The broad trends of GST collections will make you wonder if indeed the biggest indirect tax reform in the country has led to a real improvement in revenues, notes A K Bhattacharya.
Inter-state supply may come under GST composition
Over the past six months Rajasthan has introduced some of India's most radical free-market labour, land and welfare reform.
The government introduced the 122nd Constitution amendment Bill.
"Our existing institutional arrangements for managing inter-state rivers seem to have broken down. Unless we create effective institutional arrangements, sharing of river waters is likely to become a source of internal conflict."
A high-level security review meeting held between senior police official of Assam and Meghalaya in Guwahati on Wednesday decided to launch joint operation against marauding Garo National Liberation Army militants. The ultras have killed 12 people, including five policemen and seven villagers on both sides of the inter-state boundary since Sunday.
GST council may propose a faster refund procedure, deferment of electronic way bill, further simplification of composition scheme
Jaitley said the GST Composition Scheme, under which small traders and businesses pay a 1 per cent tax based on turnover, can be availed by businesses with a turnover of Rs 1.5 crore, against the earlier Rs 1 crore, with effect from April 1.
'You cannot fight a disease as complex as COVID-19 without a carefully calibrated, localised response.'
Once the GST is passed, the centre and states will have to adopt their own law.
NCSN-IM members were firing upon a NSCN-K hideout when reports last came in.
Restaurants with 50 per cent capacity, weekly markets and religious places will reopen in Delhi from June 14, Chief Minister Arvind Kejriwal announced on Sunday, saying the COVID-19 situation has significantly come under control in the city.
The top court said that every month on 3-4 Saturdays, the advocates are on strike on one pretext or the other and had the lawyers worked on those days, it would have achieved the ultimate goal of speedy justice, which is now a fundamental right.
The passage of the bill will pave the way for setting up of a GST council that will decide the tax rate, cess and surcharges.
Officials said the study would have started earlier as it was planned to be conducted with the rapid antibody test kits brought from China.
The consensus was reached after the Centre agreed to the demand of states to go in for horizontal split
GST is levied on every transaction in the supply of goods and services, barring certain exempted items
Revenue buoyancy of GST will be key to improve the resource position of both central and state governments.
World Athletics on Tuesday suspended the qualification period for the Tokyo Games from April 6 to November 30, 2020, following consultation with its Athletes' Commission, continental association presidents and the Council. India's Deputy chief national coach Radhakrishnan Nair the decision would disappoint many Indian athletes.
'India finds itself in an unenviable situation today with its prospects diminished by acutely polarised domestic politics and the setbacks suffered during the pandemic,' notes Ambassador Shyam Saran, the former foreign secretary.
GST compensation law allows for imposition of cess on certain luxury goods like tobacco, high-end cars and aereated drinks to create a corpus for compensating states for any loss of revenue in the first five years
There was no announcement from the government on guaranteeing a minimum basic income, which is the need of the hour. The announcements on portability of ration cards and affordable rental housing to workers are for the long and medium terms. Migrant workers need immediate relief.
Jaitley says govt is open to scrapping 1% additional tax on GST
The system has gone through three rounds of testing for its load-bearing capacity.
The shift was sudden, quite unlike Shukla's departure from North Block, which had been anticipated for some months even before Singh''s first Budget.
Its officers would wear black bands on Monday, which is also Martyrs day, the IRS Association (Customs and Central Excise) has said.
"This rationalisation is 3-4 month exercise," he said, adding that the GST Council decided on the rate cut on the recommendation of a Fitment Committee.
Maharashtra has reported the highest number of COVID-19 cases with 74, including three foreigners, followed by Kerala at 52 including seven foreign nationals.
By doing away with the 1 per cent inter-state tax over and above the GST rate, the government has met one of the three key demands over which Opposition Congress has been blocking the Bill in the Upper House
The council decided not to levy any additional tax on small petrol and diesel cars of up to 1200 cc as well as on hybrid ones.
The Council also discussed process to make return filing simpler with just one return to be filed every month.
Opposition members trooped into the Well, resorting to high-decibel sloganeering.
Pakistan has criticised India over alleged human rights violation in Kashmir and threatened to expose the country in the world over the "abysmal rights situation" in other parts if it continued to talk about Balochistan.
Dairies, milk plants, grocery shops, chemists and petrol pumps, ATMs, e-commerce services of essential items like food and medicines will remain open, he said.
1.03 crore taxpayers have been registered under GST till February 25, of which 17.65 lakh are composition dealers who are required to file returns every quarter.
Meanwhile, Union Home Minister Rajnath Singh said the state governments have been asked to identify Rohingya refugees in their regions and collect their biometric details.
'It shows that they cannot manage the situation with the forces in their hand.'
At least a dozen officers from Gujarat are handling key assignments in various important central positions
The UN General Assembly on Thursday unanimously adopted a resolution which calls for counter-terrorism measures, including the use of remotely-piloted aircraft or drones, to comply with international law.
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