Minister of State for Finance, Pankaj Chaudhary, informed the House on Monday that representations had been received seeking a reduction in GST (goods and services tax) rates on items such as knives, spoons and water pump sets.
Asked whether the government was proposing to reduce the GST slabs on the above-mentioned items, the Minister of State for Finance said that the GST rates and exemptions were prescribed by the government, based solely on the recommendations of the GST Council, which is a constitutional body comprising members of Union and State Governments. The Minister also mentioned so far that there has been no recommendation from the Goods and Services Tax (GST) Council.
In another response to questions on gold smuggling, the Minister of State said that the government was making political interventions and taking operational measures to control smuggling.
He informed the Chamber that to deter gold smuggling, Customs field formations and the Directorate of Fiscal Intelligence (DRI) maintain constant vigilance and take operational measures such as passenger profiling, interdiction and targeting of cargo shipments based on risk, non-intrusive inspection. , aircraft searches and coordination with other agencies.
The Minister said that circulars relating to new modus or methods used by gold smugglers are issued from time to time. He also added that over the past three years, the National Investigation Agency (NIA) has investigated and filed indictments in three gold smuggling cases.
(Except for the title, this story has not been edited by NDTV staff and is published from a syndicated feed.)
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