New GST scheme: Goa govt to introduce in the Budget

New GST scheme

New GST scheme: Goa Chief minister Pramod Sawant assured stakeholders to introduce new schemes under Goods and Services Tax (GST) and Value Added Tax (VAT). He said that the budget will be an inclusive one considering all types of industries. Sawant said that the demands of all stakeholders cannot be fulfilled considering the state’s revenue.

The CM, who also holds the finance portfolio, said that this budget will focus on Swayampurna Goa. He said that in the next two days meetings with all associations will be completed and the exercise to finalise the budget will be completed.

Sawant held meetings with the Goa Chamber of Commerce and Industry, the Travel and Tourism Association of Goa, the Goa State Industries Association, representatives of liquor industries, agriculturists, petrol dealers, charter accountants, solar power generation association, mining associations, shack owners association and Goa pharmacy association, among others.

The chief minister said that some of the associations have suggested reforms for ease of doing business, while some suggested new scheme under GST and VAT, some others sought exemption in collection of previous year’s VAT.

Sawant said that representatives from the entertainment sector, hotel and liquor associations have demanded that the state should introduce an entertainment policy and an advertising policy. During the meeting, heads of various departments were present.

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