GST Council meet today; more sops likely for traders

GST likely for Netflix and iflix soon

GST likely for Netflix and iflix soon

It will review the provisions of imposing taxes on customers in restaurants.

- A lot of items in stationery were at 28% now at 18%.

The officials further clarified, "The GST ranging from 5% to 12% is leviable on branded and packed food items, vegetables and fruits, while no GST is chargeable on unbranded and unpacked food items".

The report also suggested a possible GST rate cut in the luxury goods category which now is in the 28 per cent tax bracket.

Rate on many job work items reduced to 5% from 12%.

Super Eagles ignoring Zambia mind games
The coach said that he had absolute confidence in not just his players but their management because they were on top of the cracker between the two countries.

The BJP-led Modi government has announced a slew of changes to its tax laws in a bid to ease the burden on small and medium businesses, which have suffered the most since the introduction of a new national tax earlier this year.

Reverse charge mechanism for transactions between registered and unregistered businesses has been deferred till Mar 31, 2018. "Moreover, an e-wallet will be created for each exporter by April 1, 2018 to carry forward the process", he added.

The steps taken by the Council will provide urgent but temporary relief to SMEs, said V.K. Agarwal, former president of the Federation of Indian Small and Medium Enterprises.

The council deliberated on GSTN glitches and issues faced by exporters. The government may also bring down GST rate on several goods and services to stem the slowdown in the economy.

Council is likely to decide on providing some relief to exporters in terms of faster refunds as well as compliance. Changes to this effect would ensure that exporters get their working capital locked up in refunds released quickly.

Where to get McDonald's Szechuan sauce in Boston this weekend
In its announcement, McDonald's doesn't quite cop to responding to " Rick and Morty " fan pressure by re-releasing the sauce. Posters are available with the purchase of Buttermilk Crispy Tenders at participating McDonald's restaurants.

The amendment to the GST Act is part of the department's goal of achieving an additional RM1bil from GST from the remaining Q4 of 2017, and subsequently meets its Key Performance Index (KPI) of collecting RM42bil worth of GST.

Reports quoting sources said the GST Council has chose to relax the reporting requirement for gold purchases.

Also various GST Network-related technical issues and confusions over admissibility of these refund claims are further going to build the tension for the sector under the GST ecosystem.

The council responded favourably to the the call by small businesses to lower the compliance burden by allowing them to file returns only once in a quarter instead of once every month as is required at present.

This threshold of turnover for special category states, except Jammu and Kashmir and Uttarakhand, has been increased to Rs 75 lakh from Rs 50 lakh.

Las Vegas Shooter Booked Hotel Rooms Near Lollapalooza
That festival featured Chicago's Chance The Rapper, who also performed at Lollapalooza on August 5. The hotel was across the street from Grant Park, where the four-day festival was taking place.

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