Thomas Isaac has been in and out of the national news in his role as Kerala's finance minister since 2018 for various path-breaking tax initiatives. But it is 2020 that he has become more prominent, principally in the GST council.
The panel decided to omit the reverse charge mechanism (RCM) clause from the GST law under which registered taxpayers buying from unregistered taxpayers have to deposit the GST.
Several newly elected MLAs including Navjot Singh Sidhu, Manpreet Singh Badal, Brahm Mohindra, Tript Rajinder Singh Bajwa, Rana Gurjit Singh, Pargat Singh, Razia Sultana, O P Soni are in the race for becoming ministers, party sources said.
With the creation of the state of Telangana, additions were made to ToRs of the 14th Finance Commission to make recommendations for the newly created states after the reorganisation of Andhra Pradesh.
A memorandum, signed by the chief ministers or finance ministers of Andhra Pradesh, Puducherry, Karnataka, Delhi, West Bengal, Kerala and Punjab, said the terms were disruptive and a cause for concern.
While Union Finance Minister Nirmala Sitharaman reiterated her stand that the central government was committed to cooperative federalism, finance ministers of non-BJP ruled states such as Punjab and Kerala said she refused to give a categorical assurance that states will be paid compensation on time.
Sidhu asserted that he will continue to appear on The Kapil Sharma Show.
The GST Council's agenda includes trimming the number of items in the 28 per cent slab by 75 per cent, easier compliance for assessees and small taxpayers, and a presentation on bringing real estate under GST.
Inter-state supply may come under GST composition
'I have promised that I will eliminate the problem within four weeks.' 'We know -- in fact everybody in Punjab knows -- who are the people who control the drugs supply and trade.' 'We need to tackle them.'
With Maharashtra and Haryana assembly elections, results for 51 assembly and two Lok Sabha bypolls spread across 18 states were declared on Thursday. Here are state-wise results of the bypolls.
The party is finding increasing acceptability in the 18-35 years age group with Rahul Gandhi adding a million followers in the past 2 months and Facebook and Twitter also seeing similar spikes.
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