GST Updates (22 Nov 2016)

IRS officers demand GST assessments by Centre

November 22, 2016
The Indian Revenue Service (Customs and Central Excise) officers’ association wants the centre to firmly control service tax assessees under the Goods and Services Tax (GST) having a turnover of less than 1.5 crore. This concern has been raised after a few states like Tamil Nadu demanded control over them.

In a letter to Finance Minister Arun Jaitley, they apprehended a rise in black money and tax evasion if states are given control over such assesses.

Other than West Bengal, Kerala, Tamil Nadu, Bihar, Delhi and Odisha, commercial tax officers all over the country working under the state government’s jurisdiction have supported demands for controlling service taxpayers having lesser turnover than Rs. 1.5 crore.
The move towards GST is aimed at simplifying the tax structure, widening the tax base, reducing tax-evasion and incentivising the honest tax payers. It is supposed to be a win-win situation for all the stakeholders including the taxpayers, Central and state government.
The association representing 2000 IRS officers said that the very root and premise of the GST is in conflict with the proposal of state governments controlling assesses with a revenue turnover of less than 1.5 crore. Tax evasion will become rampant and there will be chaos and confusion amongst assesses due to different interpretations of issues.
The letter also states the despair and anguish of the 200 young IRS officers who were recruited every year since 2008 to implement GST Source – [22-10-2016]

GST Bill proposes new anti-profiteering measure

November 22, 2016
The revised Goods and Services Tax (GST) Bill draft has proposed a new anti-profiteering measure under the new tax regime and the Centre may constitute an authority to oversee the benefits being passed on.

Quoting sources, Sapna Das of CNBC-TV18 reports that the proposed authority may also prescribe penalty against profiteering.

Subsidies provided by Centre and states are to be kept out of GST and the tax is likely to be levied on supply of services by intermediaries, sources said. Source – [22-10-2016]

Centre conducts sensitisation seminar on GST

November 21, 2016
Racing against time to meet GST deadline, the Centre today held a sensitisation workshop for over 400 officials on the new indirect tax regime which Cabinet Secretary P K Sinha described as moving away from tax exemptions to seamless flow of credit and tax payments.

The workshop, held a day before an informal meeting of state Finance Ministers to discuss administrative control issues, was organized to sensitize these officers about the key features of the Goods and Services Tax (GST).

Speaking at the workshop, Sinha said GST is an important milestone in the concept of cooperative federalism where the Centre and States have come together to address an important national issue of present complex indirect tax regime in the country.

The successful implementation of GST can lead to this model of cooperative federalism being replicated in other spheres, he said, highlighting “GST reform process would lead to a move from the regime of tax exemptions in various sectors of economy to a regime of seamless flow of credit and payment of tax”

Sinha was addressing the seminar organized by the GST Council, in which more than 400 senior officers including Secretaries of various Ministries/Departments of the Government of India participated, an official statement said.

The Cabinet Secretary also urged the senior officers to be fully prepared for roll-out of GST and be in touch with various stakeholders to address their concerns for smooth implementation of GST.

The seminar was also addressed by the Revenue Secretary Hasmukh Adhia. A presentation on the salient features of GST was made by Chairman CBEC, Najib Shah.

The seminar concluded with a session on ‘Questions and Answers’ in which clarifications were given to many queries particularly pertaining to sectors of exports, transport, real estate, railways and airlines etc, it added. Source - [21-11-2016]

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