HYDERABAD: Despite a number of states failing to positively transform towards a GST regime, the Telangana state has successfully implemented the new tax reform ‘GST’ within a short span of 15 days.
The State commercial tax department was successful in bringing more than 90 percent of VAT traders under the new jurisdiction of GST in a record time. The success owes to the planned awareness campaigns organized by the state to clear confusion on GST among the traders. An Official from the tax department confirmed that the state has registered more than 1.96 lakh traders out of 2.16 lakh in the first 15 days and that government aims to complete the process by the month end.
On July 3, the Chief Minister held an emergency meeting with senior officials of the state to discuss on whether GST is good for the state. Various aspects of GST such as the percentage of taxes for various categories had also been discussed during this meeting.
It has been decided that the state government will organize special awareness programs across the state to educate people on positives of GST. Further, the CM requested the officials to bring an awareness on ‘no tax’ for traders whose turn over is less than 20 lakhs per year. And for those, whose turn over is below 75 lakhs will have to pay only 1% as tax. Sources said that the government is of the opinion that the state will not lose on its revenue, considering the fact that it will receive 50% of GST.
Following the orders of the CM, officials of the commercial tax department personally met traders and cleared their doubts on the implementation of the GST. Pamphlets were distributed in urban areas to educate people on the benefits of the new tax reform.
The Central government too lauded the efforts of the state government in implementing GST and underlined that every state must follow the method of bringing in awareness among the public in order to make the new tax reform successful.
Earlier, Chief Minister KCR wrote to Prime Minister Narendra Modi requesting to exclude Granite, Beedi and Textile industries from the purview of GST. The CM opined that imposing GST on the already suffering industries may harm the livelihood of people associated with it.