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Price, supply of goods under scanner after GST rollout

Price, supply of goods under scanner after GST rollout

Government officials cited three reasons to justify the tax rates: To protect local manufacturers, avoid an inverted tax structure and to keep the new tax rate at the same level or lower than the old one.

Among the states that have removed the checkposts are Andhra Pradesh, Bihar, Gujarat, Karnataka, Madhya Pradesh, Maharashtra and West Bengal.

Eight states, including Assam, Punjab, Himachal Pradesh, and some north-eastern states, are in the process of abolishing check posts.

Speaking on the initial feedback received post-GST rollout, Adhia revealed that the new taxation system has been well received.

In a letter to Union Finance Minister Arun Jaitley, state Finance minister T M Thomas Isaac claimed that though price of many commodities has come down due to GST, the consumer is not getting the benefit of the same.

Prince William and Kate take George and Charlotte to Princess Diana's grave
Prince William and Prince Harry attended a service rededicating the grave of their mother, Princess Diana , on Saturday. Prince William and his brother Prince Harry have a plan to erect a statue of her outside Kensington Palace .


A session of the assembly of J&K, which is yet to enact the law+ for the implementation of GST, has been convened on Tuesday to consider approving the legislation.

Mr Sinha said that various machines used by dealers, retailers for computerised billing should be calibrated at the earliest as per the new GST rates.

Government is closely monitoring price and supply situation of commodities following implementation of GST.

Still confused about the different components of GST? He has urged cabinet secretaries at states to take up the responsibility of addressing GST-related issues of their respective stakeholders, trade and industry. He asked them to contact and coordinate with the State Government officers of their Department to ensure smooth implementation of GST.

Weekly review meetings will be held every week to keep a close watch on GST roll out.


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