Published On: Sat, Dec 5th, 2015

Common man sweats over Uttarakhand government’s decision to increase taxes

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The common man will be burdened again as the state government has decided to impose more taxes to help it increase its earnings to the tune of Rs 700-800 crore annually.
Chief minister Harish Rawat said the government was contemplating more direct taxes on end users.
On Thursday, the government decided to impose tax on online shoppers and revise fee on the registration of new vehicles.
The news does not really come as a surprise as only some weeks ago the state levied water tax on hydro power projects.
“This is the call of the time and I am bound to take harsh decisions,” said chief minister Harish Rawat while interacting with Hindustan Times and Hindustan here on Thursday evening.
He said: “Come what may, I am firm on my decision to improve strained financial health of the state by levying taxes. Which government takes such (unpopular) decisions before assembly polls but I am doing it because I want to improve the financial functioning in such a way that the future leaders face no problem.”

Central government contemplating on introducing GST at 17-18%

The political cloud over the Goods and Services Tax (GST) hasn’t really lifted, but the government has made its case more compelling for the Opposition and industry: a designated committee on Friday suggested the standard GST rate at an attractive 17-18%, a level that seems competitive at least among some emerging market economies and against the EU. It also voted against burdening the Constitution with the minutiae like the tax rates which should rather be a political choice and change with circumstances.

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