Wednesday, August 23, 2017
ABOUT US CONTACT US ADVERTISE WITH US FOLLOW US ON    
 
Kashmir Times Logo www.kashmirtimes.com
Jammu Kashmir
No logic in opposing GST: Jitendra
ActIT Jammu, ASP.net Projects, Java, Vb.net, C# Training Jammu
NEW DELHI, Jun 18(Agencies): Union Minister of State in PMO Dr Jitendra Singh Sunday said that there was no logic in opposing GST and “those who oppose it, are doing so for motivations or extraneous considerations, either to continue to evade tax or to cater to the interests of a certain lobby.”

However, Dr Jitendra Singh said, “There may be doubts and clarifications about the procedural aspects of GST rollout from July 1 and these are being adequately looked into.”

He appreciated the cooperation from the union Ministry of Finance and the GST Council Secretariat in addressing some of the procedural issues raised in the context of Northeast, which includes, for example, internet connectivity, demand for relaxation for time limit for initial tax deposit etc.

Speaking to a number of delegations, who met him here today to discuss various aspects of GST rollout from July 1 and seek clarifications, Dr Jitendra Singh said, “Those who oppose GST or have reservations about it, must be made to understand that by doing so, they are doing a great disservice to the poor and the middle class of this country.” He said, “The matter of fact is that GST provides a big relief to small traders, small manufacturers , restaurants falling in that category etc by ensuring that any businessman or trader whose annual turnover is below Rs. 20 lakh need not pay any GST and and also need not register.” However, in case of Jammu and Kashmir, Northeast, Uttarakhand and Himachal Pradesh, the limit is Rs. 10 lakh, he added. Notwithstanding the possible inconvenience during the initial phase of rollout, Dr Jitendra Singh expressed confidence that in course of time, the "one tax one nation" initiative will not only bring in ease of business but will also help in reducing prices in the long run. “When more and more number of traders, businessmen and others, who were earlier not paying tax or evading tax, become regular taxpayers, this will help in enlarging the overall financial pool of the state exchequer. The money, thus supplemented into the regular legitimate circulation, will also help more liberal funding of the pro-poor schemes introduced by the Modi government,” he added.

At a different level, Dr Jitendra Singh observed, the GST roll out from July 1 marks the beginning of a new chapter in the history of independent India because it symbolises a giant leap forward towards federalism and also provides fiscal autonomy to the states.


News Updated at : Monday, June 19, 2017
 
Comment on this Story 
 
 
Top Stories of the Day  
Efforts to project threat to Yatra aimed at discrediting Kashmir struggle: Geelani
SRINAGAR, Jun 18: Hurriyat Conference (G) chairman Syed Ali Geelani today said that the media projection of terror threat to the upcoming Amarnath yatra is "a calculated move aimed at maligning and discrediting the political struggle of Kashmir". In a statement denouncing “misinformation campaign carried by India’s biased media,” Geelani said, “People in Kashmir while continuing with the age-old tradition of providing best hospitality to pilgrims have always been friendly and generous to visi
> Centre to provide all support to maintain peace in J&K: Rijiju
> 2 Pak diplomats missing in Afghanistan
> BJP activist killed in Pulwama
> `J&K govt to support family of slain cop Dar’
> Train services resume in Kashmir after 2 days
 
 
Other Stories from Web  
 
 
 
Find us on
 
 
Weather Report
 
Shridev Sharma
 
Mata Vaishnodevi | Matavaishnodevi | Mata Vaishno Devi
 
Electric Blanket | Electric Bed Warmers | Electric Under Blankets | Electric Heating Blanket
 
 
 
Web Design Jammu, Web Design Company, Ideogram Jammu
 
 
Home | Contact Us | Kashmir Times | Kashmir Times E-Paper - Jammu | Kashmir Times E-Paper - Srinagar | Dainik Kashmir Times | Jammu Prabhat
Copyright 2013 Kashmir Times Group. All rights reserved. Powered by Ideogram Technology Solutions Pvt. Ltd.