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August 3, 2022

GST move on unbranded food due to misuse

by CA Shivam Jaiswal in GST

GST move on unbranded food due to misuse

On Tuesday, FM Nirmala Sitharaman responded to opposition MPs’ concerns about rising inflation hurting the common man by asking the government to provide relief to the poor by lowering duties. Members of the ruling BJP, on the other hand, blamed inflation on global factors.

“You can tell the story that you (the government) have geopolitically collected so much tax and the poor are getting nothing. I’ll go over what we’ve accomplished; we’ve made significant progress and would like to do even more. The approach of ‘you have done nothing for the poor and are here for Ambani and Adani’ politicises the debate. All of us, some of us in states and constituencies, are working to ensure that the poor benefit from the schemes. We are all helping with the recovery process. “I appeal to the House that we speak on facts and the ground level situation,” the FM said.

She also sought to clear the air on recent GST changes, claiming that the decision to levy tax on unbranded and packaged food items was based on a decision made by the petrol GST Council, which was not opposed by any of the states. She also stated that states, including those ruled by opposition parties, were involved in decision making at all levels, and that the move was necessary due to “rampant misuse. Before GST, several states, including Maharashtra, Jharkhand, and West Bengal, imposed taxes on products such as lassi, chaas, and paneer, according to the minister. As a result, the TMC walked out of Rajya Sabha.

 Responding to a debate on price rises in the Rajya Sabha on Tuesday, Finance Minister Nirmala Sitharaman stated, “Nobody is in denial about the price rise.” We’ll look at the numbers as well as the situation on the ground. According to the numbers, we have a 2-6 percent inflation band, and we are currently at 7 percent with some effort. “We have ensured that the RBI and the government have taken sufficient steps to keep it below 7%, ideally below 6%,” Sitharaman said in response to a debate on the value of the rupee.

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