In a public interaction in Kolkata, the Finance Minister addressed questions regarding recent GST reforms. Concerns were raised by various sectors, including the packaging industry, about the disparity between input and output tax rates. Questions also focused on the potential revival of the National Anti-Profiteering Authority and the financial impact of the GST changes on state revenues. The Finance Minister stated that the GST Council, which includes the Centre, makes decisions collectively and any revenue reduction affects the Centre as well. A significant announcement was made regarding the GST Appellate Tribunal, with the minister stating, ‘GSTAT is 99 percent ready…They should be start hearing the cases in a matter of days.’ The discussion also touched upon the stock market’s reaction to the reforms and the tax burden on retail investors. #gst #gstrates #financeminister #itwebvideos #kolkata #taxreform #gstcouncil #gstat #business #economy #india #stockmarket #retailinvestor #taxation #gstupdate #indiatoday #durgapuja
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