Narendra Modi: GST Council recommendations will immensely help SMEs
07 October, 2017, 00:40 | Author: Pamela Mathis
The panel also raised the annual revenue threshold below which businesses won't need to maintain detailed accounts and cut tax rates on a number of goods.
Tax rate on man made yarn was reduced to 12 per cent from the current 18 per cent, which is expected to provide relief to the textile industry. In this regard, he met Finance Minister Arun Jaitley and Bharatiya Janata Party president Amit Shah on Thursday.
Merchant exporters will now have to pay nominal GST of 0.1% for procuring goods from domestic suppliers for export, the finance ministry said in a tweet. In the e-wallet, there would be a notional amount for credit.
The Council is also expected to take up proposals regarding suspension of the reverse charge mechanism.
Thomas Isaac said that the government aims to implement the e-wallet facility by March. "The refund of GST for July by October 10 and August by October 18 will address the liquidity concerns of the exporters". With the economy sliding downwards, the government can longer neglect the impact of GST on the market. The committee is likely to submit its preliminary report to the Council today.
September jobs report lays an egg: 33000 jobs lost
The US economy lost 33,000 jobs last month , even as the unemployment rate declined slightly - and, oddly, the workforce expanded. But President Trump and his aides have touted monthly employment gains and other snapshot economic figures when it suits them.
He said with this, the department would meet its targeted GST collection of RM42bil for this year as part of its Key Performance Index. It is possible that the council will issue some statements regarding the tax slabs. Moreover, it is optional and the eligible person opting to pay tax under this scheme can pay tax at a prescribed percentage of his turnover every quarter, instead of paying tax at normal rate. At present, the sector is burdened with astronomical debt of almost Rs 8 lakh crore by some estimates due to a slew of freebies which are being doled out by incumbent telecom players to retain their customer base. Under the composition scheme, businesses pay a fixed rate to avoid GST paperwork.
The objective behind it is to bring simplicity and reduce the compliance cost for small taxpayers.
The GST Council has also constituted a panel to consider rationalising GST rate for restaurants, he added.
Prime Minister Narendra Modi, while defending his government's track record in managing the economy, on Wednesday said that both demonetisation and the implementation of GST were structural reforms. The government is committed to addressing and resolving the grievances related to GST.
Cornyn said as a hunter and sportsman he doesn't understand the use of the bump stock and wants to have a hearing on it. But Paddock didn't need to be accurate when firing into a crowd of 22,000 people packed into a crowded concert venue.
In expanding the exemption for employers, the Trump administration says there are many other sources of birth control. Planned Parenthood president Cecile Richards called the decision an "unacceptable attack" on birth control.
A&M has three players - Trayveon Williams , Keith Ford and Kellen Mond - in the top 16 in the conference in rushing. However, Hurts has not truly needed the threat of the deep ball through the first five games of the season.
At a nursery school in Brazil, four children and a teacher were burned alive by the security guard after being sprayed by alcohol. A firefighter in the city of Janauba said on Thursday that the guard was among those injured and was in serious condition.
England lacked creativity and urgency, and it really didn't seem like they wanted to get a win or a place in the World Cup . "Some of the bright young stars will get a fantastic experience upon which they can build for future tournaments".
The show-creator, Jack Roiland attempted sending McDonald's a message through his famous show, " Rick and Morty ". Now, though, the fast food chain is planning on bringing the sauce back in full force for one day only.
So, yeah, things haven't been good, but yesterday they got a whole lot worse with the latest news coming out of the White House. The suspected breach could have happened as long ago as December, Politico reported, citing U.S. government officials.
But it's an expensive one, and it's completely unclear how the nation of 3 million people would come up with the funds. Unsurprisingly, Musk answered that Tesla could come to Puerto Rico's aid, if asked by the government and people.
Iniesta has been widely reported to be considering a move out of Barcelona when the January 2018 transfer window opens. Iniesta signed in Barcelona at the age of 12 in 1996, and six years later made his debut in the first team.
Well as for the Red Sox , they find themselves down 1 game in a best of 5 series to perhaps baseball's best offensive team today. McCullers has the slight edge in pitching, but the Red Sox have historically shelled the young lefty, batting.333 against him.
Since then, Prime Minister Shinzo Abe's administration has sought to improve working conditions in the country. A 2014 sleep study's poll found that Japan's workforce sleeps less than any other country.
Will It Be All-In or Long Game for Packers Against Dallas?
He missed home wins over the Cincinnati Bengals and Chicago Bears, but the Packers are getting him back at the flawless time. The Packers also have the upper hand historically, having won at home to Dallas five times out of seven this century.
Prediction: Republic of Ireland vs Moldova
If they finish second by winning both games , Ireland will have 13 points to their name in the play-off table. A draw wouldn't be enough for Germany to slip into second: they now have a goal difference of +33.
USA is still trading with North Korea despite sanctions
It added the workers are paid a fraction of their salaries, while as much as 70 percent " is taken by North Korea's government ". For now, involved companies are starting their own investigations, while some already closed deals with suppliers, AP said .
Microsoft Launcher arrives for Android [Download Here]
With Microsoft Launcher, your recent photos, documents and more can all Continue on PC as well, ' continued Belfiore. Swipe right for a tailored feed of important events, top news, favourite people and frequently used apps.
Delhi Policemen Seen Singing Songs With Radhe Maa at GTB Enclave
Sanjay Sharma said that Radhe Maa was on her way to a Ramleela in the area and visited the police station only to use the toilet. Her long list of controversies include everything from charges of obscenity to hurting religious sentiments and intimidation.
Rafael Nadal breezes into quarter-finals in Beijing
In the men's draw, Nadal broke Khachanov in the fourth game and raced to 4-1 lead to take control of the court in the first set. Isner is a good player but I think that Nadal is going to be way too strong for the American.
US Army special operations commandos killed in Niger
The officials said the commandos, who were Green Berets , were likely attacked by Al Qaida in the Islamic Maghreb militants. USA troops in Niger advise and assist local forces as they battle two terrorist groups affiliated with ISIS and Al-Qaeda.