Sunday, June 4, 2017

GST: Traders body asks FM to lower rates for Horlicks, Complan, butter, sanitary napkins

Ahead of a crucial meeting of Centre and state ministers on goods and services tax (GST), traders’ body CAIT has urged finance minister Arun Jaitley to review the levy on food items including Bournvita, Horlicks, Complan, butter, ghee and sanitary napkins.
The GST Council, headed by Jaitley, will meet on Saturday to finalise the GST rates for some of the pending items before the country’s biggest tax reform is implemented from July 2017.
“Malt-based products like Bournvita, Horlicks, Complan, Boost and AmulPro and other similar products, which are consumed by children, have been placed at 28%. The GST Council should consider a lower rate for these items,” Confederation of All India Traders (CAIT) secretary general Praveen Khandelwal told HT on phone.
In a letter to Jaitley, CAIT said the proposed tax rate on tractors and auto spares should be lowered for the interest of farmers.
with thanks : Hindustan Times : LINK : for detailed news.

No comments:

Post a Comment