National
12%, 18% GST rates can be merged to new slab: Sushil Modi (Lead)
Kolkata, Dec 8 (IANS) Bihar Deputy Chief Minister Sushil Kumar Modi on Friday said the Goods and Services Tax (GST) Council, of which he is a member, would examine the possibility of merging the 12 and 18 per cent tax rates to a new slab, depending on the stabilisation of revenue.
Modi has also suggested it that price tags displayed on items be inclusive of all taxes.
“The GST Council will put an effort to examine the possibility of merging the tax rates of 12 per cent and 18 per cent to a new slab which will be in between the two tax rates. There are about 50 items in the bracket of the 28 per cent tax rate and the number of items can be reduced from the highest rate.
“All these can be implemented after stabilising of revenue and depending on tax buoyancy,” he said, while addressing an interactive session organised by the Bharat Chamber of Commerce here.
More than 90 per cent of issues related to tax rates have been resolved after the Council brought down 178 items from higher rates to lower one, he said.
“I have given a suggestion to the GST Council that final price tag on items should be inclusive of all taxes. I hope the proposal would be approved by the Council.”
Referring to the revenue growth of states after the implementation of VAT in the country, he said revenue for both the Centre and states would grow and the GST regime stabilises.
The council will consider bringing petroleum products, electricity duty and property stamp duty into the GST ambit, he said.
Acknowledging that the micro, small and medium enterprises (MSME) and the textiles sector have been facing most of the problems in the initial days of GST regime as they were exempted from paying taxes in the past under the VAT system, he said the council has been making efforts to address the problems.
Refuting the allegations that the GST Network system was slow and return filing became a daunting task from dealers, he said: “Despite teething problems, the issues relating to GST Network are reducing. The filing of 13 lakh returns per day would not be possible if the network runs slowly.”
He said the Group of Ministers appointed to oversee the function of GST Network would meet on December 16 with IT firm Infosys which developed the GSTN platform, to sort out the technical glitches of the system and to make it more user-friendly.
Modi said compliance issues in GST would be sorted out soon so that return filing would be easier.
–IANS
bdc/him/vm
Lucknow: Vishal Singh, a renowned social worker from Lucknow, also known as Foodman, has once again made India proud. He was honored by the Happy Hands Gloves Cooperative Limited Company in Korathai, Thailand, for his work with the Hunger Free World Mission.
The Hunger Free World Mission’s meeting was held in Korathai, Thailand, under Vishal Singh’s leadership. Representatives from several countries, including Mr. Raja Dwivedi (Managing Director of Happy Hands Gloves Limited), Thailand Coordinator Mr. Raja Mishra, and member Mr. Varun Singh, attended the event.
Under Vishal Singh’s leadership, the attendees took a pledge to work together toward creating a hunger-free world.
Speaking on the occasion, Vishal Singh explained that the main goal of the Hunger Free World Mission is social participation. He said the mission is not just about feeding people but also about meeting other basic needs of those who are struggling. The mission focuses on helping families of terminally ill patients in hospitals by providing food and shelter. It also works to fulfill essential needs like education, jobs, and care for the elderly.
For the last 16 years, the Vijay Sri Foundation has been providing free services, benefiting thousands of people. Vishal Singh highlighted that the mission aims to gain global recognition like other organizations such as WHO, WWF, and Red Cross, which work for social causes.
During this meeting, Vishal Singh was appointed as the Chairman of the Hunger Free World Mission by representatives from various countries. They also discussed holding regular meetings in different countries to push the mission forward.
Business tycoon Dr. Abhishek Verma has also supported this humanitarian mission, vowing to promote the idea of “Seva Parmo Dharma” (Service is the highest duty) worldwide. Vishal Singh praised him, stating that people like Dr .Abhishek Verma inspire others to work for the betterment of society.
Recently, Romania’s Ambassador, Mr . Daniela Sezonov Ţane, invited Vishal Singh to the Romanian Embassy in Delhi, where they discussed the mission in detail. Impressed by his humanitarian work, she honored Vishal Singh and invited him to Romania to take the mission forward .
Food man Vishal Singh has been serving the people of India for the past 16 years. Through the Vijay Sri Foundation, he provides free meals to cancer patients & their families ,shelter, and education for women & children along with running free old-age homes in Lucknow.
In addition to his humanitarian work, Vishal Singh also addresses issues like crime and corruption through his role as Chairman of Seva Path Media and Managing Director of Vijay Sri Foundation.
During the COVID-19 pandemic, Vishal Singh and his team worked tirelessly to provide food and help to the needy, including starving children, elderly citizens, and pregnant women. Despite contracting the virus himself, he continued to assist others after his recovery. He even created a life-saving oxygen regulator using household items, which was praised by doctors both in India and abroad.
In his address at the meeting, Vishal Singh spoke about his mission to create a hunger-free world. He pointed out that India’s large population, along with issues like unemployment and poverty, has caused the country to fall on the Hunger Index. He urged people to contribute just one handful of grains daily to help create a hunger-free world.
He concluded by saying that through social participation, we can empower the people around us, meet their basic needs, and work together to build a stronger, more prosperous, and developed society.
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