They are evaluating realignment of warehouses and supply chains, besides exploring locations to set up hubs and shutting down some distribution centres
GST making you anxious? Here is a fact-check on how new tax will impact you.
Additional solicitor-general says extra-neutral alcohol liable to new tax
The clarification comes amid reports that sweet shops have discontinued chocolate barfis and chocolate sandesh.
Proposals from the Centre's side include raising the 5 per cent slab to anywhere between 6 and 8 per cent, and doing away with the 12 per cent slab. A few states may oppose such a move because it involves hiking tax on items consumed by the poor. They have instead proposed raising the 18 per cent slab.
Govt doesn't buy restaurants' input tax excuse and has swing into action and looking into profiteering complaints on social media against prominent restaurant and franchise chains.
Experts point out that National Anti-profiteering Authority does not have the power to advise companies on depositing amounts voluntarily.
India studied the Malaysian model, which was scrapped on Wednesday, before implementing the GST and borrowed the anti-profiteering clause to ensure GST benefits are passed on to the end-consumer by the industry
The focus will be on tackling the unfinished agenda requiring immediate attention like tax structure for solar projects, uniform tax rate on state-organised and state-authorised lotteries, taxing non-potable alcohol besides certain changes in the law, extension for NAA and rate rationalisation.
Agriculture implements that are currently taxed up to 18 per cent may come under the 12 per cent or the 5 per cent bracket.
Restricting the input credit is not a good idea for any sector, particularly real estate which requires more formalisation.
Deadline ends, after two extensions and only 70% file detailed return for July
The move will help address apprehensions as well as potential disputes on various computational and transitional issues such as the loss of input credits and pricing that were bound to arise on account of the change.
Majority expect economy to slow down, but are satisfied with Modi govt's performance.
With recent rate cuts, November collections could be even less
Reaching a consensus might also get tougher, as already seen with issues like inclusion of natural gas in GST and imposition of a sugar cess, both central proposals being resisted.
Inter-state supply may come under GST composition
Simplifying the processes will lead to greater efficiencies. Bad processes will not help even if implemented well, says T N C Rajagopalan
Group of ministers to review progress every fortnight.
Arun Jaitley said he would put the DTC Bill in cold storage.
Aimed at creating a single tax for goods and services across the country, government on Friday introduced the long-pending GST Bill in the Lok Sabha for roll-out of the new regime from April 2016 subsuming various levies like entry tax and octroi.
No mention of cab aggregators in GST bills
Shikhar Dhawan was all guts and grit while negotiating tough conditions in his comeback game as he boosted Delhi's morale with a well-controlled 137 against Hyderabad in their Ranji Trophy Group A match in New Delhi. A round up of Day 1 of the Ranji Trophy matches played on Wednesday.
Its officers would wear black bands on Monday, which is also Martyrs day, the IRS Association (Customs and Central Excise) has said.
A slew of challenges that are yet to be resolved include the lack of consensus between the Centre and states over the GST exemption threshold limit, dual control over scrutiny and assessment
The list of exempted goods from central excise duty has shrunk from 400 items in 2011-12 to 300 now.
States' demand of compensation from Centre for loss of tax revenue not on agenda.
According to the draft, in the northeastern states the threshold is at Rs 500,000.
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