GST on over 200 items may be reduced today

Only 62 items likely to stay in 28% GST slab

Only 62 items likely to stay in 28% GST slab

The 23rd GST Council meeting got underway in Guwahati on Thursday evening while the opposition Congress agitated outside the venue protesting the negative impact of GST on small businesses, poor and marginalised sections of the society. "The GST fitment committee has also recommended reducing tax rates from 18 per cent to 12 per cent on a number of goods", Sushil Modi said at a function at the Bihar Chamber of Commerce here. The objective behind lowering tax on these items falling in the top slab is to give more relief to the small businessmen and consumers. Most of the rate cuts will be introduced for items that are now in the 28 percent GST bracket.

Karnataka agriculture minister Krishna Byre Gowda said eventually the 12% and 18% slabs should converge and that only a few items should remain in the 28% slab. "The whole idea is, as your revenue collections neutralises we must prune it", he had said. "I see it as a future guide as well, as far as the Council is concerned", Jaitley had said during a media conclave.

The best and worst uses of Twitter's new 280-character limit
In all, the tweets received hundreds of thousands of shares, from people apparently mostly annoyed at the change. It's a confusing time, with most users complaining about this update, and the rest taking the absolute piss.

GST, a single tax that subsumed as many as 43 taxes and cesses, was rolled out on July 1. Also tax rate on items like furniture, electric switches, plastic pipes could be relooked.

"When we were advising the Central government that common people, small traders, MSME and small scale industry is over burdened with GST tax structure and are suffering, the government was in denial".

Packers cut former Bears TE Martellus Bennett
Without Bennett on Monday night against the Lions, Kendricks had two catches for 32 yards and Rodgers one catch for 5 yards. During a recent Instagram post, Bennett hinted that he could retire at the end of this season.

The GST Council, which comprises of representatives of all states, have already rationalised tax rates for over 100 items.

Apart from bringing down the taxes, the GST Council may also take call on incentivising digital transactions for both customers and traders to boost digital payments in the country. Our expectation is that something positive will come out of the two-day meeting."Assam finance minister Himanta Biswa Sarma on Monday said the Guwahati GST Council meeting is significant because it will be an occasion when the implementation of GST over the last three months will be reviewed and discussions will be had on the reports of the three committees on composition scheme, rationalization of rates and GST network". The aim is also to simplify the GST return filing system.

Cristiano Ronaldo: 'Being a father has changed me completely'
The report that Ronaldo had put his money on the line came from the Onda Cero programme El Transistor during the week. The surprising angle on Ronaldo's goal struggles in La Liga is that he can score in other competitions.

Recommended News

  • Income Tax Officials Raid In Jaya TV Office In Chennai

    Income Tax Officials Raid In Jaya TV Office In Chennai

    Meanwhile, in all the premises where searches were conducted, Tamil Nadu police provided security to I-T department officials. A group of 30 I-T officials conducted raids at 11 places in Thanjavur and Tiruchirappalli districts from 7 am.

    Veterans Day events in Washington County

    Army veterans will speak at a post-holiday Veterans Day assembly Monday, Nov. 13 in the Libby High School Ralph Tate gymnasium. The American Legion Post #28 will be involved in a Veterans Day program at Genesis Healthcare Center, in New Martinsville.
    Gonzaga athletics shares top spot nationally in graduation rate

    Gonzaga athletics shares top spot nationally in graduation rate

    More specifically, 14 Ohio State programs are equal to or ahead of the national GSR for their sports. Arkansas baseball had a GSR score of 65, which is nine points lower than last year's score of 74.
  • Boeing's $37bn China deal for 300 planes takes off

    Boeing's $37bn China deal for 300 planes takes off

    Boeing has secured a $ 37bn (£28bn) deal for China to buy 300 of its aircraft as the country looks to cater for rising demand by picking up new planes.
    Opel plans to turn a profit by 2020 under new French owners

    Opel plans to turn a profit by 2020 under new French owners

    The R&D center in Rüsselsheim will also become a global competence center for Groupe PSA, while the brand would go global. Opel/Vauxhall will switch to efficient and flexible Groupe PSA vehicle architectures faster than originally expected.
    First look at new 'Doctor Who' star Jodie Whittaker

    First look at new 'Doctor Who' star Jodie Whittaker

    Comic artist Patrick Goddard shared an early drawing he did of the costume, which he shared with the Doctor Who costume designer. Some quick background information: William Hartnell was the first man to play The Doctor when the series premiered in 1963.
  • Bodyguard Reveals More Details About Trump Accusations Involving Russian Escorts

    Bodyguard Reveals More Details About Trump Accusations Involving Russian Escorts

    Keith Schiller spoke to the committee on Tuesday in a closed-door interview, but three sources confirmed the topic to NBC News. That's according to two sources contacted by NBC News, not exactly the friendliest network to Trump around.
    Pyne refuses to budge on Manus refugees

    Pyne refuses to budge on Manus refugees

    The letter continued: "If necessary, force may be used to relocate those who refuse to move voluntarily for your own sake". Non-refugees are to move to the Hillside Haus where they "will be given three meals a day" and a shared room.
    Kevin Spacey removed from Ridley Scott's film

    Kevin Spacey removed from Ridley Scott's film

    Spacey allegedly bought her son "drink after drink" and then stuck his hand down the teen's trousers and grabbed his genitals. Spacey went on to clarify his sexuality, admitting he was now living as a homosexual following years of rumours.
  • Louis CK Exposed - FIVE Women Come Forward With Accusations Of Sexual Misconduct!

    Louis CK Exposed - FIVE Women Come Forward With Accusations Of Sexual Misconduct!

    Reps for the NY premiere said the event was canceled due to "unexpected circumstances", according to The Hollywood Reporter . Louis C.K. became the latest Hollywood celebrity to be accused of sexual misconduct following a bombshell article Thursday.
    U.S.  aircraft carriers to conduct joint drill in Pacific

    U.S. aircraft carriers to conduct joint drill in Pacific

    The exercise announcement comes as President Donald Trump arrived in China to discuss North Korea's nuclear and missile program. It also reiterates the president's desire for Congress to pass $1.6 billion in funding for a wall on the border with Mexico.
    Google's new Android app

    Google's new Android app

    The feature uses Bluetooth connectivity of your device to enable wireless transfer - without requiring an active data connection. However, this opinion has proved unpopular, as file managers are some of the most downloaded apps by category on the Play Store.

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.