STOCK MARKET BSE NSE

Telangana wants 5-12 per cent GST on goods

The state government, while insisting the Centre that GST on most of the goods should be between 5 and 12 per cent, will put five demands before GST Council meeting on June 3.

Published: 01st June 2017 06:25 AM  |   Last Updated: 01st June 2017 06:25 AM   |  A+A-

By Express News Service

HYDERABAD: The state government, while insisting the Centre that GST on most of the goods should be between 5 and 12 per cent, will put five demands before GST Council meeting on June 3.
“Union Finance Minister Arun Jaitlely is positive and considering all the issues. So far, voting was not conducted in any GST Council meeting, though the States have 66 pc and Centre 33 pc say in the GST Council,” Rajender explained.

The demands are as follows:

GST should not give scope for tax evasion. The taxation system should be practical
The grievances of the traders should be addressed
GST should be grounded perfectly, even if implementation is delayed by one month
There are two taxes on spectacles. One tax on frame and another rate of tax on glasses When the end product is spectacles, the tax should be single
The taxation should be less for the goods used by the common man

Stay up to date on all the latest Telangana news with The New Indian Express App. Download now

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp