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Saturday
April 2018
1:19 PM IST
News Headlines
CPM amends resolution to allow 'electoral understandings' with Cong        CSK fans head for Pune on special train        Gayle storm blows away Sunrisers        Monetise Air India assets rather than selling stake: SJM to govt        Iraq says it carried out air raid against IS in Syria        Diaz-Canel is Cuba's new president as Castro steps aside        BJP may rope in Swami Aseemanand to work in West Bengal        SC website down amidst fears of hacking        L-G approves proposal to compensate consumers for unscheduled power cuts in Delhi        Loya death: SC says attempts to scandalise judiciary, dismisses pleas        Nawaz Sharif, daughter leave for London        Former US first lady Barbara Bush dead at 92        Manmohan Singh on Kathua, Unnao rape cases: ‘PM Narendra Modi should follow own advice to me, speak more often’        Kathua rape ‘barbaric’, says President Kovind        KKR breach Rajasthan fortress at Jaipur, beat RR by 7 wickets        Virat Kohli downbeat despite smashing IPL run record        BJP ministers in J&K government asked to resign, to be replaced with new faces        Banks are unable to meet the demand for cash, says ATM industry        India, Sweden to enhance cooperation in defence, cyber security        Castro set to step aside as Cuban president, his reforms incomplete        
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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
Iraq says it carried out air raid against IS in Syria
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Diaz-Canel is Cuba's new president as Castro steps aside
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NATIONAL NEWS
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 Kolkata, Apr 19 (PTI) The BJP in West Bengal is planning to rope in Hindutva preacher Swami Aseemana
SC website down amidst fears of hacking
L-G approves proposal to compensate consumers for unscheduled power cuts in Delhi
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