GST Council to address tax avoidance by rice millers tomorrow
New Delhi [India], August 4 (ANI): In the wake of various companies withdrawing their registration plea to evade the levy of the Goods and Services Tax (GST), the GST Council will take up the matter of tax avoidance on Saturday.
ANI
Aug 04, 2017 19:48 IST
New Delhi [India], August 4 (ANI): In the wake of various companies withdrawing their registration plea to evade the levy of the Goods and Services Tax (GST), the GST Council will take up the matter of tax avoidance on Saturday. Additionally, the Council is also expected to address the concerns raised by the textile sector, along with discussions on E-Way bill and anti-profiteering authority. According to sources from the Ministry of Finance, the Centre has called on the GST Council for the meeting, fearing that companies are looking to avoid the GST using various tactics. Recently, KRBL Group, the parent company of India Gate, which owns a market share of 30 percent, withdrew its registration application on June 30, to avoid being taxed by the GST. Therefore, the Council has decided to look into the issue of tax avoidance by rice millers. (ANI)
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