Live
- Jharkhand: Ayushman Bharat cards in demand, Sahebganj residents rush to the centre
- Supreme Court likely to pass directions on implementation of policy to curb air pollution in Delhi-NCR tomorrow
- The first day of Group-2 Paper 1, 2 exams in Wanaparthy district ended peacefully, said Additional Collector Revenue G. Venkateswarlu
- VP Dhankhar urges corporates to invest in education
- Punjab DGP, MHA official request farmer leader Dallewal to end 20-day fast
- Stage Collapse During Swearing-In Ceremony of KUDA chairman in Kakinada
- Govt unveils ‘Jalvahak’ to boost inland waterways
- List of criminals: Delhi BJP chief on AAP panel of 38 candidates
- PSBs in India clock record Rs 1.41 lakh crore in net profit in FY24
- Telangana Government Announces Key Development Plans: Bhatti Vikramarka
Tamil Nadu Government Will Look Into The Division Of Fiscal Powers
Finance Minister Palanivel Thiaga Rajan (Photo/thehindu)
Highlights
- Tamil Nadu government is in the process of forming a council of prominent economists, legal luminaries, and scholars to enhance its knowledge and roles concerning the social negotiations between the Union government and the States in terms of the provision of fiscal powers.
- Mr. Rajan, who was present virtually at the meeting, said the responsibility of GST compliance has fallen disproportionately on small taxpayers.
At the 45th meeting of the GST Council, Finance Minister Palanivel Thiaga Rajan said that the Tamil Nadu government is in the process of forming a council of prominent economists, legal luminaries, and scholars to enhance its knowledge and roles concerning the social negotiations between the Union government and the States in terms of the provision of fiscal powers.
In considerations of both complexity and technology, Mr. Rajan, who was present virtually at the meeting, said the responsibility of GST compliance has fallen disproportionately on small taxpayers. Because all text on the GSTN portal is solely in English, taxpayers, particularly small traders, have regularly experienced difficulty utilising their accounts, he added.
He stated that theywere also required to hire tax experts, which increased business compliance costs while also depriving them entire control over the filing of tax returns. He also explained that throughout the four years since the GST was implemented, no significant attempts have been made to improve service provision in Tamil.
Mr. Rajan questioned the 18 percent GST on coconut oil (being packed and sold in a unit quantity of less than 1,000 ml), which is defined as hair oil, referencing Item 8 of Annexure-I of the agenda.
He went on to say that, alongside Kerala, Andhra Pradesh, and Karnataka, Tamil Nadu was one of the main suppliers of coconuts and coconut oil.
Next Story
ADVERTISEMENT
