14th GST Council Meeting at SKICC today

20 Mai, 2017, 05:31 | Author: Lucrece Courtet

Currently, there are 17 items in the negative list of services on which service tax is not levied.

The meeting of the Fitment Committee and preparatory meeting of the officers was convened at SKICC here today in this regard.

Earlier in the day, Kerala Finance Minister Thomas Issac who is a member of the GST Council had said that services will also attract a four-tier tax slab similar to goods that are being taxed at 5, 12, 18 and 28 per cent. Tax slabs have been decided for about 80 per cent of items, though decision regarding contentious items like motor vehicles, beedi, coconut oil will be taken up for discussion in the Council's meeting, an official said. On top of that there are over 60 services, like religious pilgrimage, healthcare, education, skill development, journalistic activities, which are exempt from service tax. The compensation would be met through levy of a "GST Compensation Cess" on luxury items and sin goods like tobacco, for the first five years.

As the government inches closer towards the rollout of the country's biggest indirect tax reform, the Goods and Services Tax (GST) Council headed by Finance Ministry Arun Jaitley is likely to finalise the rates that various goods and services will attract from July 1.

CHP issues Amber Alert for boy out of San Francisco
The suspect was last seen driving a 2000 tan Toyota Corolla, California License Plate Number 5SEy238. Makai Bangoura, 1, has been missing since May 12 and police say was taken by suspect Jason Lam, 30.


Tottenham ready to give up on EPL title
Dier added: "We brought it [the deficit to Chelsea] back to four points but after today it's almost impossible now". Tottenham spent most of last season in second place, but faltered in mid to late May, and finished third.


Manchester United's David de Gea boost as Real Madrid look elsewhere
I never saw any detail of trying to care about the English teams involved in European competitions. "It's frustrating for me". Tells (Wilfried) Zaha to go slow, leaves (Christian) Benteke at home; I hope he goes soft on us".


While the GST Council has agreed to subsume several taxes, including central excise, state VAT, service tax, central sales tax and octroi, it has kept around a third of state revenues outside the GST ambit.

The final rates are expected to be fixed in a way such that the impact on inflation as well as revenue to the government is near neutral.

The cess on luxury goods have been capped at 15 percent.

Jaitley had earlier this month expressed confidence of the GST Council arriving at tax rates in the May 18-19 meeting.

Conseillé:

  • Le PSG échoue en finale — CdF-F

    Le PSG échoue en finale — CdF-F

    Sur l'aile droite, la Brésilienne Cristiane a pris le meilleur sur Amel Majri avant d'envoyer le ballon en pleine lucarne. Au bout de la nuit après huits tireuses de part et d'autre.

    Wizards put up Wall to bring down Celtics in heated playoff

    The Wizards got into the paint with nearly no resistance and despite starting Amir Johnson , there was zero presence on the glass. He was loudly booed every time he touched the ball, including a missed three with a minute left in the first quarter.
    Donald Trump says looks forward to working with France's Macron

    Donald Trump says looks forward to working with France's Macron

    The news is a relief to markets as Macron's Pro-EU stance is more favourable to Euro investors than Le Pen's anti-EU attitude. Within minutes of Sunday's results, a defeated Le Pen sounded the charge for her next battle against the "globalist" Macron.
  • Kerala out of top three in fish catch

    At the retail level, the estimated value was Rs 73,289 crore with an increase of 12.44 per cent over the previous year. CMFRI's landing report showed that chub mackerel ( Scomber indicus ) was limited to the Kerala coasts alone.
    Always Dreaming heavily favored in early Preakness wagering

    Always Dreaming heavily favored in early Preakness wagering

    Which horse will come out on top? On paper, it's Always Dreaming's race to lose, but these events often don't follow the script. What post position did Kentucky Derby victor Always Dreaming draw for Saturday's Preakness Stakes? He has the pedigree.
    Samsung Z4 goes on sale in India today at Rs 5790

    Samsung Z4 goes on sale in India today at Rs 5790

    The smartphone was unveiled in India last week; it is now available in mobile stores from Friday (19 May) for the buyers. Also, the less awareness of Tizen OS in Indian market can be a threat for Samsung resulting in low sales.
  • Sesame Street, SeaWorld plan more joint theme parks

    Sesame Street, SeaWorld plan more joint theme parks

    It now has a Sesame Place theme park in Langhorne, Pennsylvania, between Philadelphia and New York City, which opened in 1980. The new park will open no later than mid-2021, but a location hasn't been determined, officials said.
    NGT bans open defecation, dumping of waste on Yamuna floodplains

    NGT bans open defecation, dumping of waste on Yamuna floodplains

    NGT prohibits open defecation and dumping of any kind waste in the flood plains of Yamuna. Of these, seven are to be built by the Delhi Jal Board with its own funds.

    Concussion spotters didn't have authority to remove Crosby

    The biggest change you can see is the reuniting of Carl Hagelin, Nick Bonino, and Phil Kessel , otherwise known as the HBK line. Crosby went into the boards after taking a nudge from Capitals defenseman John Carlson with 2:13 remaining in the first period.
  • All of Ubisoft's games will have live services

    All of Ubisoft's games will have live services

    According to this leak, the next " Assassin's Creed " game is set to take place in Egypt. Ubisoft has just revealed their plans to release four big titles next year.
    Jethmalani used scandalous remarks against Jaitley: HC

    Jethmalani used scandalous remarks against Jaitley: HC

    It's unpleasant", Justice Manmohan said, adding that "cross-examination should be carried out in accordance with the law". The court said such a manner of cross-examination could not be allowed and something had to be done.
    L'Olympiakos renverse De Colo et le CSKA — Final Four

    L'Olympiakos renverse De Colo et le CSKA — Final Four

    Le " Fener " s'offre ainsi une nouvelle chance de devenir le premier club turc à remporter la plus relevée des compétitions européennes.


Populaire

Final survey for rail connectivity to Chardham this week
The four Dhams have their varied and distinctive elevation levels along with unique spiritual significance. As per the reconnaissance survey, the total route length is 327 km and will cost Rs 43,292 crore.

Arsene Wenger lauds tricky Alexis Sanchez after win over Southampton
Arsenal move up to 5th place after the win, a point ahead of Manchester United and three points behind Manchester City. Asked about Wenger's side finding their form at the right time , Mustafi replied: "Well I wish we found that before".

Moto C & C Plus Won't Let Price Bring It Down
Combined with the low-power processors and low-resolution screens, both phones should have great battery life in real-world usage. They are expected to launch a slew of devices, most of which will be refined versions of their previous flagship smartphones.

Delhi government to turn 89 villages into urban areas with land pooling
The DDA's Master Plan Delhi (MPD) 2021, which proposes construction of 25 lakh new housing units by 2021 is likely to get a boost. Jain said the disagreements on the policy between the government and DDA had been resolved.

Asian shares mixed as Trump, Brazil worries simmer
Temer refused on Thursday to resign after the Supreme Court authorized an investigation into the allegations. Strong economic indicators from the U.S. helped lift the dollar overnight, but it slipped back on Friday.

Andy Samberg Returns In Trailer For 'Tour De Pharmacy'
Tour De Pharmacy will premiere on HBO in the States on 8 July, with no set release date for the UK & Ireland just yet. Riddled with nefarious characters, that year's competition was a hornet's nest of moral depravity.

Appeals court strikes down FAA drone registration rule
The drone registration system took flight two years ago, telling owners to pay $5 apiece or face potential criminal charges. The FAA's 2015 Registration Rule , which applies to model aircraft, directly violates that clear statutory prohibition.

Vertical Oak notches second straight win
Vertical Oak is the first graded stakes victor for her late, third-crop sire Giant Oak, who died in March from a neurological condition.

Italy probes Milan train station attacker for alleged international terrorism
Police are now investigating whether Hosni, who had dual Tunisian and Italian citizenship, had links to terrorist organizations. Both men have been taken to hospital but neither is in a "worrying" condition, the Corriere della Sera daily said.

Scientists welcome govt nod to 10 indigenous atomic reactors
India has approved the construction of ten indigenously designed pressurised heavy water reactors (PHWR ). Both plants, comprising two units of 700 MWe each, are under review.