The GST is a destination-based single tax on the supply of goods and services from the manufacturer to the consumer and is one indirect tax for the entire country.
The GST Council had earlier agreed on a four-tier tax structure - 5, 12, 18 and 28 per cent - along with a cess on luxury and sin goods such as tobacco, panmasala and aerated drinks. The rates fixed will be charged from July 1, the scheduled date for rolling out GST.
Kerala Finance Minister Thomas Isaac made a case for 5 per cent tax on gold under GST instead of 1 per cent being demanded by some quarters as he felt that the precious metal is not an essential commodity. Kerala also favours revenue neutral fitment of tax rates so that it does not lead to either drop or rise in tax revenues of the government. "It is not a commodity for the poor". The two-day crucial meeting is being held at the Sher-e-Kashmir International Convention Centre (SKICC) in Srinagar. Total debt for the sector is at around Rs 4.5 lakh crore, while revenues are around than half this.
"We should have given more time to go through the GST and VAT Bills", Mishra said.
Notably, a workshop on the GST was organised on Wednesday for the legislators, where some of them said they did not understand some of the clauses of the proposed legislation.
Jammu and Kashmir is the only state in the country that has a constitution of its own which is applicable here concomitantly with the Indian constitution. He said J-K, which is the only state enjoying special taxation powers, will make necessary changes to pass the GST bill, which is billed as the biggest tax reform in the history of independent India. However, with 12 or 18 per cent tax, services are expected to get more expensive. The list will be exempted from the service tax, this includes religions pilgrimage, education, healthcare, journalistic activities, education and skill development.
Hinting at joining politics, Rajinikanth said, "You have responsibilities and so do I. go home and do the needful". Since then, politicians have misused my name on several occasions. "My fans have made me a Tamilian".
A ban on electronic devices larger than a smartphone was introduced on flights to the U.S. from 10 airports back in March. The IATA estimates that the restrictions would affect 390 flights a day if applied to all of Europe .
Not only does Martinez have five homers in six games since coming off the disabled list, but he's walked a remarkable nine times. Bryce Harper hit his 13th home run and Ryan Zimmerman delivered a two-run double to lead Washington to a win over Pittsburgh.
Even if a pool is properly maintained, Crypto can still pose a challenge, as it's able to survive up to 10 days in clean water. Experts are unsure if the parasite is becoming more common, or if the reason for the spike is simply more people reporting it.
After the sentencing, the ex-intelligence agent changed her name to Chelsea Manning and identified as transgender. Whatever is ahead of me, is far more important than the past, The Guardian quoted Manning, as saying.
God Bless", said the star. "It was presented to me as a one night only kind of thing and I agreed to it", Morgan said. Underwood wrote on Twitter before Friday's (May 12) NHL Stanley Cup Playoffs game against the Ducks.
While arriving at a price target, analysts and investors alike use various metrics to determine where the stock might be directed. After a recent look, shares have been seen -2.79% from the 200-day moving average, and -3.42% from the 50-day moving average.
The judges said India had a "plausible" argument that Pakistan violated global law by refusing to grant consular access to Jadhav. The worldwide court of justice, sometimes referred to as the world court, is the UN's court for hearing disputes between states.
Laura Ashley Murphy, 22, of Salisbury, was the driver of the black 2017 Volkswagen Tiguan involved in the crash. A woman was driving on the wrong side of the road, police said, when she struck another vehicle head on.
The three have substantial footprints in commercial and investment banking, so their business models would be severely impacted. Mnuchin added, "There'll be a box that you have to check that says, I'm eligible for the business tax, which is 15 percent".
Green, who previewed his call with a tweet earlier, said it was the House of Representative's "duty" to take up impeachment. The president must be impeached!" Waters has received her fair share of impeachment backlash from Trump supporters.
Blizzard REVEALS new Skins and voice lines
All the Overwatch and Blizzard fans are in for a massive treat next week as the developer prepares for the big Anniversary Event. In the lead up to the event, Blizzard has revealed new skins for Soldier 76, Pharah, Bastion and Zarya (via PvP Live ).
Gay Couple Sentenced to 85 Lashes By Sharia Court
The appeal comes following the news that two gay men will be publicly caned 85 times for having sex out of wedlock. . Aceh is the only province in the world's most populous Muslim-majority country which implements Sharia law.
Nigeria identifies 82 freed Chibok girls; parents await word
The girls said they wanted to go back to school so a nine-month reintegration programme was designed for them, the minister said. Boko Haram took the girls because they are against children - especially girls - getting an education, like they do in the UK.
Winona County remembers fallen law enforcement
Bullhead City Police Chief Brian Williamson also used a personal connection to describe what the occasion means to him. Pittsfield Police Chief Michael Wynn says it honors law enforcement officers who have died in the line of duty.
14th GST council meet begins in Srinagar today
The full details of the goods and services, and the rates applicable thereof, are likely to be released officially on Friday. ACs and refrigerators will fall in the 28 per cent tax slab while life-saving drugs have been kept at 5 per cent rate.
Philippine Economic Growth Eases In First Quarter Of 2017
Meanwhile, the agriculture sector recovered with 4.9 percent growth from a decline of 4.3 percent from the previous year. Exports grew 20.3 percent in the first quarter from a year earlier and domestic consumption rose 5.7 percent.
Would Trump request to end Flynn probe have broken law?
The New York Times was the first to report on a February memo by Comey that suggested Trump asked him to lay off Flynn. Trump, with any notes or alleged tapes of their conversations, in order to sort through what was asked of Comey.
Ford To Slash Up To 20000 Jobs Worldwide
The automaker said on April 27 when it posted earnings for the first quarter than it was planning to cuts costs by $3 billion. Ford's global headcount sits at some 200,000 employees, so 10 percent comes out to about 20,000 potentially lost jobs.
Jack in the Box Inc. Shares Surge Despite Lowered Outlook
The restaurant operator reported $1.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.24 by $0.06. Shares of Jack in the Box Inc . closed the previous trading session at 101.89 up +2.33 2.34% with 1,949,348 shares trading hands.
Syrian opposition seeks extension of current Geneva talks
A former Syrian army colonel who joined the opposition said what the State Department revealed about Saydnaya "is not surprising". Ambassador Bashar Jaafari held a very brief meeting with de Mistura on Tuesday and left without speaking to the media.