Facing severe criticism over the implementation of Goods and Services Tax, the government on Friday night announced a slew of measures to ease the concerns of traders, exporters and small business while slashing the rates on 27 items of common consumption, including roti, khakra, namkeens, stationery, man-made yarn - with a lot of them brought to five per cent category.
Man made yarn was taxed 18%, it has been put in 12% slab, will have effect on textiles.
Haryana Finance Minister Captain Abhimanyu said, "The decision by Finance Minister Arun Jaitley regarding refunds will bring relief to the entire exporter sector". And on the basis of this credit, firms can pay IGST and GST.
The GST council will hold its 22nd meeting on Friday and is likely to consider to relaxing the return filing cycle for small and medium enterprises.
According to the previous GST rates, spark-ignition reciprocating or rotary internal combustion piston engine, compression-ignition internal combustion piston engines (semi-diesel or diesel engines) and pumps for dispensing fuel or lubricants were under 28 per cent. GST Council has reportedly approved quarterly filing of returns besides raising the threshold for composition scheme from Rs 75 lakh to Rs 1 crore.
Traders with a turnover of upto 1.5 crore rupees will have now have the facility of filing returns quarterly i.e. every three months instead of monthly.
"Also, domestic supplies to holders of AA / EPCG and EOUs would be treated as deemed exports.and refund of tax paid on such supplies given to the supplier", it added.
Food packets given to school kids under ICDS will attract 5 per cent tax instead of 12 per cent.
SERVICES: 12 per cent tax will be levied on services such as state-run lotteries, non-AC hotels, business class air ticket, fertilisers and work contracts.
He also reminded traders and company owners to make use of the opportunities provided by the department before stern action was taken against them for failing to declare their GST statements from Jan 1 next year.
Traders will now have to pay fixed tax rate between 1% - 5% under the composition scheme.
Jaitley says, "The main concern for exporters was that there were no taxes on exports as they then become uncompetitive in the global market". The exporters will be able to get refund on 10 July and 18 August.
The finance minister added that the pattern of collection [of the GST] is not clear after two months, because it was a period of transition.
It's still too early to determine the exact track of the low and whether it will be a named tropical storm. Tropical Depression 16 formed Wednesday morning in the southern Caribbean near the coast of Nicaragua.
The company also added that they are continuing to work closely with law enforcement, and the US Federal Communications commision. The new information about the breach is coming from an investigation after Verizon acquired Yahoo in a $4.48 billion deal.
The high will be near 81 with a south wind of 11 to 15 miles per hour , gusting as high as 21 miles per hour . New rainfall amounts between a tenth and quarter of an inch, except higher amounts possible in thunderstorms.
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The game launched with a Survival mode, where a player faced a series of one-round matches with a single, regenerating health bar. There will also be a new mode that rewards exclusive costumes through the completion of timed challenges.
However, they have dismantled their opponents so far with a mixture of classical Jose Mourinho defending and brute power up front. Ferguson amassed an incredible 38 trophies, including a record 13 Premier Leagues and two Uefa Champions Leagues.
By 2022, clean energy will produce much more electricity than gas and inch even closer to closing the gap with coal. The share of renewables in power generation will reach 30 per cent in 2022, up from 24 per cent in 2016.
The Google Home Max has a fabric design for the grille, with the speaker available in two color options - chalk and charcoal. Thanks to Voice Match, you'll be able to quickly speak tasks and control smart home appliances around the house.
And he had taken that form onto the global stage as he bagged for Spain for Spain against Italy at the beginning of September. And now Antonio Conte's worst nightmare has been realised after discovering the damage is worse than first feared.
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Here's another look at Google Pixel 2 XL and Google Home Mini
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New ambassador to Russia Jon Huntsman meets with Putin
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