Finance minister promises to bring real estate under GST soon

News Network
July 2, 2017

New Delhi, Jul 2: A day after the launch of Goods and Services Tax (GST), Finance Minister Arun Jaitley promised to bring the real estate sector under its ambit soon.gst copy

“In the next GST Council meeting, we will take up the issue,” he told a private TV channel on Saturday.

Delhi Deputy Chief Minister Manish Sisodia had in March written to Jaitley, urging him to bring real estate under GST to ensure transparency and curb hoarding of land and property.

But a few states are opposing the idea, Jaitley said.

“The chief economic adviser has given several presentations on the significance of bringing the sector into the GST fold. We will go ahead,” Jaitley asserted.

By keeping real estate out of GST, experts fear, the government has allowed space for black money to flourish.

Jaitley said the GST rates of 12% and 18% could converge sometime in the future. If the tax payers' base increases, the rates can come down, he explained.

Replying to criticism over multiple tax rates under GST, Jaitley said, “We could have fixed a standard 15% for all goods but it was necessary to bring down prices of food items for the poor.”

Revenues earned through indirect taxes would be used to reduce the income tax burden on the salaried class, he reiterated.

Allaying the fears of the traders, the finance minister said there is no reason for unease among traders about GST as it is the consumers who ultimately pay.

"Traders are not liable to pay tax. The tax ultimately is paid by the consumers.”

When the end consumers are ready to pay tax, why are traders worried?" he asked, adding that a lot of opposition has come from people who do not want to pay any tax. "Unease over the transition is natural but there is nothing to worry about. Many people think not paying tax is their fundamental right. This government refuses to buy this argument. You are using the roads and other amenities of the government...and, therefore, this government does not believe in not paying taxes," he said.

I-T worries

The real reason behind their worry, he said, was the fact that the entire gamut of transactions of a business would go online, "the trade volume would eventually increase and have a significant impact on their income tax,” Jaitley said.

The finance minister said, "An efficient system will help in increasing the tax base and check tax evasion."

Jaitley dismissed concerns about multiple compliance and the documentation that the GST would increase.

"Businesses need to file only one return. They will have to file their return before 10th of every month for the transactions held in the previous month. GST will ease the process of finding defaulters," he said.

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News Network
April 22,2020

Bengaluru, Apr 22:  Karnataka Women and Child Welfare Department has warned of action against those raising funds for Covid relief works, by using photos of children.

In a release here on Wednesday, the department said that several non-governmental organisations and voluntary groups were using the photographs of children to collect donations.

It has come to notice that several NGOs are using photos of children to raise donations to meet their food, health and other expenditure during the lockdown. However, this is against the Juvenile Justice (Care and Protection of Children) Act," the Director of the ICDS scheme stated in a release.

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coastaldigest.com news network
June 30,2020

Mangaluru/Kasaragod, Jun 30: In what appears to be an ego clash between the officers of Karnataka and Kerala, around 150 Mangalureans including 12 pregnant women were evicted from the lodges in Kasaragod in the middle of the night and sent to Mangaluru.

Expressing shock over the incident, Mangaluru MLA U T Khader hit out at the authorities concerned for the lack of concern towards the stranded passengers. “If IAS officers don’t have humanity, what is the use of the IAS tag. Officers in the two states should learn to speak to one another and solve people’s problems,” he said apparently addressing DCs of Kasaragod and Dakshina Kannada. 

The 150 passengers had arrived on Saturday from Dubai in a chartered flight arranged by the Karnataka Cultural Foundation. The flight landed in Kannur after it was denied permission to land in Mangaluru.

But Karnataka’s nodal officer for stranded persons outside India C N Meena Nagaraj, an IAS officer, called up Kerala officials and questioned why the flight was allowed to land in Kannur, Khader said. She reportedly told Kerala officials that the passengers should be quarantined in the cities of arrival and that Karnataka would not take them in.

In the meantime, the Karnataka Cultural Foundation arranged seven buses to take the passengers to Mangaluru. By the time it was conveyed to them that they would not be allowed to enter Mangaluru, the buses had reached Kasaragod district. The representatives of the organisation made frantic calls to several political leaders. Congress leader and district panchayat standing committee chairperson Harshad Vorkady said he got a call for help around 10pm on Saturday. He spoke to owners of three lodges to accommodate them. The lodges were used by the district administration as quarantine centres. 

The lodge owners said they would take the passengers in only if the Kasaragod tahsildar gave permission. “So I called up the tahsildar. He only wanted to know who will pay for the lodging and food. When I told him that the passengers will pay, he gave permission. By midnight, all the passengers were put up in the three lodges,” he said. The police were also at the spot, he said.

According to the Covid protocol, those arriving from abroad should be in institutional quarantine for seven days and in room quarantine for another seven days. But by 4pm on Sunday, the police returned to the lodges and asked the passengers to vacate. They said it was the order of the collector. They produced the order to the lodge owners. The office-bearers of the Karnataka Cultural Foundation said they sought time from the Kasaragod police to arrange rooms in Mangaluru. But Kasaragod police denied it. 

On Sunday, there were Covid deaths in Mangaluru and the Mangaluru deputy commissioner was tied up as residents were objecting to the funeral of one of the victims. “By night, the police started threatening the lodge owners. The members of the Foundation said they would shift the passengers by Monday morning. But the collector would not listen,” said Harshad.

Around 11pm, the Kasaragod district administration brought in four KSRTC buses and sent all the 150 passengers to Mangaluru, he said. By 1am the buses crossed the Thalapdy border and Khader took over from there. But the MLA was livid with how officials treated the people. Collector Sajith Babu in a statement said his enquiry found that the tahsildar did not give permission to accommodate the passengers in Kasaragod lodges.

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coastaldigest.com news network
May 25,2020

Bengaluru, May 25: Heavy rain accompanied by strong winds that lashed Bengaluru last evening left hundreds of trees uprooted near the BTM layout and other areas.

The India Meteorological Department (IMD) has predicted a thunderstorm accompanied with lightning in Karnataka for the next five days.

"Thunderstorm accompanied with lightning at will prevail at isolated places over Gangetic West Bengal, Odisha, Coastal Andhra Pradesh and Yanam, South Interior Karnataka, Kerala and Mahe and Tamilnadu, Puducherry and Karaikal," the IMD said its All Indian Weather Forecast Bulletin.

According to the forecasting agency, due to strong southerly wind from the Bay of Bengal to northeast India at lower tropospheric levels, heavy to very heavy rainfall with extremely heavy falls likely at isolated places over parts of northeastern states.

In addition to that heavy to very heavy rainfall at isolated places over adjoining parts of east India during 24th-28th. "Heavy rainfall at isolated places over parts south peninsular India from May 26th-28th, 2020," the IMD said its All Indian Weather Forecast Bulletin.

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