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Traders’ body Confederation of All India Traders on Monday said that the decision to levy five per cent GST on pre-packed and labelled food items will cause loss of business to foodgrain traders, increase compliance burden and raise the prices of unbranded everyday essentials.
Lowest GST slab to be raised by 3 percent? Here’s what the government said - There has been speculation in the market and among tax analysts that the Centre may be looking to elevate the lowest GST slab.
Lowest GST slab may be raised by 3 percent, says report - Apart from raising the lowest slab, the list of goods and services exempted from the GST regime might also be reduced.
The government has detected Rs 20,000 crore worth GST evasion so far this fiscal and will take more steps to check frauds and increase compliance, a senior tax officer said on Wednesday.