KCCI Holds Meet on GST for Businessmen
Kochi: In a bid to ease difficulties faced in filing GST (Goods and Services Tax) returns, the government has given exemption for the first two months, said Adv. Jose Jacob, Head, Indirect Tax and Corporate Law, Fosbury Consulting.
He was addressing a GST evaluation meet organised by Kerala Chamber of Commerce and Industry (KCCI). Though the due date for filing returns is September 10, it has been extended to 20th for the first two months. The participants stressed the need to have more clarity on the newly-introduced tax system and explained the practical difficulties faced by them. In response to a query raised on GST in printing industry, Advt. Jose Jacob said that by filing returns separately traders can avail the tax benefit. He also said that educational institutions do not come under the purview of GST and hence don’t require GST registration.
In reply to a query on the sale of medicines through pharmacy in hospitals, he said that if medicine bill is included in the general bill at the time of discharge, there is no need to add GST applicable to medicines. But if the sale is through counter, both IP and OP, sales come under the purview of GST and are hence taxable, he added. He further said that religious institutions and ‘prasadam’ from temples don’t come under the purview of GST. Auditoriums on the temple premises also don’t come under GST, he explained.
Raja Sethunath, Chairman, KCCI, presided over the function that was also attended by A J Rajan IAS (Retd.), Secretary, KCCI; K N Marzook, former Chairman and Present Director, KCCI and Kiran Pothady, Executive Member, KCCI Youth Forum.