GST good for economy, Cong's concern is higher tax slab: Pb CM
The government carried out the required course correction at the meeting
Kovind also said the focus of India's economic reforms and policies is to eliminate poverty and enhance the prosperity of millions of ordinary families
Businesses supplying goods and services to foreign diplomatic missions or UN organisations should quote their respective UIN on tax invoices for GST benefits
Last week, the GST council lowered the tax rate of restaurants to a uniform 5% from 12% on non-AC restaurants and 18% on air-conditioned ones
Plastics industry has 40,000 manufacturers and contributes approximately 8% to GDP of India
Sale or supply to foreign diplomatic missions/UN organisations is like any other B2C sale and will not have any additional effect on the supplier's tax liability
Definition of goods may be changed; amendments to Constitution likely
Bold move on GST, but there is need to do more
GSTN should quickly resolve these issues
Free flow of the credit chain is the key to GST implementation
'There is a lack of clarity over how the computations and calculations will be made'
In case registered taxable person files return beyond due date, he will be required to pay late fees of Rs 100 for each day of delay, subject to a maximum of Rs 5,000
This should throw up firms better able to survive effects of a working capital crunch under GST
Union minister hails the decisions taken at the latest GST Council meet
Dates for filing various other returns, including those for claiming input tax credits, have also been extended
Arun Jaitley announced that the tax rate on a vast range of items of daily use would be brought down from 28% to 18%
Congress finance ministers described the decisions taken in the GST Council meeting on Friday as 'too little, too late'
This was the first meeting of the advisory group after it was formed earlier this week
Congress would suggest that number of tax returns that businesses need to file be rationalised