Business Standard |
GST Council met 30 times, took 918 decisions in 2 yrs: FinMin report card - GST NEWS
The all-powerful GST Council, chaired by Finance Minister Arun Jaitley, has met 30 times and taken 918 decisions related to laws, rules and rates for the new tax regime within a span of just over two years, the Finance Ministry said Sunday. ALSO LIKE OUR FACEBOOK PAGE: https://www.facebook.com/latestgstnews/ The Goods and Services Tax (GST) Council, which comprises state finance ministers and Union Minister of State in charge of Revenue as members, was set up on September 15, 2016, as the country's first 'federal institution'. "Till date, GST Council has taken 918 decisions related to GST laws, rules, rates, compensation, taxation threshold etc. More than 96 per cent of the decisions have already been implemented through 294 notifications issued by the Central Government," the ministry said in a statement. The remaining decisions are under various stages of implementation. Almost equal number of corresponding notifications have been issued by each state, it added. The working of GST Council has ushered in a new phase of cooperative federalism where the Central and state governments work together to take collective decisions on all issues relating to indirect tax regime of the country, it said. Besides, tax officers of the Centre and states met ahead of the GST Council meetings to enable the council members to fully discuss the issues under consideration. The Council has held discussions in a "harmonious and collaborative spirit" in the 30 meetings that have taken place so far, it added. The detailed agenda notes for the 30 GST Council meetings ran into 4,730 pages, while the minutes of the meetings ran into 1,394 pages, the statement said. After 17 tumultuous years, a nationwide GST was rolled out at the stroke of the midnight hour on July 1, 2017, overhauling India's convoluted indirect taxation system. The GST, which replaced 17 central and state levies including factory-gate, excise duty, service tax and local sales tax or VAT, is India's biggest tax reform in 70 years of independence and will help modernise Asia's third largest economy. |
source:- Business Standard
I’m Charles David by name, i want to use this medium to alert all loan seekers to be very careful because there are scam everywhere, Few months ago I was financially strained, and due to my desperation I was scammed by several online lenders. I had almost lost hope until a friend of mine referred me to a very reliable lender called Dr Purva Pius ( A God fearing man) who lend me a loan of $237,000 under 72 working hours without any stress. I explain to the company by mail and all they told me was to cry no more because i will get my loan from this company and also i have made the right choice of contacting them i filled the loan application form and proceeded with all that was requested of me and to my shock I was given the loan, If you are in need of any kind of loan just contact him now via: {urgentloan22@gmail.com}
ReplyDeleteI‘m using this medium to alert all loan seekers because of the hell I passed through in the hands of those fraudulent lenders.
Thanks you Dr Purva Pius Loan service for your help.
I have been looking for information on this particular topic for a lot of time now, thanks for sharing.
ReplyDeleteDigital Signature Certificate for Income Tax
We are urgently in need of Organs Donors, Kidney donors,Female Eggs,Kidney donors Amount: $500.000.00 Dollars
ReplyDeleteFemale Eggs Amount: $500,000.00 Dollars
WHATSAP: +91 91082 56518
Email: : customercareunitplc@gmail.com
Please share this post.
Thanks for sharing such a great article with us. This surely helps me in my work.Thanks a lot
ReplyDeleteIf you need any info regarding Company name regstration in bangalore
and Company registration in bangalore
plz click on it
Wow!! What a blog and keep writing the blog in the same way. What I got is GST Registration is must for every firm to boost up their overall growth.
ReplyDelete