CM Directs Officials To Create Awareness About GST
Hyderabad: Taking a proactive approach, Chief Minister of Telangana K Chandhrashekar Rao instructed officials concerned to organize awareness camps and conferences across the State to create awareness amongst the people and businessmen over the newly introduced Goods and Services Tax (GST) by the Centre. He directed the officials to hold conferences on July 5th, 6th and 7th in 91 Circles under the Commercial Taxes Department.
The CM held a review meeting on the affects of GST here on Monday at Pragathi Bhavan. He asked the officials to clarify doubts raised by the traders, businessmen and general people on the GST and also inform them on how the GST is implemented, how much tax one should pay on what turn over etc.
“The Centre has decided to implement the GST across the country. All states have to implement it and we are also implementing it. There are divergent opinions on whether implementation of the GST is profitable or not and who will suffer the loss? There is a need to get clarity on these issues. There are some plus points on the implementation of the GST. Businessmen whose annual turnover is below ₹20 Lakh need not pay any tax. For those having a turnover between ₹ 20 to ₹ 75 Lakh, the tax is only one percent. This is a positive aspect. This should be informed to the people and awareness should be created on the actual form of the GST and remove fears and apprehensions. Suggest to the small traders how to do their business in accordance with law. Chief Secretary, Commercial taxes Commissioner, Finance Secretary and other senior officials should personally go and clarify the doubts. Prepare a comprehensive note on the GST and circulate,” the CM instructed.
The review meeting also deliberated on whether the GST is good for the State, is it profitable or loss? Will it burden the people with tax and what will be its affect on the state’s revenue? The officials pointed out that since Petrol, Diesel and excise are exempted from the GST; the GST will have no adverse affect on 50 percent of the State’s revenue. And the remaining 50 percent revenue, the government will get back. Since the Centre has to give the State its share in the increased revenues, the State’s allocation in the Centre’s funds will increase. On an average, the State will get about ₹ 2,000 to ₹ 3,000 Crore more income per year. However, to understand the GST affect, one has to wait for the third quarter, the officials explained to the CM.
TRS Parliamentary Party leader K Keshav Rao, Government’s Chief Advisor Rajiv Sharma, Chief Secretary SP Singh, Senior officials S Narsing Rao, Ramakrishna Rao, Sri Anil Kumar, Somesh Kumar and senior officials from the Commercial department participated.