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Cabinet clears 4 GST Bills to go ahead with July 1 rollout
Pushing India’s biggest tax reforms at a faster pace, the Union Cabinet headed by Prime Minister Narendra Modi on Monday approved four legislations — Central GST Bill, the Integrated GST Bill, the Union Territory GST Bill and the GST (Compensation to the States) Bill — with an aim to meet the July-1 deadline. The Bills will be tabled in Parliament this week.
The GST Council has already approved four-tier tax slabs of 5, 12, 18 and 28 per cent plus an additional cess on demerit goods like luxury cars, aerated drinks and tobacco products.
However, the Bills on compensating States for loss of revenue from GST rollout in first five years as well as those enabling levy of the new tax on intra/inter-State movement of goods and services will be brought in the on-going session of Parliament later this week.
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- Renowned pulmonologist R Guleria to head AIIMS 25 Mar 2017 | Staff Reporter
- Rivalry over satta racket leads to shootout in E Delhi 25 Mar 2017 | Staff Reporter
- UK certifies India’s request for Vijay Mallya’s extradition 25 Mar 2017 | PNS
- Mid-Day Meal: 3 cr kids go hungry as funds lie unspent 24 Mar 2017 | Rajesh Kumar
- Pak indulges in Warmongering 24 Mar 2017 | PNS
- ISIS claims London attack 24 Mar 2017 | Agencies
- ‘Hat’ for Sasikala, OPS gets ‘power pole’ 24 Mar 2017 | PNS
Sunday EditionView All
19 Mar 2017 | Rajesh Singh
Is the marginalisation of the two caste-based parties in Uttar Pradesh a harbinger of change — from identity politics to the politics of development? If we take the 2014 and 2017 elections together, that does seem to be the suggestion, writes RAJESH SINGH Understanding an election result as monumental as that of Uttar Pradesh is akin to unravelling a deep thriller plot. The why, when, where, how and what — this...
STATE EDITIONSView All
25 Mar 2017 | PNS | Lucknow
Chief Minister Adityanath Yogi carried out a minor reshuffle in five ministers on Friday. A government spokesman said that Labour minister Swamy Prasad Maurya has been given additional charge of Co-ordination ministry while he has been divested of Urban employment and poverty alleviation and the charge of these ministries have been given to Urban Development minister Suresh Khanna...