RSS af­fil­i­ate wants Goods and Ser­vices Tax amend­ment

Hindustan Times ST (Mumbai) - - FRONT PAGE -

The Laghu Udyog Bharti (LUB), an af­fil­i­ate of the RSS, has asked the gov­ern­ment to make amend­ments to the Goods and Ser­vices Tax (GST) Act, so that tax re­bates could be pro­vided to the mi­cro, small and medium scale in­dus­tries sec­tor. GST, which is be­ing show­cased as a tax re­form by the Modi gov­ern­ment, will roll out across the coun­try on July 1.

The LUB that claims to rep­re­sent over 4,050 units in many dis­tricts wants sep­a­rate laws for the MSME sec­tor and re­in­state the ex­emp­tion that was al­lowed to en­ter­prises with a turnover of ₹1.5 crore as the thresh­old limit. It has cau­tioned that un­less amend­ments are made, the growth of the sec­tor will be af­fected, by the “com­plex struc­ture of fil­ing re­turns” among other rea­sons. “We have de­manded that changes must be made to the GST Act to re­in­state the ex­emp­tion limit and make amend­ments to the rules as well,” OP Mit­tal, na­tional pres­i­dent of the LUB said here on Fri­day.

The Sangh af­fil­i­ate has sug­gested that if the ex­emp­tion is not pro­vided, then MSE’S with a turnover of up to ₹2 crore should be al­lowed to be covered un­der zero rated duty in the cur­rent GST law, and the rate of tax should also be nil for these.

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