GST Council meet from today to fix rates on goods, services
GST Council meet from today to fix rates on goods, services
GST is finally through, next job is to ensure it becomes revolutionary instead of evolutionary
20 May, 2017, 05:36
Most of the States in the country have already passed the State GST Bills.
The meeting of the Fitment Committee and preparatory meeting of the officers was convened at SKICC here today in this regard. Services are likely to be placed in two slabs of 12 per cent and 18 per cent, with a likely status quo for now exempted services.
The GST Council had decided on the tax slabs a year ago, with another "zero tax rate" on several items that approximately constitute half of the consumer price index basket including foodgrains.
The states would receive provisional compensation from Centre for loss of revenue due to abolition of taxes such as VAT (value added tax), octroi and implementation of GST. The maximum cess on pan masala has been capped at 135 per cent and for tobacco it is capped at 290 per cent or Rs 4,170 per 1000 sticks.
The fitment panel has been working on the principle to fix tax rates closest to the present incidence of taxation on good or services. The tax rates will also be decided keeping in mind their impact on inflation.
Certain items such as gold will fall outside the four-tier slab structure, and the final rate is expected to be finalized by tomorrow, taking opinion from all the states.
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Also, the less awareness of Tizen OS in Indian market can be a threat for Samsung resulting in low sales. This smartphone has a 4.5-inch display that has WVGA (800x480 pixels) resolution with 2.5D curved glass.
The original plan was to have a single tax rate-18 percent-for services under GST that would have made most services costlier under the new system. On top of that there are over 60 services, like religious pilgrimage, healthcare, education, skill development, journalistic activities, which are exempt from service tax. So, there is to be one rate of GST if a hotel room costs less than Rs 1,000 per night and another if the room costs up to Rs 2,500 and so on - a total of four GST rates will apply to hotels and, by extension, to the restaurants in them.
Makai Bangoura was taken by his father Jason Lam, 30, in a tan 2000 Toyota Corolla with CA license plate 5SEY238 , the CHP said. CHP headquarters tweeted out information about the Amber Alert shortly before 2:30 p.m. on behalf of San Francisco police.
The ambitious project envisages bringing in a new era of safe and comfortable travel, said a senior Railway Ministry official. Kedarnath housing the shrine of Lord Shiva, is one of the 12 Jyotilingas at 3,583 metre height, while Badrinath housing.
Moto E4 Plus , on the other hand, will sport a slightly bigger 5.5-inch display with a resolution of 1280 x 720 pixels. The smartphone comes with 1GB/2GB of RAM and 16GB internal storage which can be expanded up to 32GB via microSD card.
They enter deep waters in the Preakness, but the smaller field size and outside post are both positives heading into the race. Casse likes the neighboring posts. He never was a real charismatic, amusing person, mentor and Hall of Fame trainer D.
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Fernandes said of the improved effort after halftime: "Basically (coach) Peter (Vermes ) had to scream at us in the locker room". The Seattle Sounders' season plunged to new depths on Wednesday night, courtesy of a 3-0 loss to Sporting KC .
The deal also fast-tracks US approval of Chinese poultry imports and gives Chinese banks more access to the USA market. The U.S. has emphasized its safe production system, and most concerns have been addressed, he said.
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TRADEMARK VIOLATION NOTICE: This piece of content was posted by Sports Perspectives and is the property of of Sports Perspectives. About CVS Health Corp CVS Health Corporation, together with its subsidiaries, is an integrated pharmacy healthcare company.
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He said, "It would fill up Delhi's infrastructural deficit that has led to cropping up of unauthorised colonies". The returned portion of the land will have its value increased due to the development of infrastructure nearby.