GST

96 % Business units opt for GST in Madhya Pradesh

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Madhya Pradesh has recorded 96.5 per cent enrollment by business units for the Goods and Services Tax (GST) system, said a senior official.

The official further requested the Central Government to simplify the GST system to enable better implementation of the motive for which it has been launched.

“As per the latest figures, around 3,00,947 business establishments out of 3,12,518 registered ones have got enrolled with the state’s commercial tax department (CTD) for GST,” said Dharampal Sharma,  Deputy Commissioner (computer), Department of Commercial Tax, Madhya Pradesh.

“The enrollment for GST had begun on November 15 last year,” he said.

“Madhya Pradesh is among the states where a good number of businessmen have got themselves enrolled under the new tax regime,” Sharma said.

On the other hand,  city-based Ahilya Chamber of Commerce and Industry’s President Ramesh Khandelwal claimed that several business sectors have reported a dip in sales by 20 to 25 per cent with the rollout of GST.

“Earlier we had an impression that the GST will simplify the tax payment process, but unfortunately this has not happened,” Khandelwal said.

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