New Delhi, May 24 -- The Finance Ministry has ruled out GST waiver or deference to businesses as part of the economic relief package to help them cope with the situation arising in the wake of Covid-19 pandemic and the resultant nationwide lockdown.
In discussions within the ministry, it has been said that Goods and Sales Tax exemption or deferral is not required as it would not given any benefit to industry but seriously impact the revenues of both the states and the Centre.
With the Centre announcing a mega relief package of Rs 20 lakh crore as part of the Atmanirbhar Bharat Abhiyan, there have been oft-repeated demands for the GST wavier, this time for a period of six months. The argument given is that GST exemption would lead to reviv...