The GST Council starts two meetings today to discuss two plates, the tax reduction

The Tax Council of the goods and services started two meeting meetings in the new Delhi to discuss the two SLAB GST ratio, which continued with a 5% and 18% tax signs and 40% special tax signs of the center.

The proposal also includes the subtraction of 12% and 28% tax signs and shifts of goods to 5%, 18% and 40% signs.

Food, beverages, toilet materials used by the middle class, including almost all basic substances to 5% signs and automobile, insurance and cement, basic drugs and agricultural products in the middle class, farmers, enterprises before the festive seasons aimed at relieving two plates tax structure.
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The proposal is unanimously approved by all states, but very few opposition sovereign state, the states of the Council wants the states to consider the loss of income to the states, which will be discussed with Cess, which aims to eliminate the center until October.

The Council will also take into account structural changes, easy GST recording and repayment process, and pre -filled return forms to facilitate compliance. This will also increase the ease of making business and reducing the compliance load.

Income protection

Eight states in the opposition decision met immediately in front of the council meeting seeking income protection while supporting rationalization.

Eight states, including Himachal Pradesh, Jharkhand and Kerala, expressed concerns about potential income losses due to rationalization of ratio ratio ratio ratio in 1.5-RS 2 Lakh Crore.

Opposition states demand compensation for losses with extra taxation in tobacco and other sin goods.

Andhra Pradesh Prime Minister Chandrabababu Naidu said that they would alleviate the burden of the government and people, that they would revive the Indian economy and bring a positive change to people’s lives.