Chandigarh No one is untouched by the corona effect. The government is also suffering a huge loss in GST due to the total stagnation of industry and trade. To overcome this deficit, Chandigarh entrepreneurs have given four sources to the Goods and Services Tax department. It also includes a proposal to reduce the GST by six per cent on products with 18 per cent GST.
The Center recently sought some suggestions from the GST Department Chandigarh to overcome the GST deficit. On behalf of the department, entrepreneurs were also asked to give suggestions regarding this. Chandigarh entrepreneurs have made four suggestions to overcome the GST deficit.
This includes reducing the products on which 18 per cent GST is levied to 12 per cent, allowing traders to deposit GST up to 90 per cent every month for one year, and the facility to file a penalty GST after 30 days of the lockdown opening. is. While giving the fourth and final suggestion, Chairman of the Chamber of Chandigarh Industry, Naveen Manglani said that all the old cases of VAT should be stopped by deemed assessment. These four suggestions will help the government to overcome the deficit.
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