Minister for Commercial Taxes Brijendra Singh Rathore has informed that in the last one year, the tax system has been made convenient and simple by the State Government for taxpayers of all the categories.
Registration work for GST is being done through computer system. A decision has been taken by the state government to enhance the annual turnover limit for the mandatory GST registration for the taxpayers from Rs 20 lakh to Rs 40 lakh. He further said that under the VAT act, 2,90,457 registered taxpayers were migrated to GST from July 01, 2017, the number of these taxpayers has now grown to 4,17,462. After April 2019, 41,136 new registrations have been issued till date.
Rathore further informed that small manufacturing taxpayers upto 1.50 crore turnover have been given an option of composition facility, wherein they have been given an exemption to maintain their accounts. He said that now the state government has decided to bring amendments in GST rules to grant a facility to pay quarterly tax and to provide annual statement. A monthly facility to submit applications for return has been given to all the taxpayers.
Now the taxpayers could transfer the amount deposited in any wrong head due to the mistake, in the correct head themselves. Informing about the revenue receipt, he informed that the state government has received about Rs 22.30 crore in the last one year. After the GST implementation, a provision has been made to give compensation at the increased annual rate of 14 percent on the basis of revenue received during the year 2015-16 on the consolidated goods.
Rathore said that during the period, the percent of return compliance is also grown to 90 percent from 81 percent. Just in one year, 8,208 refund applications were disposed off out of 8,807 applications and the return of the claim amount of Rs 427 crore has been accepted out of Rs 529 crore. He further stated that the GST system is computerized in the state. In this regard, about 1,200 workshops have been organised and complete information about the provisions and network has been given to the commercial establishments, businessmen, tax consultants and others.
Rathore has informed that the loss compensation claim of Madhya Pradesh of Rs. 3008.98 is pending before the Government of India.. He further mentioned that the state government has presented the firm stand in every meeting of the GST council. The Union Finance Minister was urged in the recent meeting specially to release the pending loss compensation claim. Rathore informed that in the year 2019, the tax rates on electric vehicles from 12 percent to 5 percent, from 18 percent to 5 percent on their chargers and 0 percent from 5 percent on dona-pattal have been reduced in the state.
In order to boost real estate sector, the tax rate on affordable housing (Upto Rs 45 lakh value) has been reduced to one percent from 8 percent. Along with this, the tax rate on non-affordable housing has been reduced to 5 percent from 12 percent. He further said that 100 help desk facility has been ensured in the offices for the convenience of the taxpayers.
Rathore informed that a Deemed Kar Nirdharan Yojana has been introduced in the State for the convenience of the taxpayers to settle the cases without calling them in the office.