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July 2018
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Congress to set up group on alliances: Rahul        Prepare To Fight 2019 Alone, Amit Shah Tells BJP On Rift With Shiv Sena        Money laundering scam: Zardari declared absconder by FIA        Afghan vice president Dostum escapes blast on return from exile        Sri Lanka close in on whitewash of S. Africa        Hamilton regains title lead after stunning German win        Fakhar Zaman becomes first Pakistani to hit ODI double ton        Govt slashes GST rate on several products        Third party insurance for two, four-wheeler be made mandatory: Supreme Court        Supreme Court stays Madras HC order awarding extra marks to NEET Tamil candidates        Trump invites Putin to White House in the fall        Zimbabwe vs Pakistan: Fakhar Zaman scores double century in record partnership with Imam-ul-Haq to breeze past hosts        Modi Govt Gets AIADMK Boost as No-Trust Vote Turns Into Show of Strength for 2019        IOC adds 7 medal events to 2022 Beijing Winter Games program        Indian outplay New Zealand 4-2 in hockey series opener        Samsung, Xiaomi corner 60 pc share of India's smartphone mkt in Q2: Canalys        Indo-Pacific must be free, open and and inclusive region: Swaraj        Indian man shot dead in Canada, two suspects arrested        Trump says looking forward to 'second meeting' with Putin        Mob-lynching cases: Govt asks WhatsApp for solutions beyond labelling forwards        
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Business News
Centre did not play big brother role in fixing GST rates: Min
 
Amaravati, Jul 8 (PTI) Maintaining that the Centre was not playing big brother role, Union minister Nirmala Sitharaman today suggested that any state could forego its share of GST if it wanted to lessen the tax burden.

Sitharaman, Minister of State for Commerce and Industry, made this remark referring to the agitation by Tamil Nadu film industry over the high rates of tax on cinema tickets.

"In fact, they (Tamil film industry) have no issue with the GST. It is the additional 30 per cent local bodies tax levied by the state government that they are agitated about," the minister told reporters here today.

"The Centre didn't play big brother role in fixing rates (under GST). If it (tax rate) has been agreed, it has been collectively agreed by the GST Council, a body representing 29 states and seven Union Territories and a lone member (the Centre).

"GST Council is a constitutional committee and the correct strength of it is in the states. This is a classic example for cooperative federalism," the minister pointed out.

GST rates were fixed by following the revenue-neutral philosophy, she added.

Asked why liquor and petroleum products were not brought under the ambit of GST, she said the states requested that a decision on them be deferred.

"It is on the request of the state governments that petroleum products and liquor are not yet brought under GST," she said.

Sitharaman said problems related to the implementation of GST were "largely settled" and the Centre was conducting a public interaction week across the country to enhance awareness among traders.

Replying to another question, the union minister said GST would be favourable for investments as the tax structure would be uniform across the country.

"Investors now need not worry about tax rates, say in Andhra Pradesh or Odisha. Also, they can have clear assessment of the costs (on raw materials) as there is a single tax. GST will also help exports as the logistic cost will reduce," the minister noted.

Later, she addressed traders and industry representatives to clarify doubts on GST.


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KERALA NEWS
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INTERNATIONAL NEWS
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NATIONAL NEWS
Prepare To Fight 2019 Alone, Amit Shah Tells BJP On Rift With Shiv Sena
 (Mumbai, July 22, 2018):BJP president Amit Shah told party workers in Mumbai today that they
Supreme Court stays Madras HC order awarding extra marks to NEET Tamil candidates
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