GST Meet: Four key reforms expected to small business enterprises
Oct 07, 2017, 01:09
Jari job work will now attract 5% GST, it was earlier 12%. Moreover, tax rate on unbranded namkeen, unbranded ayurvedic medicine, e-waste, paper waste, rubber waste, plastic waste was reduced to 5 per cent. PM Modi, Amit Shah and FM Arun Jaitely yesterday had a meeting ahead of PM Modi's visit to Gujarat on October 07 and 08.
Reverse charge mechanism for transactions between registered and unregistered businesses has been deferred till Mar 31, 2018.
Kerala Finance Minister Thomas Isaac said exporters will get IGST relief and e-wallet facility for six months.
There is a lot of confusion regarding The Goods and Services Tax (GST) in the market. The committee will submit its report ASAP. Based on that the Council is likely to recommend some relaxation for exporters so that their working capital which is locked up in refunds is released.
Many industrialists and exporters have been facing slowdown in their business operations while shifting to the GST regime.
Ajay Sahai, head of the Federation of Indian Export Organisation, said he expected the government to allow its 25,000 small and medium-sized members to file tax returns quarterly.
He also added that collections of GST returns for two months by far was also an experience. Exporters have also been exempted from furnishing bond and bank guarantee when they clear goods for export.
According to sources, the GST council will also discuss on quarterly filing of returns instead of monthly filing by exporters.
For small businesses, it was decided that establishments with 10 million rupee ($152, 686) turnover can deposit tax under a composition scheme, helping them to avoid tedious filing. This will allow small eateries to pay the 1-5 per cent tax without undertaking the three-stage filing process.
Both Bhartia and Khandelwal hoped that the GST Council will also focus on redressal of tax and procedural issues raised by CAIT.
"In general, Goa government has suggested to the council that the GST regime should be non-problematic to the smaller dealers, traders and entrepreneurs", he informed, expressing confidence that the recommendations of the state government to the GST Council would be honoured, and after that nearly all the GST-related problems here would be taken care of. One may expect the GST Council to formally decide on this. However, with the rollout of GST tax slab for various goods and services changed.
Stephen Fincher is another potential Republican Senate candidate, and is expected to make a decision in the coming days. Corker announced last month he would not seek re-election but hasn't announced his plans.
Tillerson also rejected NBC News' assertion that Pence had to persuade him this summer to stay in Trump's Cabinet. Trump said in a tweet en route to Las Vegas to visit the site of the horrific mass shooting on Sunday.
The Times defended the story, telling ABC News in a statement: "We are confident in the accuracy of our reporting". Bloom said in a statement to the paper that her client "denies numerous accusations as patently false".
Lincoln Seligman, Sir Edward's godson, called for an official inquiry into what he said were serious flaws in Operation Conifer. But the decision to investigate had been "the right moral thing, ethical thing and professional thing to do", he said.
One of the fun debates that arose from the original Blade Runner was whether Deckerd himself was a replicant. The titular blade runners are specialists who identify and destroy replicants that are deemed faulty.
And, action! Jackie Chan just teased the much-anticipated Rush Hour 4 - but it's only happening on one condition. He added: " Rush Hour you can do any time..." He went on to say that the problem with it is not money but time.
Between 1975 and 1986, Frank developed a new method to process electron microscopes' images into a more sharp, 3D structure. Among the processes it has made clearer is the mechanism by which DNA is copied into the single-stranded molecule RNA.
Bredow told a judge in the Oakland County Court that it was against her beliefs to immunise her children, The Sun has reported. A MI mother was sentenced to seven days in jail for refusing to vaccinate her son will appear in court on Wednesday morning.
Saudi Arabia said it signed a memorandum of understanding on the purchase from Russian Federation of S-400 air defense systems. Majid Bin Abdullah Al-Qasabi; Minister of Foreign Affairs Adel Bin Ahmed Al-Jubeir; Minister of Culture and Information Dr.
Chasen Shreve will be used for certain matchups, while Masahiro Tanaka and another player will join the pitching staff. Catcher Gary Sanchez contributed to his impressive sophomore campaign with 33 dingers of his own.
A total of 47 guns have been recovered from three locations: Paddock's hotel room and his two Nevada homes in Verdi and Mesquite. Australia's Channel 7 TV network interviewed Marilou Danley's sisters with their faces obscured and their names withheld.
Nadal overcomes Isner, faces Dimitrov in China Open semis
Ukraine's Elina Svitolina, who has already qualified, beat Russian Elena Vesnina 6-2, 7-5 to also enter the quarter-finals. In the last four Nadal will face Dimitrov, who battled his way to a 7-6 (7/5) 4-6 6-2 victory over Roberto Bautista Agut .
Our founders couldn't predict assault weapons
Assuming you'll allow me to get in a word edgewise after making that statement, permit me to expand on my reasoning here. Thoughts and prayers are needed in times like these, but if we don't take action, we won't escape these times .
President condemns Jhal Magsi terrorist attack
The Islamic State group claimed responsibility for the attack in a statement posted on the Islamic State-linked Aamaq news agency. In November a year ago , at least 52 people were killed in a bombing at a shrine in the Hub district south of Jhal Magsi.