News Article of Business Standards, regarding the GST on daily use items.


News Article of Business Standards, regarding the GST on daily use items.
195 Views
|
Friday, July 22, 2022
|
View All News

Dear all,

Your association SIMA is forwarding herewith a News Article of Business Standards, dated 20/07/2022 regarding the GST on daily use items.

As per the article, Finance Minister Nirmala Sitharaman on Tuesday said the 5 per cent tax is being levied on wheat flour and other items after nod from all states, including nonBJP ruled states. Non-BJP ruled states of Punjab, Chhattisgarh, Rajasthan, Tamil Nadu, West Bengal, Andhra Pradesh, Telangana and Kerala had agreed to impose the 5 per cent levy, she said…..FOR MORE DETAILS, PLEASE CLICK HERE.

Union Finance Minister Nirmala Sitharaman said that mass consumption items such as pulses, wheat, rice, flour, and curd will not attract the 5 per cent goods and services tax (GST) when sold loose, and not pre-packed or pre-labelled. The clarification came amid protests and widespread criticism by Oppo¬sition Members of Parliament over foisting GST on daily-use essentials and subsequent price rise……. FOR MORE DETAILS, PLEASE CLICK HERE.

The all-powerful GST Council, chaired by the Union minister, had last month decided to impose GST on some mass consumption items to simplify the rate structure, which came into effect on Monday.

Thanking You,
With regards,

For Silvassa Industries & Manufacturers Association

Narendra Trivedi
Secretary


Other News by SIMA