Track Nation Next on Social Media

Business

CAMIT seeks Deputy CM Fadnavis’ intervention in new GST policy by Central Government

CAMIT President Dipen Agrawal (L) during his meeting with Maharashtra Deputy CM Devendra Fadnavis

CAMIT President Dipen Agrawal (L) during his meeting with Maharashtra Deputy CM Devendra Fadnavis (R) regarding the new GST policy

Dr Dipen Agrawal, President, CAMIT (Chamber of Associations of Maharashtra Industry & Trade) recently met Maharashtra Deputy CM Devendra Fadnavis to submit a memorandum seeking his intervention in the matter of the new GST policy, which enforces 5% tax on pre-packed and labelled food grains like pulses, flour, cereals and other edible items.

Dr Agrawal, informed Devendra Fadnavis that upon conjoint reading of the provisions of Legal Metrology Act (LM Act) and Rules it can be understood that if goods are placed in package in absence of purchaser and in pre-determined quantity (as stipulated under Rule 5 r/w Schedule II) then only the goods shall fall under the definition of pre-packed commodities and attract the requirement of declaration u/s 18 of the Act. The FAQ issued by administration is silent on this inconsistency between Rule 3 and Rule 26 of the Legal Metrology (Packaged Commodities) Rules, 2011.

Dr Agrawal explained to Fadnavis that the objectives of the LM Act is to protect the interest of consumers. The LM Act stipulates that every pre-packaged commodity has to be manufactured, packed, imported or sold in such standard quantities or numbers as may be prescribed, if the consumer is not present while goods are placed in the package. The LM Act exempts from its ambit the packing of goods by the seller in presence of the consumer, presumably because the consumer is deemed to have taken care of the quality and quantity of the goods packed in his presence. However, under GST in addition to seller and purchaser the revenue department is also a stake holder. Hence, the satisfaction of revenue officer that goods were packed in presence of purchaser and not in his absence shall give birth to endless litigation.

The then Finance Minister late Arun Jaitley in press briefing, after first day of 14th GST Council meeting in Srinagar, said that out of 1211 items 50% (fifty percent) of items in the retail inflation basket won’t be taxed in order to protect consumers from price rises on basics such as food grains. Dr. Agrawal, brought in Dy. CM’s attention that since independence no government has ever earned revenue by taxing the subsistence consumption of its citizens. The tax on such consumption is against the ethos of welfare state.

Dr Agrawal informed that resentment among the farmers, business community and citizens is alike. There is confusion all over. Traders will be burdened with GST compliance. Farmers fear reduction in realisation. Citizens who are already facing the heat of inflation fear further dent in their household budget. Dr. Dipen requested to Devendra Fadnavis, Dy. Chief Minister, Maharashtra to intervene in the matter and to use his good office with union government / GST Council to impress them to revisit and recall the decision to levy 5% GST on pre-packed and labelled food grains instead of levy of GST on branded food grains.

Deputy CM Devendra Fadnavis after patiently hearing the issues raised assured to take up the matter with central leadership of party and union government for resolution in the best interest of all stakeholders.

Continue Reading
Click to comment
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

Nagpur News

September 30, 2022 | Nagpur News | नागपुर समाचार | Hindi News Bulletin | Nation Next

Published

on

By

Avani Arya | Nagpur

September 30, 2022 | Nagpur News | नागपुर समाचार | Hindi News Bulletin | Nation Next

Also Read: Nagpur citizens to revel The Raaas Garba next year!

Continue Reading

Home Slider

Mesmerising sunset hues at Ramtek’s Ambala Lake in Nagpur

Published

on

By

Akshara Rohankar | Photographer : Bhavesh Mahalle | Nagpur

Ambala Lake in Ramtek city wore a dazzling look at the golden hour of sunset. The verdant surrounding of the lake flanked by the old and famous Shiv temple, lends a soothing and religious aura to the city known for its old heritage and mythological significance.

Also read: When Lata Mangeshkar got offended by Dilip Kumar and didn’t speak to him for 13 years

Continue Reading

Remembrance

Lata Mangeshkar’s 93rd birthday anniversary: Life story of ‘nightingale’

Published

on

By

Avani Arya | Nagpur

Today would have been late singer Lata Mangeshkar’s 93rd birthday. The ‘Queen of melody’ passed away on February 6, 2022. On her birth anniversary, Nation Next brings you her life story.

Also read: When Lata Mangeshkar got offended by Dilip Kumar and didn’t speak to him for 13 years

Continue Reading
0
Would love your thoughts, please comment.x
()
x