Tamil Nadu Food Grains Merchants Association has written to the Union Finance Minister Nirmala Sitharaman urging the Centre to redress the grievances with regard to Goods and Services Tax (GST).
The president of the association S. V. S. S. Velshankar said that when GST was introduced, the then Finance Minister Arun Jaitley had said that when GST revenue reaches one lakh crore, tax reductions and tax reliefs will be announced. Now the revenue has crossed more than 1.75 lakh crores. Tax evasion is high due to non-regularisation of tax on many products. Honest taxpayers are affected by this and many have moved out of their traditional business. Due to this there is a heavy revenue loss to the government.
Read more at: The Hindu
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