The government has been trying to make every sort of channel to bridge the gap between the taxpayer and the government sources to cherish the upcoming GST in a healthy way. In this direction, the government has started a new Twitter handle for the general public to resolve any queries regarding the Goods and services tax.
A statement from the finance ministry came that, “The Department of Revenue has opened a new Twitter Handle @askGST_GoI to invite queries from all taxpayers on GST, All taxpayers and other stakeholders are welcome to direct their queries related to GST on the said Twitter handle for early resolution and clarification.”
The GST Council in its last meeting addressed over 1211 different commodities for the fixation of the tax rates which was held in Srinagar earlier this month. It was also decided for approximately 500 services which were fitted into four tax rate slabs of 5,12,18 and 28 percent. The decision still pending for the commodities like gold and precious metals textiles, bidis, and various other branded commodities and will be resolved in its next meeting scheduled for 3rd June along with union finance minister Arun Jaitley and state finance ministers.
The Confederation of All India Traders (CAIT) meanwhile said in a statement regarding the duality and diversions of tax slab that it has created a numb situation within the industries across the nation along with communities who are still figuring out the cause and impact of the new taxation scheme.
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CAIT in a statement mentioned that, “Various verticals of retail trade demanding a lower tax on the items being dealt with them since they have been categorized under higher tax slab in comparison to tax slab of current VAT tax regime, As per an analysis, 1,211 goods and 36 services have been so far classified under GST out of which nearly 50 percent goods have been placed under 18 percent rate, 14 percent under 5 percent rate, 17 percent under 12 percent rate and 19 percent under 28 percent rate.”
“The wider impact of the classification of items under different tax slabs needs to be gauged very cautiously since under GST not only the taxes paid on goods but even the taxes paid on the services will be eligible for input tax credit,” it added.
Along with the efforts of government, the SAG Infotech has been also making every step towards a better knowledge sharing platform through its much populated GST Helpline App which is providing a discussion forum to make GST understand more easily. The app has crossed 60 thousand plus users and currently having a very big community including tax experts, chartered accountants to resolve doubts and queries of the users. The app is available for both Android & iOS users which can be downloaded free on its designated stores.
