-The Times of India BATHINDA: Fertilizer and pesticide dealers of Mansa and Barnala districts pulled down the shutters on Tuesday to protest against the imposition of Goods and Services Tax (GST) from July 1. Moreover, seven farmer outfits have also convened a joint meeting on June 30 to decide a course of action in the wake of the new Taxation policy. With the GST coming into force, fertilizers, which are currently exempt...
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From plate to plough: Farm and the tax -Ashok Gulati & Siraj Hussain
-The Indian Express A smooth GST regime can break inter-state barriers on movement and facilitate direct linkages between processors and farmers After more than a decade of intense discussion and debate, the GST is finally becoming a reality. Although in its current form, it is not as perfect as was originally envisaged, yet it is being lauded as one of the most transformational reforms since 1991. Finance Minister Arun Jaitley was humble...
More »Colouring books taxed, 'not porn'
-The Telegraph New Delhi: An umbrella organisation of publishers of educational books has pointed out that a 12 per cent tax has been levied on children's colouring books whereas "semi-pornography" books have been exempt under the goods and services tax, drawing attention to the perceived contradictions in the new levy regime. "Semi-porn for free, but pay for colouring books," the Federation of Educational Publishers in India (FEPI) has titled its short media...
More »Can we measure demonetisation's impact on income tax collections? -Roshan Kishore
-Livemint.com One-off gains from Income Disclosure Scheme 2016 call for scepticism about any immediate claims of demonetisation having widened India’s income tax net News reports have quoted government officials making claims about a record increase in the number of income tax payers in 2016-17. Should such claims be seen as a success of demonetisation in forcing unscrupulous individuals to become a part of income tax net? An analysis of direct tax collection...
More »GST rates announced; milk, cereals to be exempted -Yuthika Bhargava
-The Hindu 81% items to be taxed at below 18% The Goods and Services (GST) Council on Thursday agreed on the fitment of almost all commodities in the various tax slabs under the new indirect regime to be rolled out on July 1. Milk, cereals (unpackaged and unbranded), and jaggery will be exempt from any GST, while sugar, tea, coffee (except instant), and edible oil will be taxed at 5%. Common use items...
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