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GST refund delays brought on working capital constraints which hit exports in October

GST refund delays brought on working capital constraints which hit exports in October

GST Refund

The implementation and refund delays under Goods and Services Tax (GST) caused working capital constraints for firms, which in turn might have hurt their exports in October 2017, said a study by RBI staff. But various initiatives by the government since then appear to have significantly alleviated exporters’ concerns which got reflected in the exports growth pick up in November and December 2017, it said.

A 10% increase in the Working Capital/Sales ratio led to a 1.8% decrease in the exports growth according to the RBI staff study. Sectors with high working capital to sales ratio took the biggest hit in exports growth between March and October. For example- Petroleum and Gems and Jewellery have the highest working capital/sales requirement and they were hit the most during October. Meat, Dairy and Poultry on the other hand have low working capital requirement and saw one of the smallest decrease in exports growth.

GST implementation was marred by infrastructure snags and implementation delays, which led to changing the date of filing tax returns for July multiple times. As per the implementation of the tax regime, exporters were supposed to get 90% of the input tax (GST on supply of services or goods to a taxable person) refund within seven days of filing their returns. However, there had been significant delays in receiving the input tax credit which could have adversely affected the working capital of firms.

Also read: Filing GSTR-1 return using XaTTaX GST Software

The impact of the implementation issues is more evident and severe for the exporters, the study said. Prior to GST, exporters were upfront exempted from paying any duties. But under GST, they are required to first pay the tax and later claim refunds. This constrained their working capital, at least once after the regime switch, since exporters would have had to adjust to the new tax regime. Under GST, they can avail 90% of the input tax refund within 7 days, but only after the goods are exported out of India.

Post dismal performance of exports in October, November 2017 , exports jumped by 30.55% This is one of the highest growth rates observed in the exports in the last two years.The staudy attributed this to fast-tracking of GST refunds and exports sops and lower base of export growth in November 2016.

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Source :  The Economic Times
Impact of Goods and Services Tax (GST) on Union Budget 2018-19

Impact of Goods and Services Tax (GST) on Union Budget 2018-19

Impact of Goods and Services Tax (GST) on Union Budget 2018-19

Budget 2018-19 is the first Union Budget after the implementation of GST in July 2017. After the implementation most provisions of the Goods and Services Tax (GST) were tweaked and tax rates of numerous products were reduced in subsequent GST council meets which resulted in a sharp decline in government’s tax collection figures.GST replaced more than a dozen indirect taxes; these indirect taxes together formed a bulk of the government’s earnings. Service tax alone accounted for more than 14% of the government’s revenue in the last Budget in 2017. Thus fall is GST collection is a major cause for concern for the FM.Finance Minister Arun Jaitley who is also the GST Council Chief has stated that Budget 2018 will provide further opportunity for him to address issues related to GST and also to further tweak the GST rates. Almost every sector desires a rate cut in the GST rates but probably only a few of these expectations will be met on the budget day given the precarious fiscal situation that the FM has to deal with.

Effect of GST on Union Budget of India
One of effects of the GST on the union budget of India is that, now that the various indirect taxes are gone the manoeuvring space for the FM has reduced substantially. Before GST implementation in the Budget all the changes in the indirect taxes were contained in the Part B of the Budget that dealt with tax proposals. But now any decision regarding changes in GST rates is taken by the GST Council. Thus other than changes in the basic custom duties which are outside the purview of GST no big bang changes in the GST tax regime is expected. The FM is his Budget 2018 may state about foreseen changes but won’t be able to implement concrete changes through the Budget itself. Another effect of the GST on the Union Budget would be because after the implementation of GST the government’s revenue has been steadily declining which puts further pressure on an already strained fiscal deficit target of the government. Along with need for enhance public spending in various sector, the fall in GST collection throws up a difficult situation for the FM to tackle in the Budget 2018.

Challenges related to GST in Budget 2018
The most significant GST related challenge for the FM is to tackle falling GST revenues. The GST collections have been consistently going South since September. This is majorly due to cut in GST rates on many products and because of small businesses opting to file returns on a quarterly basis instead of initially proposed monthly returns. If the current trend continues the GST collection of the government would be below collection of indirect taxes in the pre-GST era, this will be a big jolt to the fiscal consolidation agenda of the Government. Thus the biggest GST related challenge before the FM is to improve GST collection through better compliance, technology and other means. Another challenge for the FM is to expand the GST base thus we could see some movement on this front too in the Budget 2018. Government may incentivise and offer concessions and rebates to honest tax payers and make evading GST more difficult. GST when introduced was supposed to be a user friendly tax regime hence further steps to simplify the GST system is also expected. The Budget 2018 may also be used to iron out some issues that are plaguing the GST regime such as export refunds that are stuck with GST department, technological bottlenecks and more.
Also read: 25th GST Council Meet:Rates revised for 29 goods, 53 services, says Arun Jaitley

GST related decisions expected in the Budget 2018
The major GST related decisions that may be unveiled in the Budget 2018 are bringing of the real estate sector under the purview of GST along with diesel, natural gas and gasoline. Although the FM cannot reduce the GST rates of the products in the Budget but he can announce the intention of reducing GST rates on products such as electric vehicles, agriculture related products used by farmers and others.  One of the GST related expectation from the Budget is that the limit of the composition scheme of GST which is currently 15 Lakhs can be increased to 30 Lakhs. Other GST related decisions on clarity of taxation on e-wallets, centralised registration for banks, insurance companies and financial institutions and also ending of certain restrictions on input tax credit is expected. A decision on single stage return filing by consolidating the three key return forms GSTR1, GSTR2 and GSTR3 to minimize compliance burden on small and medium businesses may also find mention in the FM’s speech on the that day.

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Source: Business Standard
GST: Five undue profiteering cases reported

GST: Five undue profiteering cases reported

GST: Five undue profiteering cases reported

There have been 5 complaints in Rajasthan against undue profiteering under GST. A four-member committee which was set up by the ministry of finance after GST was implemented to receive the complaints of undue profiteering by any entity under the GST regime has got these complaints.

These complaints from the state are part of 70 complaints which have been received by this committee across the country. The highest number of complaints has been received in Haryana with 45 number of complaints while Rajasthan along with Andhra Pradesh is on number two in the list with 5-5 complaints each.

Also read: GST made 2017 most significant year for economy since Independence

These complaints are now being examined by the state level screening committee. Interestingly, these complaints were received from only 11 states and the total number of complaints was 70. Rajasthan is one of these states in the list which includes apart from Rajasthan, Haryana and Andhra Pradesh, states like Jharkhand, Maharashtra, National capital territory of Delhi, Uttar Pradesh, Punjab, Kerala, Chattisgarh, and Tamilnadu.

While most of these states are considered more industrialize than Rajasthan, they all had complaints number less than Rajasthan.

Notably, section 171 of GST deals with rules related to anti-profiteering and a committee and the national anti-profiteering authority may determine the methodology and procedure for determination as to whether the reduction in rate of tax on the supply of goods or services or the benefit of input tax credit has been passed on by the registered person to the recipient by way of commensurate reduction in prices.

Also read: Collateral benefit: GST brings new businesses, innovation for Microsoft

The authority while examining the case may also order to reduce the price.

The complaints are currently being examined by the state level screening committee.

Screening panel

The screening committee may examine if the supplier has contravened the provisions of section 171, forward the application with its recommendations to the Standing Committee for further action.

The authority may also order to reduce the price.


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Source :  DNA
GST made 2017 most significant year for economy since Independence

GST made 2017 most significant year for economy since Independence

GST

The 70th year since Independence will go down in Indian history since the country switched over to the Goods and Services Tax (GST) regime, realising, thereby, the vision of a unified market in a federal system that guided the nationalist bourgeoisie in joining Mahatma Gandhis struggle to liberate India from the British.

Of course, the structural reform came accompanied with pain for trade and industry caught off-guard by the rigours of new compliance procedures. Queried by corporate leaders at industry chamber Ficci’s 90th AGM here earlier this month on how GST was impacting through lower tax collections, Finance Minister Arun Jaitley put the onus on them.

“It is you from industry, who have been calling for so long to bring GSTA… and no sooner do these initial problems in implementing a reform of such scale appear, then you want to go back to the system we’ve had for 70 years,” he said.


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The earlier system was a myriad of central and state taxes where the movement of goods was slowed down by products being taxed multiple times and at different rates.

State level taxes replaced by the pan-India GST include state cesses and surcharges, luxury tax, state VAT, purchase tax, central sales tax, taxes on advertisements, entertainment tax, various forms of entry tax, and taxes on lotteries and betting.

Central taxes replaced by GST are service tax, special additional customs duties (SAD), additional excise duties on goods of special importance, central excise, additional customs duties, excise on medicinal and toilet preparations, additional excise duties on textiles and textile products, and cesses and surcharges.

The new indirect tax regime unifying the Indian market has four tax slabs of 5, 12, 18 and 28 per cent.

It has a novel feature whereby goods and services providers get the benefit of input tax credit for the goods used, effectively making the real incidence of taxation lower than the headline taxation rate.

Also read: Collateral benefit: GST brings new businesses, innovation for Microsoft

The second half of the year saw a radical reworking of the items within the four-slab tax structure by the supremely federal institution of the GST Council, whereby all but 50 of over 1,200 items remained in the highest 28 per cent bracket. Those retained included luxury and sin items, the cess on which goes to fund the compensation to states for the loss of revenue arising from implementing GST.

With the Council’s decisions last month, GST has been cut on a host of consumer items such as chocolates, chewing gum, shampoos, deodorants, shoe polish, detergents, nutrition drinks, marble and cosmetics. Luxury goods such as washing machines and air conditioners have been retained at 28 per cent.

Eating out has become cheaper as all restaurants outside high-end hotels charging over Rs 7,500 per room will uniformly levy GST of five per cent. The facility of input tax credit for restaurants has, however, been withdrawn as they had not passed on this benefit to consumers.

Petroleum, including oil and gas, is a strategic sector that is still not under GST, while the industry has been pushing for its inclusion so as not to be deprived of the benefits of input credit.

Including real estate is another matter pending before the GST Council.

On the functioning of the Council, Jaitley who is its head, had this remarkable insight about the way in which it had effected such large-scale rationalisation of the item rates in a short span of “3-4 months”.

“Everything has been achieved by consensus in the best spirit of cooperative federalism. There has been no politics, even from states which are controlled by opposition parties,” he told a gathering of industry leaders here.

The other side of GST was revealed through what the International Monetary Fund described as “short-term disruptions”.

With businesses going into a “de-stocking” mode on inventories in anticipation of the GST rollout from July and sluggish manufacturing growth, among other factors, pulled down growth in the Indian economy during the first quarter of this fiscal to 5.7 per cent, clocking the lowest under the Narendra Modi dispensation. Breaking a five-quarter slump, a rise in manufacturing sector output, however, pushed the growth rate higher to 6.3 per cent during the second quarter (July-September) of 2017-18.

Besides, technical glitches appearing on the GST Network portal, often unable to take the load of last-minute rush to file returns, marred the filing of returns by traders, forcing the government to postpone filing deadlines several times. The glitches also led to export refunds piling up, resulting in a grave situation of cash crunch for exporters, whose working capital was getting blocked.

In the final analysis, the GST balance sheet is provided by Gita Gopinath, Professor of International Studies and Economies at Harvard University, who is also the economic adviser to the Kerala Chief Minister.

“GST is a real reform. It is a way of formalising the economy. It is a very effective way of ensuring tax compliance, making it harder to earn black money. I mean, nothing ever goes away completely, but it just makes it harder to make it happen,” Gopinath said in Mumbai earlier this month.

The icing on the cake came with the World Bank announcing earlier this year that India had jumped 30 places in its Ease of Doing Business rankings to get among the top 100 countries on the list. Though reforms in India’s direct tax regime figured among the parameters considered in evaluation, GST had not been taken into account by the multilateral agency since their cut-off date was June 30.


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Source :  The Times of India
GST collections fall further to Rs 80,808 crore in November

GST collections fall further to Rs 80,808 crore in November

GST Collection Nov

The Goods and Services Tax collection in November fell further down to ₹80,808 crore from ₹83,346 crore in October, according to official data released on Tuesday.

“The total collection under the GST for November has been ₹80,808 crore till December 25, 2017,” the government said. “99.01 lakh taxpayers have been registered under the GST till December 25, of which 16.60 lakh are composition dealers who are required to file returns every quarter. 53.06 lakh returns have been filed for November till December 25.”

The government collected ₹92,283 crore in July, ₹90,669 crore in August, and ₹92,150 crore in September.

falls further GST Collection

Of the ₹80,808 crore collected in November, ₹13,089 crore is under the Central GST (CGST), ₹18,650 crore under the State GST (SGST), ₹41,270 crore under the Integrated GST (IGST) and ₹7,798 crore from the compensation cess.

Tax experts say the fall in the collection is along expected lines, due in part to the large number of rate reductions that came into effect on November 15. They reckon that the collection will improve from January.

“The dip in collection for November is on expected lines, as the rates of over 175 items were reduced from November 15 and refunds to exporters started recently,” Pratik Jain, leader, Indirect Tax, at PwC India, said in a press note. “Even for December, there could be an impact of the opening credit claim for which the last date is December 27. From January, the collection should stabilise.”

“There are reasons. First, the reduction of rate and the second, utilisation of credits,” Abhishek A. Rastogi, Partner, Khaitan & Co., said. “The right number will be reflected in the last quarter of 2017-18, or maybe the first quarter of the next financial year. The reduction was expected, and the government had done these calculations. It is hoped that the level of compliance improves further so that the revenue is back on track.”

Others point to more systemic problems in the GST implementation, highlighting that the GST Council had deferred the filing of the GSTR-2 and GSTR-3 forms, and taxfilers were wary of the GST Network portal, which had been hit by glitches initially. “The government has suspended GSTR-2 and GSTR-3 owing to the difficulties in invoice-matching and the date for GSTR-1 has been extended several times,” said Ansh Bhargava, head, Growth & Strategy, Taxmann. “These extensions granted by the government have caused a negative message in the minds of taxpayers that due to the technical glitches, the GST Network is not ready to keep a check of faulty taxpayers.”

Mr. Bhargava said that since the simplified GSTR-3B form was on the basis of self-assessment, businesses might not report accurate figures, and this could have contributed to the lower collection.


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Source: The Hindu
In GST regime, Odisha will restore sops for manufacturers

In GST regime, Odisha will restore sops for manufacturers

In GST regime, Odisha will restore sops for manufacturers

The Odisha government will soon restore incentives to manufacturers on the lines available prior to the rollout of Goods and Services Tax (GST) regime, a top State Government official said.

Indications are that the new incentives will be patterned on the Value Added Tax-refund scheme that was prevalent prior to July 1, when GST was introduced.

“The proposals for the fiscal incentives are in their final stages and will be ready by this month end. Odisha used to offer a refund of 75 per cent of the VAT paid before the GST regime to manufacturing industries. We will have to substitute the reimbursement through an appropriate mechanism,” Sanjeev Chopra, Principal Secretary, State Industries Department, told BusinessLine.

“The total amount of refund was capped at 200 per cent of the investment on machinery over 7 years for priority industries and 5 years for the rest,” Chopra added.

The incentives will come out of the State Goods and Services Tax (SGST) collections to encourage setting up of manufacturing centres, Chopra had said in an earlier interview.

Area-based excise exemptions given to the industry by the North-Eastern and hill States, including Uttarakhand, Himachal Pradesh and Jammu and Kashmir, were to shrink considerably under the GST regime. Though the Cabinet Committee on Economic Affairs had extended the area-based tax breaks for residual 10 years in August, this was largely limited to hilly states.

But these exemptions are not the only measures adopted by Odisha that is going for the assembly elections in 2019.

Chopra said, “We have launched the GO-SWIFT (Government of Odisha – Single Window for Investor Facilitation & Tracking) portal. This is an end to end single window clearance portal we have launched to aid setting up businesses in the state.” “Inspection reports are uploaded on this portal within 48 hours. It also allows paying dues and raising complaints,” he added.

Commenting on the recent approvals for projects in the state, Chopra said that Sajjan Jindal controlled JSW Group has got the approval for a 12-million-tonne-steel-plant in the State. “The land assessment for the project is being done now. The ground breaking can be expected in the next 3-4 months.”

Source :  The Hindu Business Line
Government hints at reviewing rates in top GST bracket

Government hints at reviewing rates in top GST bracket

Here's how much the govt panel recommends lowering of GST rates for SMEs

After slashing the GST rates of over 200 items last month, the government on Saturday hinted at reviewing levies on the items in the top 28 per cent tax bracket.

On November 10, the GST Council, headed by finance minster Arun Jaitley, had lowered Goods and Services Tax  rates on over 200 items, ranging from chewing gum to chocolates, to beauty products, wigs and wrist watches.

As many as 178 items of daily use were shifted from the top tax bracket of 28 per cent to 18 per cent, and a uniform 5 per cent tax was prescribed for both air-conditioned and non- AC restaurants.

“We have already reduced GST slabs of 12 per cent to 5 per cent and 5 per cent to zero per cent (on six items). Going forward, we may look at reviewing the 28 per cent slab,” Union minister of state for Finance Shiv Pratap Shukla said at an event here this evening.

The GST Council had also pruned the list of items in the top 28 per cent slab to just 50 from 228 earlier.

Following this major rejig in GST rates, Jaitley had hinted at a further scope for rationalisation of rates.

“In four months, we have rationalised the 28 per cent slab. Such rationalisation (will happen in future) depending on revenue buoyancy,” Jaitley said at an event last month.

Shukla said by March next year, the government will ensure that all the processes under the GST are simplified.

The goods and service tax, a landmark tax reform which subsumed a host of central and state levies, came into force on July 1.

Source: Business Today
Govt records highest GST filing in October, Punjab tops the list in compliance

Govt records highest GST filing in October, Punjab tops the list in compliance

All eyes are on GST as Centre plans better social pension

The Goods and Services Tax (GST) Council’s efforts to sort out the sundry issues plaguing taxpayers during the initial rollout and the steady reduction in tax rates seems to be paying off in terms of compliance and tax collections. As many as 43.67 lakh businesses have filed the initial GSTR-3B returns for October, the highest monthly return filing within due date since the new tax was introduced on July 1, according to a GST Network statement. That’s around 56% of the registered taxpayers. Punjab saw over 73% taxpayers filing GSTR-3B returns, the highest among all the states.

In fact, there has been a steady increase in the number of taxpayers filing the initial sales return. Over 39 lakh returns were filed within due date for September compared to 28.46 lakh for August. This can be attributed to two major factors. “One is greater awareness and the fact that GSTR-3B is a simpler form. The second is that the GSTN portal has been performing much better, especially [for] GSTR-3B and GSTR-1,” said Pratik Jain, leader, indirect tax, PwC India in a quote to The Hindu. Incidentally, GST registrations overall has crossed 11 crore from around 60 lakh in late August.

Of course, given the typical Indian mindset of dithering till the last minute, November 20-the last date for filing the summary returns for the previous month without interest-saw over 14.7 lakh taxpayers log into the GST Network portal; a new record for maximum returns filed in a single day.

“But the gap between eligible taxpayers and those filing returns by the deadline has continued to hover around 30 lakh, which would be a concern for the government,” said Abhishek Jain, tax partner, EY to The Financial Express. Nonetheless, the numbers should fan the government’s confidence that GST will widen the tax base and yield higher revenue than ever before.

 


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Source :  Business Today in
Finance minister Arun Jaitley hints at further trimming of GST

Finance minister Arun Jaitley hints at further trimming of GST

Arun Jaitley : GST

Finance minister Arun Jaitley on Monday hinted at further rationalisation of goods and services tax (GST) rates, while slamming opponents who have been advocating a shift to a single-rate regime, in what was seen as a rebuff to Congress vice-president Rahul Gandhi.

“Rationalisation process in a transition (phase) will continue… Such rationalisation in future will depend on revenue buoyancy,” the finance minister said.

On Friday, the GST Council, led by Jaitley, slashed rates of over 200 items with the levy on 176 reduced from 28% to 18%, leaving just 50 in the highest slab. While state FMs have said this list will be pruned further, a change in lower slabs of 12% and 18% is also on the cards in the coming months.

Jaitley has repeatedly said over a period of time, these two rates will converge into one, something he reiterated on Monday but linked it to tax buoyancy.

Jaitley hopes GST rate cuts will reduce inflation

In what seemed to be a response to Rahul Gandhi’s claim+ that Congress will shift all products to a single bracket, Jaitley said: “Those who are speaking of a singlerate GST have no understanding of the tariff structure… they do not have elementary understanding of goods & service tax.”

With the rate cuts, the government is expecting the gains on a host of products — from cosmetics and razors to washing powder — to be passed on to consumers.

Jaitley said GST has brought down inflation. “This actually reduces inflation. This is one of the advantages of a more efficient tax system… Effectively, today, almost all items in the goods category are better off than they were prior to July 1,” he said.

The minister said that including central excise, state VAT and central sales tax, the levy on several items added up to 31%, which was reduced to 28% when GST was launched. Elaborating on it, he said the process of reduction in the top slab was under way since August. “This is a threefour month exercise… These are all consensus decisions of the GST Council and process started after GST implementation. It is juvenile politics+ to link it with either elections or political demands,” the minister said.

Also Read: GST Council prunes list of goods to be taxed at 28% to 50

He said the GST Council had opted for a structure where food items were exempted, while aam aadmi products were kept in the lowest bracket of 5%. “Wheat, rice or sugar can’t be taxed at the same rate as a Mercedes (car) or a yacht or tobacco. So, rates will have to be different.” In recent tweets and public meetings in Gujarat, Gandhi has talked about Congress reducing rates to under 18%, something that has been repeated by some of his party colleagues.

Jaitley said revamped filing mechanism that has been put in place, will ease the burden on taxpayers and going forward he wants the system to settle and apprehensions to disappear.


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Source :  The Times of India
Next step in GST recast: Lower end of tax slabs

Next step in GST recast: Lower end of tax slabs

Next step in GST

The next rejig of goods and services tax  (GST) will likely focus on the lower end of the rate slabs, as the country seeks to further streamline the structure by converging multiple rates into two or three. It will happen after the regime settles down and there is more clarity on revenue following the recast last week.

implification of laws, rules and procedures in line with industry’s feedback is also likely to top the GST Council’s agenda in the next few meetings.

The rates on some items such as cement and paint, still left at the highest rate of 28%, could be brought down if tax revenue remains robust.

A top official with a state government said the focus would now be to recast the lower 12% and 5% rate slabs.

Other issues to be considered by the council are inclusion of real estate and petroleum products under GST.

The government has set up a group with industry representation to review the tax regime, which has since its July 1 launch been criticised for having too many rates and being burdensome to comply with.

Also Read: Six Things You Must Know About the New GST Rates 

The latest recast, decided at a GST Council meeting in Guwahati last week, has seen the 18% rate emerging as the dominant slab with nearly half the goods, apart from most of the services, now taxed at that rate.

GST Councile meet towards better gst

The Guwahati meeting decided to move 178 items to the 18% rate from 28% and cut the GST on eating at restaurants to 5% from Monday, in a decision that would reduce tax revenue by Rs 20,000 crore.

It may have been possible to move some more goods to the 18% slab from 28%, but that would have resulted a bigger revenue loss. Officials said cement and paint alone would have cost the government more than Rs 20,000 crore had the two been moved a slab lower.

“We need revenue as well,” said the state government official.

But eventually, the 28% slab would be left with very few items, mostly in the luxury and sin-goods category.

Also Read: GST Council prunes list of goods to be taxed at 28% to 50

Other increasingly common-use items that are still in the 28% slab include air conditioners, refrigerators, washing machines, vacuum cleaners and digital cameras. In all, more than 50 items still remain on the 28% list.

A committee headed by chief economic adviser Arvind Subramanian had suggested a revenue-neutral rate of 15-15.5%, with a strong preference for the lower end of that range. It had recommended a standard rate — for services and most goods — of 17-18%, high or non-GST excise rate of 40% for items such as luxury goods and tobacco, and a low rate of 12% for essential goods.

With the latest recast, the rates have moved closer to this structure.

further recast of the 5% rate, moving some up to 12% and scrapping the tax on others will further simplify the GST structure.

Lesser rates will bring stability to the overall tax regime, said experts.

“GST needs to be a simple, transparent and stable tax system. Multiple rate slabs result in classification disputes as businesses attempt to classify their products in lower slabs,” said Pratik Jain, indirect taxes leader, PwC.

In most countries, including Australia, Malaysia and Singapore, there is one standard rate, or at best a lower rate in addition to a standard rate. “Single rate will remove complexity from the structure as also alleviate revenue concerns,” said Bipin Sapra, partner, EY.

CONGRESS RAISES PRESSURE 

Congress vice-president Rahul Gandhi in a tweet demanded that petroleum products and LPG cylinders be brought under GST.

He said the government should have a single rate that should not be more than 18%, and remove GST on products that the common man uses.

A day ahead of the council meeting in Guwahati, Congress-ruled states had demanded complete revamp of the GST structure.

Source :  The Economic Times