Cut GST rates on Covid essentials, set up dispute resolution body: Punjab FM to Sitharaman

NEW DELHI: Ahead of the meeting of the GST Council, Congress-ruled Punjab has demanded a cut in tax rate on life-saving items for Covid-19 treatment as well as implementation of pending reforms, including reviewing tax rates and exemptions, setting up of dispute resolution body and ways to bridge shortfall facing states.
In a letter to finance minister Nirmala Sitharaman, who heads the GST Council that also comprises representatives of all states and union territories, Punjab finance minister Manpreeet Singh Badal sought a discussion on floor and band of rates within which states may be allowed to fix their respective state-GST rates as they continue to face deficit of around 20 per cent of the assured revenue.
In the six-page letter dated May 24, he also raised the issue of bureaucrats being allowed to tweak GST rules in the name of enforcement without the political oversight of the…

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