GST: GST imposed on food products to prevent tax evasion, government bid - some states had demanded it


Posted on 25th Jul 2022 02:59 pm by rohit kumar

Defending the decision to levy GST on packaged goods and food items, Revenue Secretary Tarun Bajaj said that this step has been taken to check tax evasion on these products. Some states also demanded it. He said, the decision to impose GST on packaged food items from July 18, 2022, is not of the Central Government but the GST Council. The decision in this regard was taken by the fitment committee which suggested the GST rates. Apart from the Center, the committee consists of officers from the states as well.

 

 

Bajaj said, before GST, these items were taxed in many states. This practice was envisaged to continue with the introduction of GST in July 2017. But, when rules and circulars came to the fore, this tax was levied on branded products.

 

 

States had complained of tax evasion

 

As per the rules, pre-packaged goods will not attract GST if brands give up actionable claims. Taking advantage of this, many famous brands started selling these items in their brand name packets. But, as there was no actionable claim on it, they were not attracting 5 percent GST. Some states had complained of such tax evasion. However, he did not give the names of these states.

 

Now the complaints of income taxpayers will be resolved soon

 

Income taxpayers will no longer have to wait long for the resolution of their grievances. Nitin Gupta, the new chairman of the Central Board of Direct Taxes (CBDT), said that speedy resolution of complaints is the priority of the Income Tax Department. For this, he will be in touch with the taxpayers and other stakeholders.

 

On Income Tax Day on Sunday, he said, there has been a record collection of 14.09 lakh crores in 2021-22. The harmonization of policies and procedures has reduced the compliance burden on the taxpayers, thereby achieving this tax collection figure. We cannot sit quietly on this achievement. You have to work hard to keep up the pace.

 

Changes in policies will bring transparency

 

The new chairman said, in a few years, there has been a vast change in various sectors of the economy. The use of digital has increased. New classes of business have been created and new asset classes have been created. Because of these changes, the department has redesigned its policies and procedures. This will bring more transparency to the work.

 

Also Read: 5% GST: Was this decision taken with the consent of the states? How is the decision of imposing a tax on the GST Council

1 Like 0 Dislike
Previous news Next news
Other news

'If we cannot protect the personal liberty of the citizens...', CJI Chandrachud said amidst the statement of the Law Minister

Union Law Minister Kiren Rijiju expressed concern on Thursday (December 15) over the delay in get

KGF 2 Star Yash: After 'KGF 2', Yash is coming again to steal the show, will announce the name of the next film on this date.

The audience is eagerly waiting for the next film of the blockbuster film 'KGFA 2' fame actor Yas

New Delhi Stampede: Railway issues notice to 'X' for running stampede video, social media platform says this to users

18 passengers died in a stampede at New Delhi Railway Station on February 15, while many were inj

The name of the first confirmed contestant of Bigg Boss 19 has been revealed. He will give a tough time to other contestants.

YouTuber Purav Jha was recently seen in Amazon Prime Video's reality show "The Traitors". Karan J

Pakistan: Petition rejected in Imran Khan's contempt case, sealed on the decision of the sessions court

The Lahore High Court in Pakistan has dismissed former Prime Minister Imran Khan's challenge peti

Stranger Things 5: The trailer for Volume 2 shows a terrifying glimpse of the final battle. What will happen in the final chapter?

The end of Stranger Things is almost here, and Netflix has just given fans a glimpse of what's to

Inequality in Japan: Japanese minister lashed out at his government, said - discrimination against women in politics, affected the economy

Discrimination against women is also a tragedy in Japan. Japan's Minister Saiko Noda said in an i

5 records of the T20 World Cup which are almost impossible to break: Yuvraj had hit fifty in 12 balls, Kohli's average is like Everest

The T20 World Cup-2022 has started touching the sky in terms of adventure as well as its debut. I

US: The post of US Ambassador to India is vacant for two years, know why Eric Garcetti's name is not getting stamped

US President Joe Biden has announced the name of the new US ambassador to India. According to thi

Kangana Ranaut reacted to Shahrukh Khan's son Aryan's debut, saying- only makeup...

Superstar Shah Rukh Khan's son Aryan Khan is going to make his debut as a director. Actress and M

Sign up to write
Sign up now if you have flare of writing..
Login   |   Register
Follow Us
Indyaspeak @ Facebook Indyaspeak @ Twitter Indyaspeak @ Pinterest RSS



Play Free Quiz and Win Cash