×
E-PAPER ▾

E-paper

Business

2 weeks into GST: Council to take stock today

| | New Delhi

Over two weeks into the GST regime, the all-powerful GST Council will meet on Monday to take stock of the implementation of the new indirect tax.

This will be the first meeting of the Council since the launch of the Goods and Services Tax (GST) on July 1 and the 19th since it was set up in September last year.

But unlike the earlier meetings, when the states and Centre used to sit across the table and decide on a plethora of issues, this time the interaction would happen through video conferencing.

“19th Meeting of GST Council under the Chairmanship of FM Arun Jaitley will be held through Video Conferencing on July 17 in Delhi,” the finance ministry tweeted.

After the last Council meet on June 30, it was decided that next meeting will happen on August 5.

But the date of the meeting, sources said, was advanced as the Council wanted to take stock of the situation post the rollout and get a nation-wide report.

The council, chaired by Jaitley and having state finance ministers as members, has over the past 10 months ironed out various contentious issues and decided on a four-tier tax structure of 5, 12, 18 and 28 per cent.

Over the last two weeks, the ministry has been issuing clarifications on doubts raised by industry.

Besides, Revenue Secretary Hasmukh Adhia has held a marathon six-day ‘GST Master Class’ for businesses and traders explaining the rules of the new tax regime and answering their queries online.

The finance ministry had earlier said the GST has been implemented “without any major problems being reported” from the field offices.

The ministry has also asked businesses to register themselves for the new indirect tax regime by logging on to the portal https://www.Gst.Gov.In/ latest by July 30.     

 
 
 

TOP STORIES

Sunday Edition

View All

Of 4,862 large dams, only 349 have emergency disaster action plans: CAG

23 Jul 2017 | IANS | New Delhi

Only 349 of 4,862 India's large dams have emergency disaster action plans in place, the Comptroller and Auditor General (CAG) of India's performance report on flood control and management schemes of the Water Resources Ministry has revealed. "Out of 4,862 large dams, emergency action plans or disaster management plans of only 349 dams, which is seven per cent, were prepared (March 2016)...

Read More

STATE EDITIONS

View All

Ex CM takes a jibe at Chitnis for not withstanding promise made in assembly

26 Jul 2017 | Staff Reporter | Bhopal

Taking a jibe at Woman and Child Development Minister Archana Chitnis, former Chief Minister and the ruling Bharatiya Janata Party (BJP) senior member Babulal Gaur on Tuesday said in the Assembly that he is hurt when the Minister does not keep her promise made in the House. While Chitnis was replying to a query posed by Moti Kashyap of the BJP on electricity arrangements in anganwadis, Gaur sought permission from Speaker...

Read More

Page generated in 2.2522 seconds.