Bhatti seeks Centre’s nod for 1% cess on B2B deals
Hyderabad: Finance minister Mallu Bhatti Vikramarka urged the Centre to permit to levy one per cent cess on B2B transactions in the state under GST to meet the expenses for rehabilitation and reconstruction due to recent floods. He pointed out that neighbouring Andhra Pradesh also made a similar request. On the recommendation of the GST council, the matter has been referred to a group of ministers (GoM), in which Telangana has also been included.
Taking part in the 55th meeting of the council chaired by Union finance minister Nirmala Sitaraman at Jaisalmer in Rajasthan, Bhatti Vikramarka proposed to set up a committee of officers. It was immediately constituted by the council to examine the issue of applicable rate of tax on delivery services by delivery partners, including the restaurant services, through electronic commerce operators. The officers of Telangana have also been included in the committee.