GST Replacement: Atta, wheat and these gadgets available free of cost will not appeal for tax; Complete Checklist – India Times English News

amid the uproar over the imposition of 5 percent GST On pre-packaged and pre-labeled items from Monday, Finance Minister Nirmala Sitharaman said on Tuesday that do not tempt anyone by buying these things for free. GST, Items which include items of daily necessities including rice, milk, pulses are not coming under the purview of Goods and Services Tax at present.

In a collection of 14 tweets, Sitharaman said that the decision to impose tax on pre-packaged and pre-labeled items has been taken by the GST Council as a member. “GST_Council exempts from GST, all goods specified within the record, when purchased free of cost, and never pre-packed or pre-labelled. They will not attract any GST. The choice belongs to @GST_Council and no one is a member. The solution is given below in 14 tweets.

“Not long ago, the GST Council in its forty-seventh assembly was really useful to reconsider the strategy of levying GST on pulses, cereals, flour, and many other specific food items. There are a lot of misconceptions about it that have come to the fore,” she noted, including a thread “keeping information”.

“Is this the first time such food items are being taxed? No, states have been collecting significant income from food grains within the pre-GST regime. Punjab alone collected an additional Rs 2,000 crore on food grains through procurement tax. UP collected Rs 700 crore,” Sitaraman mentioned in his tweet.

“Keeping this in mind, when GST was implemented, the GST price of 5 per cent on branded cereals, pulses, flour was made relevant. It was later amended to levy tax on only those goods which were purchased under the registered model or model on which the enforceable right was not waived by the provider,” said Sitharaman. Nevertheless, soon there was a “large-scale misuse of this provision” by reputed producers and model house owners and these things regularly led to a substantial fall in the GST income, the finance minister said.

“This was angered by the suppliers and trade associations who are paying tax on branded goods. He wrote to the government to levy GST uniformly on all packaged goods to prevent such misuse. This large-scale evasion in tax was also noticed by the states,” he said, adding that the fitment committee—which included officials from Rajasthan, West Bengal, Tamil Nadu, Bihar, Uttar Pradesh, Karnataka, Maharashtra, Haryana and Gujarat—remembered was also investigated. In many conferences on this topic and gave his suggestions for changes in the practices to prevent abuse. ,

Sitharaman said, “It has been determined that GST shall be applicable on these items if provided in “pre-packaged and labeled” items attracting the provisions of the Authorized Metrology Act. “It has been determined that the GST shall be applicable on these items if provided in “pre-packaged and labeled” goods attracting the provisions of the Authorized Metrology Act.

It should also be noted that the items specified below on record, when purchased free of cost, and never pre-packaged or pre-labelled, will not attract any GST, clarified the Finance Minister.

Here’s a Checklist of Gadgets That Will Appeal to GST If Offered Free

– pulses

– wheat

– rye

– Oat

– Maize

– rice

– Flour / Flour

– semolina/dance

– Gram Flour

– puffed rice

– Curd / Lassi

Unanimous option by GST Council, emphasis on FM

Nirmala Sitharaman in her tweets repeatedly emphasized that the decision to levy 5 per cent GST on these items was taken unanimously by the GST Council, which included ministers from several states, including the opposition states. “All states including non-BJP states (Punjab, Chhattisgarh, Rajasthan, Tamil Nadu, West Bengal, Andhra Pradesh, Telangana, Kerala) agreed with this decision. This proposal of the GST Council is once again by consensus.”

Additionally, the GoM that made these amendments really useful was made up of members from West Bengal, Rajasthan, Kerala, Uttar Pradesh, Goa and Bihar and was headed by the Chief Minister of Karnataka. It gave serious thought to this proposal, keeping in view the tax leakage, added the Finance Minister, who had earlier been beaten up by the opposition parties for imposing tax and thus burdening the wider man.

“To conclude: this resolution was very much needed to prevent tax leakage. It was thought through at various levels including by the officials, the Group of Ministers, and finally was really fruitful by the GST Council with the full consent of all the members,” Sitharaman argued.

Know all about latest information, braking informationwatch high movies And stay tv Right here.