended that if these devices/equipments are exempted from GST, then while imports of such devices/equipments would be zero rated, such domestically-manufactured devices/equipments will continue to bear the burden of input taxes, increasing their cost and resulting in negative protection for the domestic value addition.

Earlier, Revenue Secretary Hasmukh Adhia also busted seven misconceptions regarding GST.

Commissioner G.V. Krishna Rao said that GST had only five rate slabs applied on a comprehensive base of supply of goods and services and hence by virtue of its design, it would be much easier to administer.

With the onset of the goods and services tax (GST), 22 states have already removed check The Goods and Services Tax (GST) was rolled out on 1st of July 2017.

To dispel myths about inflation under GST, the government has also released the new tax incidence on items of common use such as groceries, hair oil, toothpaste and LPG stoves.

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