Madikeri, Sep. 25: All traders must implement the new tax system implemented by the central government from September 22.
It is against the law for traders to sell goods purchased by paying more tax in the past at the old price until they are sold, and the Commercial Tax Department has taken action in this regard. On September 24, the investigation team of the Commercial Tax Department visited several commercial shops in Madikeri and imposed fines.
On September 23, former Assembly Speaker K G Bopaiah complained to the District Collector after finding that the old tax was being charged in two shops in Madikeri while he was buying goods. He also explained this to the Joint Commissioner of the Tax Department over the phone and asked for immediate action in this regard. In this context, on September 24, the investigation team of the Tax Department came to Madikeri and visited several shops and checked the documents. They imposed fines on two shops that were collecting the old tax without collecting tax under the new system. Madikeri Commercial Tax officials have also clarified this. On the 19th, the government issued a notification on page 47 (from the first page) and instructed to implement the new GST system with effect from the 22nd. Therefore, the tax officials have instructed all traders to implement the new system. While paying tax next month, the officials have instructed them to enter the tax information collected up to the 21st and the tax information collected from the 22nd to the end of this month separately and pay GST.
Responding to the suspicions of many traders that if the goods purchased before the 22nd were sold at a lower tax rate and sold now, there would be a loss, Senior Auditor Abdul Rehman clarified that there would be no loss due to any reason and that as per Section 14, the input tax is in the name of the trader, there would be no confusion.
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