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Windfall tax on corporations goes as 5% GST on food items kicks in -Prasanna Mohanty

-Cenfa.org In continuation of its pro-corporate and anti-poor tax policy, the Centre imposes tax on the common man battling hunger and inflation while sparing corporates making windfall gains and record profits In keeping with its anti-people and pro-corporate tax policy, the Central government withdrew the windfall tax on oil exports on July 19th – 19 days after it was imposed – with effect from July 20. This comes a day after a...

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Traders’ body pitches for withdrawal of 5% GST on unbranded foodgrains

-Livemint.com The CAIT has urged the states to call an emergency meeting of the GST Council immediately to decide on the withdrawal of the tax on these items Bengaluru: The Confederation of All India Traders (CAIT) on Wednesday wrote to chief ministers and finance ministers of all states demanding the withdrawal of the 5% goods and services tax imposed on unbranded foodgrains and other items that came into effect from Monday.  The association...

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Traders to hold nationwide protest against hike in taxes

-The Telegraph PM Modi’s Gabbar Singh Tax is the best example of his modus operandi — talk big, and when it’s time to act, make things worse: Congress Traders and shopkeepers will hold a nationwide protest next week against a hike in taxes on a range of products, including food grains and household items, and services that kicked in from Monday. “The 5 per cent goods and services tax on a range of...

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Rice price may go up by Rs 5/kg due to 5% GST

-The New Indian Express Based on the recommendation of the GST Council, the Centre has issued notifications bringing essential commodities including rice and maize under 5% GST slab from July 18. MADURAI: The decision of the Union government to levy 5% Goods and Services Tax (GST) on packaged food may increase the price of rice by a minimum of Rs 3 to Rs 5 per kg from Monday, Tamil Nadu rice mills...

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GST on Dairy Products a ‘Death Warrant’ for Small Farmers, Say Farmers’ Organisations -Ravi Kaushal

-Newsclick.in "The recent changes in GST will not benefit primary producers or consumers who are already reeling under high inflationary pressure," said Ashok Dhawale. Coming down heavily on introducing the Good and Services Taxes (GST) on dairy products, the farmers' organisations on Saturday said that it would prove to be a “death knell” for small dairies and farmers who have been barely managing the rising input costs.  Ashok Dhawale, President, All India Kisan...

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