GST Council finalises draft model law in meeting headed by Arun Jaitley

The all-powerful GST Council, headed by Union Finance Minister Arun Jaitley and comprising representatives of all states, had in its last meeting on January 16 agreed that 90 per cent of tax assessees below Rs 1.5 crore annual turnover will be assessed by states and the remaining 10 per cent by the Centre.

The council has approved the final draft of law to the states.

The next meeting on GST bill implementation will be held on March 4, 2017 and March 5, 2017. S-GST law, after approval of the Council, will need to be passed by each state legislature. "On March 4-5, the legally vetted drafts for all important bills will be presented to the Council", Jaitley said after the 10th GST Council meeting.

Prom gives special needs youths, adults night to shine
Friday's event was the inaugural Night to Shine in the Northland and it was open to anyone older than 14 who has special needs. They will arrive in limousines to a paparazzi on the red carpet to get their makeup and hair done before the big night begins.

Jaitley said the GST Compensation Law that provides for compensating states that incur losses because of implementation of the Goods and Service Tax (GST) in first five years was approved by the Council today.

It's necessary that enabling laws be completed by second half of budget session.

The Centre and states failed to agree on the details of two bills crucial to triggering a Goods and Services Tax (GST) on Saturday, which possibly clouds the roll out of the country's biggest tax reform from July.

Arsenal resigned to Sanchez exit
With no sign of a new deal being signed, it is increasingly likely that Sanchez may be seeking pastures new come the end of the season.

The key issue that remains to be worked on is a decision on which goods and services get taxed at what rate.

Talking on different tax slabs, Jaitely said, "One major meeting of GST Council will be required to give approval to putting goods and services in different tax slabs".

"That is the power which the CAG already has under the CAG Act".

George Clooney's mum gushes about his new babies
The notoriously private couple kept tight-lipped about pregnancy rumors when they first arose last month. Oscar-winning George Clooney is one of Hollywood's top A-list actors and box office draws.

The Finance Minister said the council did not discuss the anti-profiteering clause in today's meeting. A sub-committee of the GST Council's made up of central and state officials had discussed the draft of Friday.

(Copyright © 2015. All Rights Reserved.)
 
Recommended

Texas senator responds to Trump's vague 'destroy' comment
People who agree with the practice maintain that it allows law enforcement to effectively combat terrorism and the drug trade. Congress would "get beat up really badly by the voters" if they interfered with law enforcement's activities.

Powerful storm prompts flood, surf, and wind warnings in SoCal
Some locations are expected to see up to 2 feet (0.6 meters) of snow, the Weather Channel said. Flash flooding is also a concern in urban areas.

Reese Witherspoon And Her Lookalike Daughter Hit The Town In Matchy Dresses
Witherspoon admitted Ava doesn't want to do become an actress but she is "very supportive, and I love that she's here to help me". Witherspoon has joked in the past about how she and her eldest child, whose father is Ryan Phillippe, don't see any resemblance.

Missing 150-year-old wedding dress found after Facebook appeal
Tess was the last person to wear this antique lace gown when she married husband Alfred Newall , 30, in June 2016. She said she still planned to have the dress cleaned, but probably at a lace specialist in London .

Chicago's Butler stuns Boston in National Basketball Association
I think I make if he doesn't alter it like that. "People are going to say 'Aw, he didn't foul him, ' but he did". I moved my feet. "I feel good about our team and I feel good about the direction we're headed".

Graham takes action against granting sanction relief to Russian Federation
Anxious about President Donald Trump's continued praise of Russian President Vladimir Putin, U.S. Ben Cardin, D-Md., Marco Rubio, R-Fla., Sherrod Brown, D-Ohio, John McCain, R-Ariz., and Sen.

Scenes as Lincoln City stun Burnley to reach FA Cup Quarter Finals
Sean Raggett scored the victor in the 89 minute, after corner to the back post, was headed across the front of the goal. Erm, guys, wait a minute, do we actually want to go up? They where well organised and that's Cup football.

Sky presenter has unfortunate slip of the tongue describing Robbie Brady's goal
Nine months on from their astonishing 5,000-1 title triumph, Leicester City continue to make history, but now it is for all the wrong reasons.

How Facebook Is Stepping Up Its Efforts to Thwart Discriminatory Advertising
Additionally, it is testing an automated system that uses machine learning technology to identify potentially controversial ads. Facebook has announced that it has taken significant steps towards prohibiting discriminatory advertising in its site.

Chicago Police Hope Surveillance Footage Solves Shooting of Two Girls
The 11-year-old is a cousin of well-known community activist Andrew Holmes . Twenty-three others were shot in shootings that resulted in five deaths.

Senate hearings for Supreme Court nominee Neil Gorsuch to begin March 20
But it remains unclear whether Democrats, in the Senate minority, ultimately will try and block his nomination with a filibuster . Supreme Court nominee Neil Gorsuch, but he walked away with concerns about the judge's candidacy for the high court.

Teenager Zverev beats Tsonga in France
Gasquet faced two break points while serving down 3-4. "It was a hard match", said Gasquet. "It was close during the first set". Grigor Dimitrov won his second title of the season by beating David Goffin 7-5 6-4 in the final of the Sofia Open in Bulgaria.

Northbrook company's muscular dystrophy drug wins FDA approval
Duchenne's, a devastating muscle-wasting disease, affects some 15,000 patients in the United States, mostly young boys. By week 52, patients in the Emflaza group maintained an overall stability in average muscle strength.

Texas police officer saves restaurant from burning auto
Upon arrival, the officer discovered a Ford truck "engulfed in flames", according to a police video of the incident . Around 9:15 pm, and officer with the Glen Heights, SC pulled into the fast food restaurant at 1703 S.

Boeing Vote Tells Next Chapter In Southern Unionization
The trip comes just two days after Boeing workers voted overwhelmingly to turn back an effort to unionize the plant. Kellogg, who is serving as the acting national security adviser, traveled to SC with Trump aboard Air Force One .


More News

News
More News