Delhi Deputy Chief Minister Manish Sisodia wants the government to rethink GST and address traders’ concerns more closely. While a lot has been written about the implementation deadline, Sisodia would rather the council focused on the people that the tax change is going to affect the most – the traders and businessmen of the nation.
Speaking in Delhi, the Deputy CM said that ambiguous tax structures can lead to corruption and the GST roll out will be as unsuccessful as the government’s previous demonetisation scheme. Sisodia has also said that land and real estate should be brought under the purview of the unified tax and consumer durables put under the lowest tax slab, making it a consumer-friendly system .
The minister also said that he does not approve of the dual control of GST, stating that this defeats its intended objectives. He also wants the government to sit through more intense calculations on the issue and not implement anything in a hurry, in order to meet a deadline.
He assured industry chambers that he would take up these issues in the upcoming meetings of the GST council. On the other hand, CBEC Chairman Najib Shah urged industries to not keep seeking exemptions under GST as they would mostly disappear once the new regime is put in place.
He also clarified that too much is being read into the anti-profiteering clause set by the council. His opinion is that once the new tax structure is in place then it will subsume a host of indirect taxes, thus making the law user friendly.
The deadline for GST rollout has been fixed, and as a business now is the time to take the first steps to becoming GST-ready. This way, when the change comes, you will not be caught off guard! So, what can you do to be prepared for GST? Glad you asked:
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