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GST Council meet from tomorrow to fix rates on goods, services


The Jammu and Kashmir government is holding a special session of the Assembly to debate its proposed law on GST to "protect" the state's constitutional position on taxing services.

Jaitley is hopeful that the GST Council will be able to reach a consensus to finalise the list of exempted items on Friday, including tax rate of gold and bidi. France was the first country to implement the GST in 1954.

US officials criticize Turkey after attack on DC protesters
Earlier in the day, Foreign Minister Mevlut Cavusoglu said the Trump administration understood Turkey's position against the YPG. Fire and EMS spokesperson reported two of those who were hurt sustained serious injuries and were taken to hospitals.

Holding of the meeting in Srinagar is not just the Centre's initiative but numerous states too had demanded way back in February that the Council should meet in Jammu and Kashmir when it decides the tax rates, official sources said.

"The GST will bring about comprehensive reform of the indirect tax regime in the country and a major financial reform to make India a single market", Patnaik said while addressing the legislators in the workshop on GST held ahead of the Odisha Assembly's special session on Thursday. Coal would attract a GST of 5 per cent, as compared to the existing tax rate of 11.69 per cent.

Russian FM mocks USA media over intelligence-sharing reports
At the press conference, Lavrov also said Russian Federation would like to improve its relations with the European Union (EU). A combination of file photos showing Russian Foreign Minister Sergei Lavrov and US President Donald Trump, May 17, 2016.

Telcos, according to the group, have already initiated the registration process involving migration to the GST regime while a clarity, according to it is still needed on certain aspects and GST deployment is highly dependent on IT compatibility and requires sufficient time.

The tax rates will be decided in a fashion to keep their impact on inflation as well as revenues to the government near neutral. On top of that there are over 60 services, like religious pilgrimage, healthcare, education, skill development, journalistic activities, which are exempt from service tax.

Celtics Unlikely To Trade For Paul George Or Jimmy Butler In Offseason
The lottery basically determines the first 14 picks in the draft and includes the teams that did not qualify for the postseason. It was pretty evident up to the draft lottery that the Lakers and the Ball family mutually felt like they would be a good fit.

"There has been a lot of concern raised regarding the GST rules and whether vendors will be ready by July 1", Neeraj Prasad, Additional Commissioner, GST Cell, Central Board of Excise and Customs (CBEC) said on Wednesday.

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