Karnataka assembly passes bill to track, trace tobacco and arecanut to plug GST leakage
Bengaluru, Aug 14 (PTI): The Karnataka Legislative Assembly on Thursday passed a bill to implement a track-and-trace mechanism to plug GST leakage in tobacco and arecanut products.
Piloting the Karnataka Goods and Services Tax (Amendment) Bill for the consideration of the House, state Revenue Minister Krishna Byre Gowda said there is a huge difference between sales and what's being declared.
With this bill, track-and-trace mechanism is being introduced into the value chain, using which all ingredients will be tracked, right from the primary product to the final product, and with the help of this, the volume of sales can be detected.
The Bill also aims to curb the misuse of input tax credit (ITC).
"Some people are illegally claiming ITC. There are ITC refund scams being widely reported. We need to apply a systemic fix for this...,” the Minister said.
Meanwhile, the Karnataka Decriminalisation (Amendment of Provisions) Bill was tabled in the Assembly.
The bill provides for tweaking 12 existing laws for “decriminalising and rationalising offences and to further enhance trust-based governance for ease of living and doing business”.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
2026 Assembly polls charged up due to TVK entry: Actor Vijay tells cadres
Chennai (PTI): Actor-politician Vijay on Monday claimed that the political atmosphere in Tamil Nadu is charged up due to TVK’s entry and urged his party cadres to strive for a victory in the upcoming Assembly election to Tamil Nadu and gain political recognition.
He said with the overwhelming support of the people, the Tamilaga Vettri Kazhagam members should fight the electoral battle with determination and unity to "achieve the democratic goal of seizing the reins of governance."
Vijay launched the TVK on February 2, 2024.
In a post on 'X', Vijay said, "The joyful third year of TVK begins today. Having completed two years naturally and beyond the norm, our political journey continues."
He claimed the TVK was an "immeasurable deep sea" which ignored distractions and never lost its balance in its political journey. The party was the "victorious battle cry of power politics for the common people," Vijay claimed.
The 2026 Assembly election, he said, carried a new environment that had never seen before.
"Everyone says that the only reason for this is our political beginning. Therefore, in this situation, let us make the field our own, and with clear and skillful strategy, move towards political recognition through electoral victory," the actor said.
"With the overwhelming support of all the people, let us fight with determination and unity, and firmly achieve the democratic goal of seizing the throne," Vijay further said.
