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       BUSINESS Next Article: Rahul Gandhi urges govt to bring fuel under GST  
       GTS: Thomas Isaac feels more problems are yet to come
 
         Posted on :12:48:16 Nov 13, 2017
   
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       Last edited on:12:48:16 Nov 13, 2017
         Tags: GTS: Thomas Isaac feels more problems are yet
 

THIRUVANANTHAPURAM: Finance Minister Dr. Thomas Isaac had taken to Facebook to criticise GST. He has warned all against thinking that all problems are solved now because the GST rates have been reduced, and added that more problems are yet to come.

He has said that the Central Government policy is to appease the corporates and hence the rate cuts in GST have not actually brought down the burden on the people.

He added that the compensatory CESS collected by the Centre to compensate for the tax-loss incurred by the state government is not enough.

In fact, there is an increase in tax burden on people because that’s the kind of profit the companies and the merchants are taking, he said, and added that the Centre is not ready to take action against them.

He also said that the Kerala government had done a detailed study of 636 brands and has found out that the benefit of tax rate cuts is available to the consumer only in 163 of these brands.

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       BUSINESS
Next Article: Rahul Gandhi urges govt to bring fuel under GST
 
 
BUSINESS HEADLINES
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HC judges, experts brainstorm on likely GST litigations  
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Congress raises questions over Moody's reliability  
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Moody's rating is answer to sceptics: Arun Jaitley  
Moody's ups India credit rating  
Sensex zooms 414 points after Moody's ups India rating  
Industry pitches for bringing natural gas under GST  
Cabinet permits export of all types of pulses  
Sensex opens in green on value-buying, climbs 164 points  
US dollar ends cheaper against rupee  
Indian companies create 113 K jobs in US: Report  
Largest diamond ever auctioned sold for record $34 mn in Geneva  
Wholesale inflation caps six-month high at 3.59pct for Oct  
SBI reduces employee strength; more people set to retire  
Sensex trades high, takes retail inflation in stride  
Foreign tourist arrivals up by 18.1 pct this Oct  
 
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