Skip to contentSkip to navigation

Manipur positive on GST

Deputy Chief Minister Yumnam Joykumar Singh today stated that implementation of Goods and Services Tax (GST) in Manipur will improve its finance.

He was speaking at the inaugural session of an awareness campaign on GST at the auditorium of Manipur State Film Development Society, Palace Compound here, an official release said.

Implementation of GST will bid farewell to the different indirect taxes that are currently applicable in the country.

Joykumar Singh,  who is also in charge of Finance, said the new tax regime going to be rolled out across the country from July 1 this year will also benefit the state in many ways.

The uniform tax regime will mend the loopholes in tax collection avenues and also cover the tax revenue lapses, he said.

He said GST which is the consumer based tax will benefit the people since it is transparent and many taxes will be absorbed by this tax.

During the 14th GST Council Meeting held at Srinagar on May 18-19,  the Deputy Minister had proposed to keep the handloom sector at 0% tax slab which is the lowest among the five different tax slabs in GST.

However, the Council observed it to be discussed again in its 15th meeting to be held on June 2-3 in New Delhi.

On the indigenous dried fish (ngari), he said the Council decided to impose 5% GST on coastal marine dried fish and therefore the indigenous dried fish may also fall under this tax slab. All farm products will be levied 0% GST, he informed.

The Deputy Chief Minister stressed on the need to extend cooperation from the people in implementation of the new tax regime.

Author info

AT News Imphal's picture

Imphal. Manipur

Add new comment


Republish this content

Random Stories

Mohet Hojai - a victim of political conspiracy claims Rekha Hojai

9 Dec 2011 - 1:26am | Anup Biswas
Mohet Hojai, former Chief Executive Member of N. C. Hills Autonomous Council now known as the Dima Hasao Autonomous Council is a victim of political conspiracy claims confident Smt Rekha Hojai,...

Kalaigaon gears up for Assembly poll on April 11

27 Mar 2016 - 2:04pm | Jayanta Kumar Das
Hectic political activities have been seen in 65 Kalaigaon LAC with Assembly election is due on April 11.The picture is not very clear, but from the activities of candidates it could assume that...

Bigungasr Basumatary ranks in top 10 HSLC

31 May 2017 - 6:16pm | AT Kokrajhar Bureau
The private institutions in Kokrajhar have once again stolen the march in the HSLC examination, 2017 leaving the government schools in a tight spot. This time Bibungsar Basumatary of Barpeta Road...