The Goods and Services Tax rate structure has become distorted due to a string of rate reductions after the new indirect tax was introduced two years ago, Finance Minister Nirmala Sitharaman said at the Hindustan Times Leadership Summit on Saturday. Once the GST rate was decided and the biggest indirect tax reform launched in 2017, Sitharaman said the GST council went about reducing the tax rate of certain set of commodities.
“And I am not blaming anyone here. Equally all of us went about in every meeting of the GST council to reduce the taxation rate of certain set of commodities,” she said. This, she said, kept on happening.
“At the end of the day, the intentions were good. (but the tax rates) kept reducing, kept reducing. Now reduction per se is not bad,” she added.
“I am not saying that people did it thoughtlessly, but in the enthusiasm to reduce taxes, that framework which was originally agreed at stage one of GST was distorted,” Sitharaman said, explaining that lowering the tax rate impacted the input tax credit and transferred more taxes to the buyer.
Sitharaman’s assessment of the tax structure comes right ahead of the meeting of the Goods and Services Tax Council, the powerful body of state finance ministers led that she heads, later this month that is expected to discuss the first steps towards reviewing the tax rates.
Sitharaman declined to comment on the decisions that the council would take on the tax rates but underscored that a good streamlined GST regime for all assesses would be put in place.
Eventually, she said, the council will have to rationalise the tax structure and asked if it was really necessary to have a large number of slabs. “The original intent was to have three rates, merit, sin and the standard,” she said, underlining that there were “too many complications” in the tax rates.
Sitharaman listed complications in the tax returns that assesses have to file as the second area of focus, asserting that she had told got officials to simplify the forms that she acknowledged, “ended up asking for so much more information”
The minister counted the simplification of GST tax returns that were also distorted as another area that her team is working to fix.
4 arrested for sexual assault of spa employee
Delhi Police captured four individuals after a worker of a spa center in Delhi’s Pitampura claimed she was molested and sexually exploited by its manager and a client.
A 22-year-old woman complained of rape in a spa center at Delhi’s Pitampura on Thursday.
Authorities from Maurya Enclave police station hurried to the spot and started the examination.
“On August 4, a PCR call was gotten at PS Maurya Enclave in regards to rape with a lady at a Spa Center, Pitampura Delhi. The police promptly arrived at the spot (the ocean spa center) where a victim aged 22 years along with her husband were present external the spa center and complained in regards to rape on her by the manager of the spa center and client,” said police.
She was sent to the hospital for her clinical assessment. A counselor from DCW visited her.
“She expressed that on June 30 she joined the spa on August 4 at around 6 p.m. one client came there along with the manager Rahul and requested sexual favors. Rahul offered her a soft drink, after drinking it she felt tipsy and both raped her,” said police.
A case under Sections 354A/328/376 D of IPC was registered and both the accused persons were arrested.
Gold medalist boxer became a robber in Delhi, arrested with two companions
A burglary group has been busted in Delhi. A boxer was likewise remembered for this posse, who has additionally won gold decorations in certain contests. This posse of three individuals used to complete stealing from Baba Haridas Nagar of Delhi.
The group had looted a lady’s mobile phone in Baba Haridas Nagar on August 1. when the lady was getting back from work. The lady had let in her protest know that three unidentified individuals who had come on the motorcycle grabbed her mobile phone and took off. The police began the examination of the matter. Some CCTVs were additionally checked and individuals around were likewise addressed.
Then, at that point, on August 4, two individuals wandering in a similar region were gotten by the police. The first gave his name as Ankit (age 19 years) who hails from Jhajjar, Haryana. The other’s name is Shivam Kumar who lives in Sainik Enclave. He is additionally 19 years of age. The third is being told as a minor. The person who is there Ankit is a boxer. During interrogation, a stolen cell phone was also recovered from them.
Unclaimed Bag, Tiffin Box in Delhi’s Rohini Spark Alarm But Nothing Suspicious Found
An unclaimed bag was found in Rohini region in delhi on Thursday, sending the security organizations like the special cell and bomb detection team soon to reach the spot and launched an investigation, police said.
After a careful review of the area, nothing suspicious was tracked down.
As per authorities, An unclaimed bag was tracked down in the parking lot close to DC Chowk, Rohini Sector-9.
A bomb identification and removal crew and sniffer canines had looked through the area, but it turned out to be a false alarm.
Delhi | Suspicious object found in Rohini, police personnel on the spot. Further details awaited pic.twitter.com/FmNQqEKcPE
— ANI (@ANI) August 4, 2022
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