{"id":28985,"date":"2018-10-24T16:07:34","date_gmt":"2018-10-24T10:37:34","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=28985"},"modified":"2018-10-24T16:07:34","modified_gmt":"2018-10-24T10:37:34","slug":"govt-mulls-gst-hike-for-farmers-welfare-fund","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/govt-mulls-gst-hike-for-farmers-welfare-fund\/","title":{"rendered":"Govt. mulls GST hike for farmers\u2019 welfare fund"},"content":{"rendered":"<p><strong>Govt. mulls GST hike for farmers\u2019 welfare fund<\/strong><\/p>\n<p>News:<\/p>\n<ol>\n<li>GoM proposes to rise 1% GST as an alternative to sugar cess that had proposed earlier.<\/li>\n<\/ol>\n<p>Important facts:<\/p>\n<p>2. Rise in GST will helps to finance farmers welfare fund.<\/p>\n<p>3. The states can use the amount to\u00a0to fulfill the needs of all farmers as against the sugar cess that will help only sugarcane famers.<\/p>\n<p>4. The decision came when several states, namely kerala shows its reservation towards sugar cess.<\/p>\n<p>5. Imposing a cess is against the basic principle of GST<\/p>\n<p>6. Under the proposed hike of GST rates, additional revenue will be shared between the Centre and States.<\/p>\n<p>7. Out of the proposed 1% raise, 0.5 will be used by the Center and the rest by the states.<\/p>\n<p>8. A Group of Ministers (GoM) also considered reduction in the GST on ethanol and increasing the government subsidy for export of sugar.<\/p>\n<p>9. The proposed GST cut on ethanol is 18%to 5%.<\/p>\n<p>10. Government is also planning to increase the export subsidy to sugar to make its price competitive in international market.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Govt. mulls GST hike for farmers\u2019 welfare fund News: GoM proposes to rise 1% GST as an alternative to sugar cess that had proposed earlier. Important facts: 2. Rise in GST will helps to finance farmers welfare fund. 3. The states can use the amount to\u00a0to fulfill the needs of all farmers as against the&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/govt-mulls-gst-hike-for-farmers-welfare-fund\/\">Continue reading <span class=\"screen-reader-text\">Govt. mulls GST hike for farmers\u2019 welfare fund<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[555],"tags":[],"class_list":["post-28985","post","type-post","status-publish","format-standard","hentry","category-test-1","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704888825},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/28985","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=28985"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/28985\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=28985"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=28985"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=28985"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}