Comments
The Tamil Nadu Foodgrains Merchants Association has pleaded for the announcement of a Samadhan a scheme as in Kerala. In a pre-budget memorandum submitted recently to Mr ‘Agri' S.S. Krishnamoorthy, Minister for Commercial Tax, the Association has said that the scheme should be without fixation of a time frame in respect of all taxes due, payable under the old TNGST act and tax dispute cases whether filed by party or by the Government.
It has further sought suitable amendment, reducing the burden in respect of the amount to be paid by traders in case of disputes; implementation of Goods & Service Taxes (GST) Act only in cases where State's Autonomy and rights on tax is not eroded and tax rates remain lower; withdrawal of the Excise duty levied by the Union Government, prior to the introduction of GST; introduction of an amendment to Sec 19(4) of Tamil Nadu Value Added Tax accommodating permission of internal tax credit above 2 per cent instead of 3 per cent as is at present; introduction of a new taxes rate of 8 per cent between 5 per cent and 14.5 per cent and inclusion of all 14.5 per cent taxed items of daily consumption of people in the newly created 8 per cent, and so on.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.