October 22, 2021, 1:32 pm


    details about 28th gst council meeting today!

    GST Council Meeting - 1

    Press Note of Sri Yanamala Ramakrishnudu, Hon’ble Minister of Finance& Planning, Commercial Taxes and Legislative Affairs, Andhra Pradesh on the 28th GST Council meeting held on 21st July 2018 in New Delhi:

    In the 28th meeting of GST Council in New Delhi, Sri Yanamala Ramakrishnudu, the Hon’ble Minister of Andhra Pradesh expressed the following views on the agenda items.
    On the proposal to reduce the tax rate of cut and worked up Kota stone, Sand Stone and similar quality of local stones from 18% to 12% with the purpose of avoiding classification disputes, the Hon’ble Minister stated that Andhra Pradesh supports the proposal to reduce from 18% to 12% but not on increase. The state opposes the increase in the rate of tax on the rough mined stone including Napa Slab stones from 5% to 12%.

    The Hon’ble Minister supported enhancing the limit of value of Footwear from Rs 500 to Rs 1000 for 5% rate. The Hon’ble Minister also supported to reduce 17 items used by middle class viz Paints, Refrigerators, washing machines, vaccum cleaners, storage water heaters, TVs up to 68cm etc from 28% to 18%.

    The Hon’ble Minister raised the issue of extending the benefit of notification No 14/2017 Central Tax Rate dated 28.06.2017, issued to Gram Panchayats to Municipalities under Art 243 W also. At present even though the taxable supplies are far less than the threshold of Rs 20 Lakhs, large number of Municipalities are compulsorily required to register under GST Act due to other exempted services. If the services provided as per Article 243W of the Constitution are treated as neither supply of goods or services, it will help the Municipalities The Hon’ble Minister supported the proposal to enhance the turnover limit from Rs 1.5 Crore to Rs 5 Crore for the purpose of filing Quarterly returns to facilitate small traders. This will reduce compliance burden on more than 90 percent of the tax payers in the State of Andhra Pradesh.

    The Hon’ble Minister stated that because of our efforts, the revenue gap of GST compared to VAT period at 14 percent growth rate is 2nd lowest in the country. However, our revenues are not sufficient to take care of the needs of the state. The Telangana state with 42% of population of undivided state of Andhra Pradesh, is getting Rs 1811 Cr average per month, because of Hyderabad city. However, the residual state of Andhra Pradesh, with 58% of population of undivided state is getting Rs 1512 Cr only, average per month. The state of Andhra Pradesh is not getting pre-bifurcation arrears due to the state from Telangana state.

    On the issue of devolution of Rs 1.16 lakhs of IGST accumulated at the end of the year 2017-18, treating it as funds of Consolidated Fund of India, Delhi and Pondhichery requested that they also should be given the IGST accumulated fund as their state tax payers also pay the amount to IGST. The Hon’ble Minister stated that some way out should be found to address the concerns of Delhi and Pandichery.

    Further, Tamil Nadu proposed that 90% of IGST accumulated every month should be settled provisionally, instead of doing it time to time. The Hon’ble Minister supported the proposal, provided IGST inflows and utilization reach stability.

    உடனுக்குடன் தினசரி தமிழ்ச் செய்திகளை உங்களது டெலிகிராம் ஆப்.,பில் பார்க்கலாம்!
    தினசரி செய்திகள் சேனலில் இணையுங்கள்!


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