New Delhi, The authorities has reiterated that there may be no plan to levy items and services tax (GST) on unified bills interface (UPI)-based totally transactions exceeding Rs 2,000.
Pankaj Chaudhary, minister of kingdom of Finance, stated within the rajya sabha that "there is no advice of levying GST on UPI transactions of over Rs 2.000 from the GST Council".
Answering a query about whether or not the authorities is considering an offer to levy GST on UPI transactions of over Rs 2,000, the minister told the residence that GST fees and exemptions are decided on the idea of recommendations of the GST Council.
The reply came after investors in karnataka received GST call for notices primarily based on UPI transaction information.
Minister for meals, Public Distribution and client Affairs, Pralhad Joshi, additionally stated final week that the GST notices issued to small-scale traders in karnataka are the doing of the country government, and not from the significant authorities.
Responding to deputy chief minister D.ok. Shivakumar's declare that the nation has no position in issuing tax notices, Joshi known as the assertion "completely ridiculous."
"it's far Karnataka's business tax officials who issued the GST dues notices to small investors. And yet, the state government is now misleading the public by way of pretending it has no involvement. That is nothing however an try to shirk obligation," Joshi said.
"If the GST notices had been issued with the aid of the vital government, then traders in several different states could have acquired them. But that hasn't occurred anywhere else. Why are those notices being despatched best in Karnataka?" Joshi questioned.
He clarified that under GST, there are additives - CGST (principal GST) underneath the valuable authorities and SGST (state GST) below state governments. The notices to small traders in karnataka have been issued via the country's business Tax branch.
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