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The Tiruchi District Financiers and Chit Funds Association has appealed to the Centre to exempt chit fund services from GST.
An appeal to this effect was made at a meeting organised by the association along with the Tamil Nadu Chit Funds Association and Incorporated Chit Funds Association in connection with the Chit Funds Day in Tiruchi recently.
Read more at: The Hindu
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The council could also consider an amnesty scheme for disputes of the pre-GST regime and a proposal to make biometric-based Aadhaar authentication mandatory for suspicious persons seeking GST registration.
Two recent communications of the Central government have indicated that rice sold in retail, irrespective of the quantity that is packaged, may soon attract 5% GST.
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