The recommendation has been made by a group of ministers headed by Assam Finance Minister Himanta Biswa Sharma and will be taken up for discussion at the next GST Council meet on November 10.
In a bid to address consumers’ discontent with the Goods and Services Tax (GST), Government is likely to come out with a fresh order to make it mandatory for restaurants, malls and other shopping outlets to include GST in the maximum retail price (MRP) of the goods and services.
According to a report by Business Today, the recommendation has been made by a group of ministers headed by Assam Finance Minister Himanta Biswa Sharma and will be taken up for discussion at the next GST Council meet on November 10.
Ever since the launch of GST on July 1, there have several complaints by consumers that some retailers have been charging GST over and above the MRP of products. Consumers are also of the opinion that government should make it clear if the MRP remains the maximum chargeable price or not.
The ambiguity over MRP prevails as businesses are allowed to separately indicate the GST component and the selling price while filing tax return in the new tax regime.
It has also been learnt that the panel is in favour of extending the quarterly filing of returns facility to all taxpayers. Currently, businesses with a turnover of up to Rs 1.5 crore are allowed to file returns and pay taxes every quarter.
Ahead of elections in key states of Gujarat and Himachal Pradesh, the Modi government seems to be in an overdrive mode to ease worries of consumers and traders regarding the GST.
On Monday, the deadline for filing of July GSTR-2 was extended by a month to November 30 and that of GSTR-3 was extended to December 11. Earlier on October 7, government had made a host of changes including reducing taxes on certain products and increased turnover threshold for businesses.