The GST Council did not seek the opinion of the states on increasing the tax rates, the committee of ministers did not even submit the report
The GST Council, the apex body that decides on GST related issues, has not sought the opinion of the states on increasing the tax rates.
The GST Council, the apex body to decide on Goods and Services Tax (GST) related issues, has not sought the opinion of the states on increasing the tax rates. The Committee of Ministers, which is considering rationalization of the GST rate, has not yet submitted its report to the GST Council.
goods and services Tax ,GST, The GST Council, the apex body to decide on related issues, has decided the tax rates. (Tax Rates) Opinions have not been sought from the states regarding the increase. Sources told on Sunday that the GST rate (GST Rates) The committee of ministers looking at rationalization has not yet submitted its report to the GST Council. According to PTI language sources, the states are about to increase the rate of GST on 143 items. (States) Opinion not solicited. Apart from this, there is no proposal to put more than half of the products in the highest category of 28 per cent GST tax. The council had last year constituted a committee of state ministers to suggest ways to increase revenue by rationalizing tax rates. Karnataka Chief Minister Basavaraj Bommai is the head of this committee.
In fact, recently there were some reports that the government may increase the rates in the 5 percent tax slab to 8 percent. At present, there are four tax slabs in GST in which 5, 12, 18 and 28 percent tax is levied. The source said that this news is only based on speculations and there is no truth in it.
Suggestions sought last year
Last year itself, the GST Council had set up a Group of Ministers under the chairmanship of the Chief Minister of Karnataka, which includes ministers from West Bengal, Kerala and Bihar, to provide reasonable rates. According to the source, the GoM is yet to prepare and file its report. Along with this, the source informed that due to the visit of the Finance Minister to America, at present the date of the next meeting of the GST Council has not been fixed. Earlier last year on December 31, the meeting of the GST Council was held.
Apart from the four tax slabs, there is also a zero tax slab, essential goods either come under tax exemption or in the 5 percent tax slab. At the same time, luxury items come in the 28 percent tax slab. According to the government, most of the products of the country come under zero, 5 percent and 12 percent tax. At present, the government is on the target of the opposition regarding the high tax on petrol and diesel. The government has already said that to increase the income, the tax rates on oil have been kept high. Meanwhile, news of increasing GST rates came to the fore. However, the government has denied this.
(with language input)