Nifty99000 100%

Sensex99000 100%

Article rating: 4.0
Article rating: 3.7
Article rating: 5.0
Article rating: 4.0
Article rating: 4.5
Article rating: 3.8
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
RSS

News

Publishers urge government to keep books out of GST net

Author: IANS/Saturday, May 27, 2017/Categories: TRACKING THE GST

Publishers urge government to keep books out of GST net

New Delhi (IANS) - The Federation of Educational Publishers in India (FEPI) on May 27 urged the government to addresses some "inadvertent anomalies" that have crept into the tax structure for books under the proposed GST regime. Addressing its concerns to Prime Minister Narendra Modi and Finance Minister Arun Jaitley, the FEPI -- an umbrella body of over 2,000 publishers - said that according to the final Goods and Service Tax (GST) slabs, books had been largely exempted from tax.
 
 The publishers' body, however, added that some categories of books, such as those for colouring, drawing, workbook of all types and exercise books, have been made taxable under the GST structure.
 
"We would like to point out that these books are for children, who have just entered the schools and are in the age group of three to 12. This additional tax will pose financial burden on their parents. We request the government to immediately rectify this," said S.K. Ghai, the FEPI President.
 
Science practical and lab manuals, and maths activity manuals with printed material and some blank pages have also been put under the taxable category. Terming these "anomalies" as a "major oversight", FEPI General Secretary R.K. Gupta urged the Finance Minister to roll it back. 

"This will lead to a major burden on millions of children and their parents, who shall have to bear the burden of more expensive books. These books for tiny tots not only bring out the hidden talent of children but also help them shape their creativity and evolve into good human beings," said Gupta. He further added that all types of books should be kept away from the GST. 

Print Rate this article:
No rating

Number of views (173)/Comments (0)

S Vijaykrishnan
S Vijaykrishnan

IANS

Other posts by IANS
Contact author

Leave a comment

Name:
Email:
Comment:
Add comment

Name:
Email:
Subject:
Message:
x

Videos

Ask the Finapolis.

I'm not a robot
 
Dharmendra Satpathy
Col. Sanjeev Govila (retd)
Hum Fauji Investments
 
The Finapolis' expert answers your queries on investments, taxation and personal finance. Want advice? Submit your Question above
Want to Invest
 
 

Categories

Disclaimer

The technical studies / analysis discussed here can be at odds with our fundamental views / analysis. The information and views presented in this report are prepared by Karvy Consultants Limited. The information contained herein is based on our analysis and upon sources that we consider reliable. We, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and we are not responsible for any loss incurred based upon it. The investments discussed or recommended in this report may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position and using such independent advice, as they believe necessary. While acting upon any information or analysis mentioned in this report, investors may please note that neither Karvy nor Karvy Consultants nor any person connected with any associate companies of Karvy accepts any liability arising from the use of this information and views mentioned in this document. The author, directors and other employees of Karvy and its affiliates may hold long or short positions in the above mentioned companies from time to time. Every employee of Karvy and its associate companies is required to disclose his/her individual stock holdings and details of trades, if any, that they undertake. The team rendering corporate analysis and investment recommendations are restricted in purchasing/selling of shares or other securities till such a time this recommendation has either been displayed or has been forwarded to clients of Karvy. All employees are further restricted to place orders only through Karvy Consultants Ltd. This report is intended for a restricted audience and we are not soliciting any action based on it. Neither the information nor any opinion expressed herein constitutes an offer or an invitation to make an offer, to buy or sell any securities, or any options, futures or other derivatives related to such securities.

Subscribe For Free

Get the e-paper free