Government urges industry to pass on price cuts due to GST

Posted July 06, 2017

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

"With the roll-out of the GST, 22 states in India have abolished their check posts", a Finance Ministry release here said.

The Goods and Services Tax (GST) was rolled out on July 1 marking it as an important step in the history of taxation in the country.

States where check posts are in the process of being abolished include: Assam, Himachal Pradesh, Manipur, Meghalaya, Nagaland, Punjab, Mizoram and Tripura.

As far as disability aids are concerned the finance ministry said in a statement on Tuesday that numerous inputs used in the manufacture of these disability aids attract 18 per cent tax. After the GST came into force from July 1, the corporation has stopped selling goods as it is not clear to it whether to clear the old stock with or without the indirect tax.

50-year-old held for ‘raping’ minor
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Last month, Jaitley had written to Jammu and Kashmir Chief Minister Mehbooba Mufti to implement GST as failing to do so would lead to "adverse impact" of price rise and put local industry at a disadvantage.

The finance ministry had yesterday said that the two days of GST rollout has passed "without any major problems being reported" from the field offices. He asked them to contact and coordinate with the State Government officers of their Department to ensure smooth implementation of GST.

Cabinet secretary P.K. Sinha on Monday asked secretaries of crucial departments to ensure that there is no shortage of products and consumer items in order to keep a check on prices.

Sinha asked them to launch campaigns to make their stakeholders and consumers fully aware about GST related matters concerning their respective ministry/department.

It was decided that a weekly Review Meeting will be held to keep a close watch on post GST situation.