Jueves, 25 May, 2017

GST Council meet from today to fix rates on goods, services

Tripura, Mizoram to pass GST Bills this month GST is finally through, next job is to ensure it becomes revolutionary instead of evolutionary
Galeno Paniagua | 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.

Vídeo. La locura que ocurrió durante el atropello masivo en Times Square
Rojas, de 26 años, causó la muerte de una persona y dejó a otras 22 lesionadas luego de impactar con su vehículo a una multitud . Fue galardonado con la Medalla de Servicio de Defensa Nacional y había estado destinado en Florida, Illinois y Carolina del Sur.

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.

"Somos el Real Madrid y tenemos que demostrar que somos mejores" — Cristiano
Carvajal comenzó a realizar carrera continua y apura los plazos de su recuperación para estar listo en la final de la Liga de Campeones , el 3 de junio, en Cardiff .

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.

Tizen 3.0-powered Samsung Z4 Up For Grabs In India
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.

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