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October 18, Thursday 2018 2:14 AM       

       HEADLINES: Nation going to witness protests of Ayyappa devotees, Rahul Easwar tells Arnab Goswami                                              ‘Cyber bullies should be purified’, says Saradakkutti                                              Women should not destroy rituals, says Ali Akbar                                              Police dept prepares List of women-officers to be deployed at Sabarimala                                              Navarathri festival begins at Pathmanabhapuram palace                                              Bar demands lifting ban on lawyers' strike, but CJI unimpressed                                              Sharad Pawar won't contest 2019 polls: NCP                                              Khaleda Zia admitted to specialised state-run hospital                                              India beat West Indies by innings and 272 runs                                              Kaumudi Facebook
       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
 
 
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