An unequal burden Via Madhukar Shukla with the quote "...for the GST paid on the purchase of any input – whether fertiliser, pesticide, pheromone trap, tractor, drip/sprinkler irrigation systems or other agri equipment – the farmer has no means to using it for reducing his tax liability (ITC - Input Tax Credit)... The actual reason is simply that all farm produce attract zero GST. Hence, there’s no way a farmer can claim credit to the extent of GST paid on purchases when he makes a sale..."
Saturday, September 28, 2019
An unequal burden
An unequal burden Via Madhukar Shukla with the quote "...for the GST paid on the purchase of any input – whether fertiliser, pesticide, pheromone trap, tractor, drip/sprinkler irrigation systems or other agri equipment – the farmer has no means to using it for reducing his tax liability (ITC - Input Tax Credit)... The actual reason is simply that all farm produce attract zero GST. Hence, there’s no way a farmer can claim credit to the extent of GST paid on purchases when he makes a sale..."
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