Raje pitches for lower tax on marble, sandstone under GST

Image
Press Trust of India New Delhi
Last Updated : Apr 23 2017 | 4:48 PM IST
Rajasthan Chief Minister Vasundhara Raje today made a case for keeping Kota stone, marble, sandstone and granite in the lower slab of 5 per cent under the GST.
Tax rates on various goods and services will be decided by the GST Council on the recommendation of the Fitment Committee.
"Kota stone, marble, sandstone and granite are taxed at higher rates in other states. The Fitment Committee might decide to fit... (these products) in higher tax slabs.
"I request for consideration of putting marble, Kota Stone, sandstone and granite in lower slab of 5 per cent," Raje said while speaking at the third meeting of the Niti Aayog's Governing Council here.
While the GST Council has decided on a four-tier rate structure of 5, 12, 18 and 28 per cent, its Fitment Committee will devise a formula for tax rate to be levied on different products and services under the Goods and Services Tax (GST) regime from July.
Raje further said, "To ensure that every resident is empowered to improve quality of life, we are in process of development of 'Khush-hali Index' based on transactional real time data."
Noting that this will enable the state to take care of the gaps based on social-economic and geo-spatial analysis, Raje requested Niti Aayog to partner with Rajasthan for the exercise so that after successful rollout, learning can be shared with other states as well.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Apr 23 2017 | 4:48 PM IST

Next Story