Skip to content Skip 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

Random Stories

Two unidentified dead body recovered at Golaghat

21 Oct 2011 - 1:49am | Ritupallab Saikia
An unidentified dead body of a young man of about 30 years of age was recovered from a railway track near Donbosco School in Golaghat today at around 6.30 am. The body was found wearing a white shirt...

108 mows down student

2 May 2015 - 8:10am | Tebasrwn Brahma
Nabani Wary, a Class XI student of Tukrajhar HS School, village Berengchigury, district Chirang was run over by a speeding ambulance on April 30. Nabani was going to school when a 108 mowed her down...

Assam to have a statewide digital media journalists’ organization by Feb 2023

11 Aug 2022 - 9:11am | Nanda Kirati Dewan
Guwahati: The newly formed Digital Media Journalists Forum, Assam  held a general meeting at the Guwahati Press Club on Wednesday.  The meeting was chaired by the president of the Convening...