Draft GST laws ready for Parliament, but 'money bill' route is problematic
21 March, 2017, 09:05 | Author: Valerie Burke
On Monday, the Union Cabinet, chaired by Prime Minister Modi, okayed four GST-related Bills and made a decision to introduce them in the Lok Sabha as "money Bills" this week itself to get them passed during the remainder of the budget session that ends on April 12.
The government stated that they were earlier approved by the GST Council after thorough, clause by clause, discussions at 12 meetings held over the last six months.
The most ambitious indirect tax reform, the Goods and Services Tax (GST) will soon be a reality.
The GST draft law will have to be approved by all the state legislative assemblies, including those of Delhi and Puducherry.With the state and union territory laws cleared by the GST council, the GST rollout is projected to begin from July 1.
The legislations approved are Compensation Law, the Central-GST (C-GST), Integrated-GST (I-GST) and Union Territory-GST (UT-GST). GST, or goods and ser vices tax, is a single indirect pan-India tax regime that is to be introduced on July 1.The state government will facilitate the move towards GST also by waiving off interest (to an extent) and penalty for those taxpayers who have not yet registered under VAT. At the moment, the state GST bill has been sent to all the states by their respective state legislatures for the approval.
The government is expected to table all the four legislations as money bills in Parliament to ensure their quick passage. On the other hand, IGST Bill makes provisions for levy and collection of tax on inter-state supply of goods or services or both by the Central government.
There would be four tax slabs of 5, 12, 18 and 28 percent, plus a levy on taxes on items like cars, aerated drinks and tobacco products to compensate states for any revenue losses in the first five years. The GST Council had given its nod for the Bills on Friday. In April, the council will decide which commodity and service will be taxed at what rate.
Implementation of the service tax provision for self-financing educational institutions will lead to an increase in tuition fee for the students, the federation's office bearers and members said at a press conference.
McGregor, the reigning UFC lightweight champion, is now pursuing a boxing match with the five-weight world champion. However, McGregor, at age 28, is 12 years younger than Mayweather, so he has the youth element on his side.
However, Brian Cashman said Torres isn't going to start the season in the majors, regardless of what happens. Wade is a career.267 hitter in the minors who's shown limited power, reaching as high as Double-A Trenton.
Hesse allegedly filmed and took pictures of himself stabbing Jaden 56 times, and then he posted the content to the "dark web". The nine-year-old boy died of multiple stab wounds, and the discovery of his body on Monday sparked a huge manhunt.
One of the angry tweets branded her "shameless" while another furious tweet said: " Angelina Jolie is a trick ass ho in this pic". The sting of Angelina Jolie and Brad Pitt's divorce announcement has dulled slightly in the half a year since the news broke.
The title match was recently made official, only it was announced that it would be a triple threat match instead of a four way. Jax is exactly like Charlotte and Sasha at Mania in that she'll be looking to take the belt off of Bayley .
His appointment at Uber was a sign that the young company is mature enough to poach executives from more established firms. He plans to return to his native Kansas and explore a career in politics, he said in a statement provided by the company.
Brent Crude Futures were 20 cents down from their last close, as recorded at 0025 GMT, and stand at $51.56 per barrel. This extended a recovery that is expected to boost shale production by the most in six-months in April.
The original iPhone, iPhone 3G and iPhone 3GS both had curved rear casings, made with either aluminium or plastic. The Korean news site says the rounder corners are supposed to resemble those from the original iPhone.
Chris Collins was right. "We had all the momentum", Collins told reporters after the game ( per Yahoo Sports ). When the replays were shown, it was clear that Zach Collins had reached up through the rim to block the shot.
Interestingly, two of the other countries in top five-which include Iceland , Switzerland, and Finland-are also Nordic. The least happy countries included the African and Arab countries of Yemen , South Sudan, Syria, Tanzania and Burundi.
Within minutes the Celtics extended their lead by continuing to share the ball and cycling through scoring options. The official Boston Celtics Twitter Page is providing the Live Score of this match and also, other Celtics games.
Uber President Jeff Jones Quits Amid Company Controversies
Kalanick hired Jones last fall, plucking him from Target where he served as CMO. (TGT), where he was chief marketing officer. Sources told the news outlet that Jones determined the current conditions at Uber were "more problematic than he realized".
The hidden killer: How does too much salt affect your body?
All of the study information on salt in bread and bread products is now included in the George Institute's FoodSwitch app. It is recommended that adults eat no more than 6g of salt a day - about one teaspoon - and children should eat less.