- Tag results for GST Council
Kerala will tweak its annual plan to cater to fresh requirements after the catastrophic flooding.
The scheme, once implemented, will let customers making payments using Rupay card or BHIM UPI get a cashback of 20 per cent of the total GST amount, subject to a maximum of Rs 100.
The MSMEs want the Centre to bring clear guidelines on anti-profiteering, as the current law is open to multiple interpretations.
Once implemented, customers making payments using Rupay card or BHIM UPI will get a cashback of 20 per cent of the total GST amount, subject to a maximum of Rs 100.
Currently, the GST council has four tax slabs of 5 per cent, 12 per cent, 18 per cent and 28 per cent under Goods and Services Tax.
Other electronics majors like LG, Panasonic and Godrej have already announced the reduction in prices from 7 to 8 per cent extending the benefits to the consumers.
Earlier this year, Akshay narrated the story of Arunachalam Muruganantham, who introduced the low-cost sanitary napkins in India, in "Pad Man".
ASSOCHAM expressed a view that any amendment in rules should first involve stakeholders' consultation before being pronounced.
Government exempted GST on Sanitary napkins, deities made of stone, marble or wood, Raakhis without precious metals. raw materials used in brooms, commemorative coins, fortified milk.
Decision on single tax returns form is most-awaited; lowering tax slabs on 30-odd items, cess on sugar to be considered.
It termed the slowing down of the industrial output in May to 3.2% and the inching up of the retail inflation in June to 5% as short-term challenges.
Of the rising petrol and diesel prices, Pradhan pointed out that the petrol and diesel prices have been made market determined by the government.
New System for filing returns, rationalisation of tax slabs and legal changes of the structure will top the agenda of the GST council meeting but will skip bringing natural gas under ambit of GST.
GST Council to consider tax reduction on items with low revenue impact on Jul 21, sanitary napkins on the list
The items which could be considered for cutting of tax rates might include sanitary napkins, handicrafts and handloom goods, besides certain services.
GST Council to discuss annual return forms on Jul 21; reconciliation expected with Income Tax Returns
The GST Network, which manages the IT backbone for the new indirect tax regime will thereafter finalise the software to enable businesses to file the returns.