Thursday , August 17 2017

Centre gets Telangana government’s ‘aye’ on GST.

The Centre and states have granted to share the administration of taxpayers.

GST
Below GST, 90% of taxpayers having a turnover of less than Rs 1.5 crore will be controlled by states.

Hyderabad: The Telangana state government on Monday approved a plan put forth by the Centre scheduled on the sharing of powers for control over taxpayers under GST.

Rendering to state finance minister Etela Rajender, all the states barring West Bengal have given support to the Centre on this issue and it was decided to defer the implementation of the GST government to July 1 as against April 1.

“In the conference, the Centre agreed to the claim of states to go in for a horizontal riven with regard to taxpayers based on the annual incomings. Following this, all the states except for West Bengal have expressed their support,” Mr Rajender said.

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He had joined the ninth gathering of GST Council held in New Delhi on behalf of the Telangana government. The GST Council, which contains Union finance minister and all government FMs, is the apex body under the GST Act and it is empowered to decide the whole thing about the GST.

He held, as per the agreement reached, the states will have controls to assess and administer 90 percent of the taxpayers, who have a yearly turnover of less than Rs 1.5 crore. The left over taxpayers would be administered by the Centre. With respect to taxpayers having more than Rs 1.5 crore turnover, States and the government will control and administer them in 50:50 ratio.

The Telangana government has also sought after tax release on agriculture produce and a lower tax rate on items used by mutual people. Mr Rajender said the Centre has decided to hold one more round of meeting on February 18 to sort out pending problems.

 

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