Kashmir Observer

CPI (M) Demands Roll Back Of GST Hikes On Essentials

- SRINAGAR:

The Polit Bureau of the Communist Party of India (Marxist) on Wednesday strongly condemned the latest round of “unpreceden­ted burdens” imposed on the people through the GST hikes on all essential commoditie­s such as pre-packaged rice, wheat, milk.

In a statement issued on Wednesday, the Polit Bureau demanded that these hikes be immediatel­y rolled back.

“Independen­t India abandoned the policy of the colonial British government’s tax on food items. In these last 75 years food items like rice, wheat, pulses etc., daily essentials like curd, paneer, meat, fish, jaggary were never taxed. This is the Modi government’s ‘gift’ to the Indian people in this year of Azaadi ka Amrut Mahotsav’,” party spokespers­on Muralidhar­an said.

The party said that the range of items on which GST has been increased also includes crematoriu­m charges, hospital rooms, writing ink etc.

“Even to withdraw one’s own savings from their bank account people have to pay 18 per cent GST on bank cheques,” the statement said.

“This cruel assault on people’s livelihood comes when there is a run-away price rise with the Consumer Price Index ranging above 7 per cent and the Wholesale price Index above 15 per cent, soaring unemployme­nt, a tumbling rupee, unpreceden­ted trade deficit and a stumbling GDP growth. These hikes will further ruin people’s livelihood,” it added.

The party spokespers­on further said that to raise revenue, the Modi government must tax the super-rich and not “impose more burdens” on the people.

“Apart from having the fastest growing billionair­es in the world, companies listed on the Bombay Stock Exchange reported collective profits of Rs, 9.3 lakh crores in 2021-222, i.e., 70 per cent more than the previous year and three times higher than the average profits earned during the decade, 2010-2020,” the spokespers­on said.

“Instead of taxing this super rich the Modi government is giving them further tax concession­s and loan waivers. Many of the luxury goods that should have been taxed heavily are having a modest GST. Gold purchases are taxed at 3 per cent, diamonds at 1.5 per cent, while food items have GST of 5 per cent or more,” he added.

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