Items likely to see slash in tax rates are those used in every households, including sanitary ware, suitcase, wall paper, plywood, stationery articles, watch, play instruments, among others, said Modi, who heads a five-member Group of Ministers (GoM) to monitor technology-related implementation issues of the GST.
The objective behind lowering tax on these items falling in top slab is to give more relief to the small businessmen and consumers, he added.
Modi, who also holds portfolios of finance and commercial taxes in Bihar, said that he would raise the issues of giving more relief to small taxpayers (businessmen) at the Guwahati GST council meeting.
He said that he has held three separate meetings in the past 10 days with the representatives of various trade and business bodies from different districts.
On the basis of opinion and suggestions received from various businessmen, trade representatives, the Bihar Deputy Chief Minister said he would raise the issue of simplifying HSN (Harmonized System of Nomenclature) code, invoice matching, filing of returns at the meeting.
Modi said he would also raise the issue of filing of quarterly returns for all businessmen, reducing late fee for delay in filing returns from Rs 200 per day to Rs 50 per day, besides the issue of bills generated for common consumers, which must include GST in Maximum Retail Price (MRP) itself.
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