Jyoti Kumari (Ex Employee)

In the recent 34th GST council meeting there were a lot of changes brought into the real estate sector regarding the rate cut over under construction properties. However, the finance minister has assured that the next meeting agenda would be cement rate reduction.

Contradicting the arguments of the country’s top two-wheeler manufacturers, the Managing Director, Mahindra & Mahindra, Pawan Goenka while talking to Moneycontrol, urged through his statement that the current GST rates should not be reduced as it is in sync with the earlier charged tax rate of excise and VAT and thus does not require any change.

Through a recent decision, the GST Council has reduced the Tax on third-party motor insurance for commercial vehicles from 18 percent to 12 percent.

The patient work and perfect strategy have reaped goodies for the GST Council as, after continuous downfall in the Revenue collection, January 2019 has come up with Good news for the Council.

The Biggest players of the Tyre Industry looks to be under the scanner of the GST Council as a huge mismatch in the returns is evident from the current probe.

The GST was implemented with a bang of the slogan ‘One Nation, One tax’. The implementation of which was done with enthusiasm but not with proper planning which resulted in poor outcome and criticism.

Despite taking all the pains to successfully implement GST in the Country, it looks like the increasing difficulties in the path of its implementation and the doubled complexity of the process has now started discouraging the Council as well as the Government.