Friday May 25, 2018
Home Lead Story People solidl...

People solidly back demonetisation, will hold Congress accountable on GST: BJP

0
//
20
BJP supporters during a rally.
BJP supporters during a rally. IANS
Republish
Reprint

New Delhi, October 30: The BJP on Monday hit back at Congress Vice President Rahul Gandhi for attacking demonetisation and GST, saying people were “solidly standing” with the Narendra Modi government on the decision to junk high currency notes and GST is the best thing to have happened in tax administration in seven decades.

BJP spokesperson G.V.L. Narasimha Rao also took a personal dig at the Congress Vice President over his remarks on GST, saying that when it “becomes a joke when he tries to become an intellectual”.

He said the people had given the Congress “a resounding slap” when they tried to make demonetisation a poll plank in the Uttar Pradesh and Uttarakhand assembly polls and if they seek to do it again, then people will give them a “befitting reply”.

Accusing the Congress of not acting against black money during all its time in power, he said it was instead opposing Modi’s steps against black money and tax evasion.

Terming the government’s steps in the “national interest”, he said people were “solidly standing” with Modi’s “cleaning up exercise” and accused the Congress of opposing any attack on assets abroad or money laundering since their leaders were involved in it.

He also mocked the Congress and other opposition parties’ decision to mark November 8, the demonetisation decision was announced by the government last year, as a “Black Day”.

“The more Congress tries to really cry about demonetisation, it will expose itself to the people and we are happy with this brazen, shameless public support for black money by the Congress,” he said.

On GST, Rao said Congress supported it in parliament and also claimed it was an initiative worked upon during the UPA government, while their state governments supported every decision regarding GST be it in terms of rates and commodities covered.

“It is the height of hypocrisy for the Congress to claim that Congress party is not a party to GST. It only shows their lack of willingness to accept reality. The Congress cannot run away from it. We will hold them accountable,” he said, adding that the BJP believes that GST is the “best thing that has happened to this country in seven decades”.

Congress Vice President Rahul Gandhi on Monday described demonetisation as an “out and out disaster” and said that GST was a “torpedo” which destroyed the economy.(IANS)

Click here for reuse options!
Copyright 2017 NewsGram

Next Story

GST Council to Introduce New Method of Return Filing in Six Months

"The committee will examine how these contingencies to be addressed by the GST regime. Its constitution will be announced in the next two days," he said.

0
//
20
The GST Council on Friday decided to roll out in six months a new method of filing monthly returns and to take over ownership of the GST Network (GSTN), even as it deferred a decision on imposing a sugar cess and allowing an incentive for digital payments.
GST in India, Wikimedia commons

The GST Council on Friday decided to roll out in six months a new method of filing monthly returns and to take over ownership of the GST Network (GSTN), even as it deferred a decision on imposing a sugar cess and allowing an incentive for digital payments.

Briefing reporters here following the 27th meeting of the GST Council, the Chairman and Union Finance Minister Arun Jaitley said the Council had decided to set up two separate groups of five Finance Ministers of states to give recommendations both on the imposition of a cess on sugar as well as a 2 per cent incentive for making payments digitally.

“The GST Council discussed the change in ownership structure of GSTN. As per the original structure of GSTN, 49 per cent is held by the government and balance 51 per cent by other entities,” Jaitley said.

“I had made a suggestion that this shareholding of 51 per cent should be taken over by the government and divided equally between the states and the Centre.

“Eventually, the central government should hold 50 per cent and states will hold 50 per cent collectively. The collective share of states will be pro-rata divided among them per their GST ratios,” he added.

The GST Council on Friday decided to roll out in six months a new method of filing monthly returns and to take over ownership of the GST Network (GSTN), even as it deferred a decision on imposing a sugar cess and allowing an incentive for digital payments.
GST Filing, Pixabay

Noting that sugarcane farmers are in deep distress due to rise in costs, Jaitley said the Council decided to constitute a group of five ministers within two days to make a recommendation on ways to meet contingency arising when the cost of a commodity is higher than its selling price. The committee will submit its report within two weeks keeping in view the urgency of the matter, Jaitley said.

“The committee will examine how these contingencies to be addressed by the GST regime. Its constitution will be announced in the next two days,” he said.

A separate group of five ministers from states will be constituted in two days to recommend a 2 per cent concession, subject to a ceiling of Rs 100 per transaction, to consumers if they pay through digital modes. This report will be submitted before the next GST Council meeting.

“The issue before the council as whether on digital payments through either the banking mode or the cheque mode or any form of digitised mode, a two percent incentive should be given to those who pay entirely through digitised mode. This would be subject to a cap of Rs 100 per voucher and would not apply to the composition dealers,” the Minister said.

Also Read: To Review The Existing Framework of MIIs, SEBI Puts Forward Higher Regulatory Requirement

The Council on Friday also approved the new simplified model of filing returns, to be implemented after six months, providing for one monthly return for all taxpayers, except composition dealers and those with nil tax liability.

“Composition dealers and dealers having nil transaction shall have facility to file quarterly return,” Finance Secretary Hasmukh Adhia said elaborating on the new model.

He said the six-month transition phase is required to get the new software ready, during which the present system of filing GSTR 3B and GSTR 1 returns would continue, adding that taxpayers could continue to claim provisional credit in this period. (IANS)