Thursday, January 18, 2018
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GST council cuts tax rate on 29 items, 54 categories of servicesFinance Minister Arun Jaitley at the GST council meeting in New Delhi on Thursday. — PTI

GST council cuts tax rate on 29 items, 54 categories of services

18 Jan 2018 | 8:08 PM

NEW DELHI: The all-powerful GST Council on Thursday veered around the idea of making the GST return filing process simpler to ease compliance burden for small businesses. It also decided to reduce tax rate on 29 items and 54 categories of services with effect from January 25.

[ + read story ]

New Delhi, January 18

The all-powerful GST Council on Thursday veered around the idea of making the GST return filing process simpler to ease compliance burden for small businesses.

(Follow The Tribune on Facebook; and Twitter @thetribunechd)

The panel, headed by Finance Minister Arun Jaitley and comprising representatives of all states, at its 25th meeting today decided to reduce tax rate on 29 items and 54 categories of services with effect from January 25.

Briefing reporters after the meeting, Jaitley said the next meeting of the Council may consider bringing items like crude oil, natural gas, petrol, diesel, ATF and real estate within the GST purview.

In a bid to ease compliance burden, the Council veered around to the idea of registered entities continuing to file the return in GSTR 3B Form while moving to a system where supplier invoice captures details of the transaction.

The new process would be finalised in the next meeting of the GST Council after a written formulation is circulated to the states, he said.

The date of the next meeting of the Council has not yet been decided, he said.

Jaitley said the GST provision requiring transporters to carry an electronic waybill or e-way bill, when moving goods of over Rs 50,000 in value between states, will be implemented from February 1 to check rampant tax evasion.

As many as 15 states have decided to implement the provision for intra-state movements as well, he said.

After implementation of the Goods and Services Tax (GST) from July 1, the requirement of carrying e-way bill was postponed pending IT network readiness.

Once the e-way bill system is implemented, tax avoidance will become extremely difficult as the government will have details of all goods above the value of Rs 50,000 moved and can spot the mismatch if either the supplier or the purchaser does not file tax returns. — PTI 

Apex court stays ban on 'Padmaavat'; paves way for its January 25 release

Apex court stays ban on 'Padmaavat'; paves way for its January 25 release

18 Jan 2018 | 7:21 PM

NEW DELHI: The Supreme Court on Thursday stayed the orders and notifications issued by the Rajasthan and Gujarat governments prohibiting the screening of the controversial movie ‘Padmaavat’, clearing the decks for its nationwide release on January 25.

Rana Gurjit’s resignation accepted after Amarinder meets Rahul in Delhi

Rana Gurjit’s resignation accepted after Amarinder meets Rahul in Delhi

18 Jan 2018 | 7:45 PM

NEW DELHI: Punjab Chief Minister Captain Amarinder Singh on Thursday accepted the resignation of Power and Irrigation Minister Rana Gurjit Singh from the Council of Ministers.

Hectic lobbying on as Punjab power, irrigation portfolios up for grabs

Hectic lobbying on as Punjab power, irrigation portfolios up for grabs

18 Jan 2018 | 1:54 PM

CHANDIGARH: Within hours of acceptance of resignation by Rana Gurjit Singh, hectic lobbying began among Rana’s cabinet colleagues to grab the two lucrative portfolios.

Haryana’s shame continues; woman gang-raped in Fatehabad

Haryana’s shame continues; woman gang-raped in Fatehabad

18 Jan 2018 | 10:18 AM

CHANDIGARH: A 20-year old woman was gang-raped by two youths of her village at Bothan Kalan village of Fatehabad on Wednesday evening. The police are looking out for the accused.

Haryana again: College girl ‘gangraped’ in moving car in Farukhnagar

Haryana again: College girl ‘gangraped’ in moving car in Farukhnagar

18 Jan 2018 | 7:55 PM

GURUGRAM: In yet another addition to Haryana’s roll of shame, a college student was allegedly abducted and gangraped in a moving car in the Farukhnagar area on January 15.

UP school stabbing case: Culprit identified; 2 directors arrested for delaying investigation

UP school stabbing case: Culprit identified; 2 directors arrested for delaying investigation

18 Jan 2018 | 3:27 PM

LUCKNOW: Following angry protests by parents of students of Brightland School the police have arrested two directors for being responsible for delaying the investigation.

BSF jawan killed as Pakistan violates ceasefire in Jammu

BSF jawan killed as Pakistan violates ceasefire in Jammu

18 Jan 2018 | 1:37 PM

JAMMU: A Border Security Force jawan was on Thursday killed as Pakistani troops opened fire and shelled Indian positions along the International Border in RS Pura sector of Jammu.

Tripura to go to polls on February 18; Meghalaya, Nagaland on 27

Tripura to go to polls on February 18; Meghalaya, Nagaland on 27

18 Jan 2018 | 12:44 PM

NEW DELHI: The Tripura Assembly elections will be held on February 18, whereas Meghalaya and Nagaland will go to polls on February 27. This was stated by Chief Election Commissioner AK Joti.

Punjab teen who rescued 15 kids to get national bravery award

Punjab teen who rescued 15 kids to get national bravery award

18 Jan 2018 | 5:46 PM

NEW DELHI: Seventeen-year-old Karanbeer Singh from Punjab who rescued 15 children from a school bus that had plunged into a drain will be among 18 children to receive the National Bravery Awards this year.

Terror funding case: LeT chief Hafiz Saeed, 11 others charged with sedition

Terror funding case: LeT chief Hafiz Saeed, 11 others charged with sedition

18 Jan 2018 | 3:18 PM

NEW DELHI: The NIA on Thursday filed a chargesheet in a Delhi court against terror masterminds Hafiz Saeed and Syed Salahuddin and ten Kashmiri separatists in a case of alleged terror funding and secessionist activities in the Valley.


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Status quo not altered at Doklam, says MEA

Status quo not altered at Doklam, says MEA

18 Jan 2018 | 8:32 PM

NEW DELHI: The status quo has not been altered at Doklam, where Indian and Chinese troops were locked in a stand-off for over two months last year, the external affairs ministry asserted on Thursday and strongly rejected any suggestion to the contrary as "inaccurate and mischievous".

CITY FOCUS

NoCongress leader Rana Gurjit Singh. File photo

I am not selfish; party’s interest is priority: Rana Gurjit

18 Jan 2018 | 7:42 PM

CHANDIGARH: Congress leader Rana Gurjit Singh, whose resignation as Punjab Power and Irrigation Minister was accepted by Chief Minister Amarinder Singh on Thursday, said he was not a “selfish” man and the party’s interest should always be the priority.

No

SGPC ex-chief secy Calcutta dead

18 Jan 2018 | 1:08 AM

AMRITSAR: Former SGPC chief secretary Manjit Singh Calcutta (79), who was considered an authority on Panthic matters, died here this morning after a brief illness. He is survived by wife Santokh Kaur, son Gurpreet Singh and daughters Sarbpreet Kaur and Harkirat Kaur.

No

Dope test must for Punjab jail inmates

18 Jan 2018 | 1:56 PM

CHANDIGARH:Now on, all undertrials and convicts will have to undergo a dope test on their arrival at any of the Central or district jails in Punjab.

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Teen rape case: No injury mark found on body of suspected abductor

18 Jan 2018 | 2:55 PM

CHANDIGARH: Haryana Police on Thursday said the body of the 19-year-old youth, who was named in the FIR as the alleged abductor in the savage rape and murder case of a 15-year-old Dalit girl in Kurukshetra district, showed no sign of external or internal injuries.

Virbhadra case: Court asks ED to file status report

Virbhadra case: Court asks ED to file status report

18 Jan 2018 | 3:16 PM

NEW DELHI: A court here on Thursday asked the ED to file a status report in a case against Life Insurance Corporation (LIC) agent Anand Chauhan, accused of investing former Himachal Pradesh CM Virbhadra Singh’s “tainted” money in LIC policies.

Uproar as Speaker blames Dy CM for security breach

Uproar as Speaker blames Dy CM for security breach

18 Jan 2018 | 1:08 AM

JAMMU: Jammu and Kashmir Assembly Speaker Kavinder Gupta today left the state government red-faced after he alleged that Deputy Chief Minister Nirmal Singh’s escort vehicles “breached his security protocol” but the police did not act on his complaint to “please” the Dy CM.

It’s minister vs minister over plum post to aide

18 Jan 2018 | 12:47 AM

DEHRADUN:Uttarakhand Education Minister Arvind Pandey has criticised his Cabinet colleague and Minister for Department of Labour Harak Singh Rawat for his decision to depute his close associate Damyanti Rawat as additional chief executive officer, Uttarakhand Building and Other Construction Workers Welfare Board.

No action can be taken against Hafiz Saeed ‘sahib’: Pak PM

No action can be taken against Hafiz Saeed ‘sahib’: Pak PM

18 Jan 2018 | 10:41 AM

ISLAMABAD: Pakistan will not act against Hafiz Saeed ‘sahib’ as there is no case registered against him in the country, Prime Minister Shahid Khaqan Abbasi has said, giving a clean chit to the 2008 Mumbai attack mastermind.

Banks fuel markets bull run; Sensex, Nifty hit new peaks

Banks fuel markets bull run; Sensex, Nifty hit new peaks

18 Jan 2018 | 6:06 PM

MUMBAI: Continuing their winning run for the second straight day, benchmark equity indices Sensex and Nifty hit fresh closing peaks of 35,260 and 10,817, respectively, with banking counters leading the rally on Thursday amid reports that the government might increase FDI limits for banks.

NoVirat Kohli. PTI file

Exceptional Virat Kohli named ICC Cricketer of the Year

18 Jan 2018 | 7:56 PM

DUBAI: Indian captain Virat Kohli was on Thursday named the world cricketer of the year, besides bagging the top honour for ODI players in the ICC annual awards.

No

Stokes court date clashes with T20 return

18 Jan 2018 | 6:03 PM

LONDON: Ben Stokes's return to international cricket could be further delayed as he faces having to be in court the day he was due to play a T20 match in New Zealand, police revealed on Thursday.

No

Lungi dance at Centurion

18 Jan 2018 | 2:07 AM

CENTURION:Debutant Lungi Ngidi took six wickets as South Africa defeated India by 135 runs to claim victory in the second Test, also winning the series with an unassailable 2-0 lead in the three-match contest here today.

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