Abolish reverse charge mechanism on cotton: Harish Rao
The Hindu
Finance Minister Harish Rao has requested the GST Council to take steps to abolish reverse charge mechanism on cotton.He wanted the GST Council to discuss the issue with other cotton growing States li
Finance Minister Harish Rao has requested the GST Council to take steps to abolish reverse charge mechanism on cotton.
He wanted the GST Council to discuss the issue with other cotton growing States like Maharashtra and Gujarat and address the concerns with the fitment committee for fresh view. He made this request during the 45th GST Council meeting held in Lucknow on Friday.
According to a release, the issue of bringing petrol and diesel into the GST fold was raised. The GST Council chairman clarified that the issue was brought into the agenda due to directions issued by the Kerala HC and it was decided to continue the present status.
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