BJD Rajya Sabha member Amar Patnaik has urged Union Finance Minister Nirmala Sitharaman to amend the Income Tax Act and the GST Act to ensure that the District Mineral Foundations (DMFs) are exempted from taxes.
In a letter, Patnaik has requested the Finance Minister to amend the Income Tax Act 1961 exempting the DMFs from tax and the filing regulations.
He has also requested the Minister to introduce an amendment to the GST Act so that services offered by the DMFs are exempted from GST.
Under the GST law, the activities of the Governments and local bodies and trusts registered under Section 12 A of the Income Tax Act, 1961 are exempted from GST. While public services/activities such as roads and public transport are exempted from tax, many other public services are taxed.
So, Patnaik has requested the Union Finance Minister to clear the confusion and amend the GST Act.
