The GST Council approved the final draft of Central GST and Integrated GST laws in its meeting headed by Finance Minister Arun Jaitley in New Delhi.


Briefing media in New Delhi, Jaitley said, the UT-GST and SGST laws will be approved in the next meeting on March 16.

The compensation bill has been approved by the Council in its last meeting at Udaipur. These legislative proposals will be taken up in the second half of Budget session of Parliament beginning next week.

He exuded hope that GST will be rolled out from First of July this year. Replying to a media query, the Minister said, there will be no change in the tax rates approved by the Council. However, there will be a cap of 40 percent in the legislation.

Agriculturists will be exempt from registering under the GST regime. Apart from this, business entity with an annual turnover of up to 20 lakhs rupees will also not be required registration under the new tax regime.

(SA - @05/03)

1
2
3
US Defence Secretary to meet Ajit Doval on Ma...

US Defence Secretary to meet Ajit Doval on Ma...

Updated on : 21-03-2017 06:40 PM
India and the US will discuss a wide range of bilateral security issues and defence ties during National Security Adviser Ajit Doval's visit to the country.
PM assures complete support to Diamond Indust...

PM assures complete support to Diamond Indust...

Updated on : 20-03-2017 08:52 AM
Prime Minister addressed International Diamond Conference in Mumbai through video conferencing on Sunday.
DD News launches revamped App

DD News launches revamped App

Updated on : 16-02-2017 03:19 PM
DD News has launched its App (android/iOS) with ‘breaking news alert’ and many other new features.
Current Affairs
India home to 101 billionaires, Mukesh Ambani tops list...

India is home to world's fourth highest number of billionaires with Reliance Industries chief Mukesh Ambani leading the club of more than 100 super rich Indians, accord....

Updated on : 21-03-2017 10:23 AM
Weather
 

DD News,Copernicus Marg
New Delhi-110001
Phone No. :
Designed and maintained by National Informatics Centre(NIC)

Since December 2013
Total Visitors:46360207
© Copyright DDNews 2013, All Rights Reserved.