Govt closely monitoring price, supply situation post GST implementation

GST was brought so that Modi's name could be recorded in India Tv
GST was brought so that Modi's name could be recorded in history Ambedkar said
Author

06 July, 2017

Eight states, including Assam, Punjab, Himachal Pradesh, and some north-eastern states, are in the process of abolishing check posts.

Government officials cited three reasons to justify the tax rates: To protect local manufacturers, avoid an inverted tax structure and to keep the new tax rate at the same level or lower than the old one.

Bihar, Uttar Pradesh, Gujarat, Haryana, Andhra Pradesh, Karnataka, Madhya Pradesh, Tamil Nadu and Kerala are among the other states which have abolished the check posts.

The rollout of the GST across the country has been smooth with the abolition of check posts adding to the efforts to ensure that the changeover to the new tax regime is hassle-free and least disruptive for businesses and consumers. "We have submitted to the government that the input tax credit available for the units is only four per cent", Mariappan said. "Moreover, the tax base will be broadened, as only SMEs with sales up to Rs 2 lakh will now be exempt from paying GST, down from Rs 1.5 crore earlier".

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Mr Adhia said, all the state governments except Jammu and Kashmir have notified GST-related rules and people have accepted it well and no issues have been reported so far in the implementation of GST.

The review was focused on the general situation after the GST implementation and consumer impact of GST implementation in particular.

"This has resulted in drastic increase in the cost of food creating a negative impression on GST among people", the minister reasoned.

Sinha also asked all departments to ensure that there is no shortage of products and commodities especially consumer items in order to keep the prices under check. He also asked departments to be ready to deal with queries of their respective stakeholders concerning GST.


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