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Home Finance Finance Minister clarifies on GST for pre-packaged objects

Finance Minister clarifies on GST for pre-packaged objects

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Finance Minister clarifies on GST for pre-packaged objects

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‘State expressed objection in letter to GST Council, stated this hike would have an effect on widespread folks’

‘State expressed objection in letter to GST Council, stated this hike would have an effect on widespread folks’

Finance Minister Palanivel Thiaga Rajan on Saturday clarified that the 5% GST on pre-packaged and pre-labelled objects was elevated regardless of Tamil Nadu expressing its objection.

In a press release right here, he stated the Tamil Nadu authorities wrote a letter to the GST council arguing that the rise of GST on rice, curd, buttermilk and different objects would severely have an effect on the widespread folks.

“We conveyed our objection in written type after the Group of Ministers, headed by Karnataka Chief Minister, on Items and Companies Tax (GST), made its suggestions. Tamil Nadu just isn’t a member of the group,” Mr. Thiaga Rajan defined.

He stated Tamil Nadu had reiterated its stand within the fitment committee additionally.

“Subsequently, the interim report of the 56 suggestions of the Group of Ministers was submitted within the GST assembly in Chandigarh. It was accepted and the Union Finance Minister herself had clarified that the choice was taken in three phases,” he identified.

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