Know, Why the upcoming GST council meeting is important for you.
Monday - April 30, 2018 11:59 am ,
Category : WTN SPECIAL
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4th May GST Council meeting is important.
APRIL 30(WTN) - Decisions taken at the meeting of the GST Council on May 4, can have many effects on your life. In this crucial meeting chaired by Finance Minister Arun Jaitley, a major decision can be taken on bringing petrol and diesel under GST. At the same time, many big decisions like discounts on digital transactions and cess on sugar can be taken.
Decision can be taken on petrol and diesel.
The price of crude oil in the international market is increasing gradually. People are having problems due to the increase in prices and there is anger in them. According to sources, a major decision could be taken in the May 4 GST Council meeting to include petrol and diesel in GST. Petroleum Minister Dharmendra Pradhan has been demanding for a long time to bring petrol and diesel into GST. In the coming days, there are assembly elections in Karnataka, Madhya Pradesh, Chhattisgarh and Rajasthan, so the Central Government will not want to take any risk. It is believed that if petrol and diesel will be under GST, then prices of petrol and diesel can be reduced.
Cess can be imposed on sugar.
It is believed that the government can impose cess on sugar. If this happens then sugar can be expensive. A decision can be taken even on cess of sugar in the May, 4 GST Council meeting. It is believed that Rs 19,780 crores are due left to pay sugarcane farmers and to pay this due, government can impose cess on sugar. After imposing cess on sugar, a fund will be generated by this money and sugarcane farmers due will be paid by this fund. If this happens so one to one and a half rupees per kg cess can be applied on sugar.
Can get discounts on digital transactions.
In the recent days after the demonetarization, the crisis of cash was again raised. People are now reducing digital transactions. In such a scenario, the government is considering cash back to traders on digital transactions. It is believed that a proposal to give customers a discount on the MRP can also be considered. According to the sources, those who make digital transfers can be given a discount on the MRP and these discounts can be up to Rs 100.
APRIL 30(WTN) - Decisions taken at the meeting of the GST Council on May 4, can have many effects on your life. In this crucial meeting chaired by Finance Minister Arun Jaitley, a major decision can be taken on bringing petrol and diesel under GST. At the same time, many big decisions like discounts on digital transactions and cess on sugar can be taken.
Decision can be taken on petrol and diesel.
The price of crude oil in the international market is increasing gradually. People are having problems due to the increase in prices and there is anger in them. According to sources, a major decision could be taken in the May 4 GST Council meeting to include petrol and diesel in GST. Petroleum Minister Dharmendra Pradhan has been demanding for a long time to bring petrol and diesel into GST. In the coming days, there are assembly elections in Karnataka, Madhya Pradesh, Chhattisgarh and Rajasthan, so the Central Government will not want to take any risk. It is believed that if petrol and diesel will be under GST, then prices of petrol and diesel can be reduced.
Cess can be imposed on sugar.
It is believed that the government can impose cess on sugar. If this happens then sugar can be expensive. A decision can be taken even on cess of sugar in the May, 4 GST Council meeting. It is believed that Rs 19,780 crores are due left to pay sugarcane farmers and to pay this due, government can impose cess on sugar. After imposing cess on sugar, a fund will be generated by this money and sugarcane farmers due will be paid by this fund. If this happens so one to one and a half rupees per kg cess can be applied on sugar.
Can get discounts on digital transactions.
In the recent days after the demonetarization, the crisis of cash was again raised. People are now reducing digital transactions. In such a scenario, the government is considering cash back to traders on digital transactions. It is believed that a proposal to give customers a discount on the MRP can also be considered. According to the sources, those who make digital transfers can be given a discount on the MRP and these discounts can be up to Rs 100.
