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MESSAGE BOARD

   

Goods and Service Tax - Levy of additional Tax - A retrograde step


additional tax

This 1% additional tax is against the basic objective of introducing GST in India. This fact is recognized by The Empowered Committee and Ministry of Finance. As per Ministry Of Finance Web-site- Reduction of CST rate first from 4% to 3% & then from 3% to 2% has been done as a precursor to the introduction of Goods & Services Tax (GST), as CST would be inconsistent with the concept & design of GST. As per Empowered Committee web-site-For introduction of VAT/GST, phasing out of CST is necessary as it is a distortion under the VAT regime.
Solution: Common man shall avoid buying the goods bearing this extra burden.
M. K.Gupta


M K Gupta 24/07/2015

 

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