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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
       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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