Arun Jaitley attends Cabinet meeting, to chair The next GST Council meeting on May 4
New Delhi. The simplification of return filing will be the next GST Council meeting on 4th May with the agenda to convert GSTN into a government company. There are many important decisions, including the cess on sugar in this meeting. An official from the Finance Ministry told this information.
Cess can also be found on sugar
The GST council’s next meeting agenda is fixed. Simplifying return filing in the agenda means that implementing single form arrangements, turning the GSTN into a government company.
However, there is also a discussion that a sugar can also be taken cess. In fact, the prices of sugar have dropped significantly and it is also difficult to replenish the cost of sugar mills. It is believed that the government will reduce the problem of farmers and sugar mills by releasing cess.
Cess ends after GST is Implemented:-
Earlier, the government had imposed a cess of Rs 124 per quintal on sugar mills, whose burden was put on the Consumers. The money received through CESS goes to the Sugar Development Fund being managed by the Food Ministry, which is used in the modernization and expansion of mills. However, the cess is not applicable now, as many indirect tax was found in the same time with the introduction of Goods and Services Tax regime in July.
GOM’s GIve an Offer
Recently, a Group Of Ministers had proposed to impose an output linked subsidy and cess on sugar to help support sugar prices and reduce cane areas.
Increased pressure on prices from record production
Compared to a year ago, after the production reached 10 million tonnes in this season, after reaching record high of 3.1 million tonnes, the wholesale prices of sugar reached 28 months low. The Government has made export of sugar mandatory for mills to get rid of surplus.
Although there is pressure on sugar prices in the global market, in this case, the sugar industry is demanding subsidy from the government on export.