In this connection, the Finance Minister said that the Council has allowed businesses a relaxation of time for the first two months (July-August) for filing their returns.
In a letter to Finance Minister Arun Jaitley, Assocham said existing assessees have not yet migrated to the GSTN portal due to reasons like non-familiarity with IT tools as well as registration process.
Builders body Confederation of Real Estate Developers Association of India (CREDAI) has urged the government to consider accommodating the abatement of land value in the new goods and services tax (GST) regime to ensure that home prices don't rise.
Brooks Koepka caps a record week with US, Open title
The 356 yard par-four 15th was the not only the toughest hole of Sunday's final round but proved key swing in the trophy chase . He joined McIlroy (2011 at Congressional) and Tiger Woods (12-under at Pebble Beach in 2000) as the only players to win a U.S.
Once fully up and running, the GST would require companies to file a complete return of their sales invoices by the 10th of the following month, with a second of their purchase invoices by the 15th. The GST Council has finalised a four-tier GST tax structure of 5 per cent, 12 per cent, 18 per cent and 28 per cent, with lower rates for essential items and the highest for luxury and de-merits goods, including luxury cars, SUVs and tobacco products.
The GST Council cleared six rules which included anti-profiteering rules as well.
However the minister added that "a number of companies and trade have been raising the issue of lack of preparedness". Isaac, however, said that the check posts would be still be in existence in Kerala until the e-way was functional. GST is an initiative to create "one nation, one tax, one market", he says.
"It will have a sunset clause of two years", Adhia said.
Steve Scalise's condition upgraded from 'critical' to 'serious' condition
The American Hospital Association defines "critical" condition as: "Vital signs are unstable and not within normal limits". The person did not disclose the names but said those listed had been briefed.
As per the draft e-way bill rules, any good costing Rs 50,000 will have to be registered with GST Network for inter- and intra-state movement to plug tax evasion.
The GST Council will consider on June 30 the state's other demands including a tax for ayurveda medicines on a par with modern medicines, an increase in taxes for cosmetics and a decrease in tax for bamboo products.
A standing committee of nine members, consisting of state, central and GST Council officials, will examine complaints that will be passed on to the Director General Safeguards for investigation. "Council decided categorically it will be implemented from 1st July onwards".
"Till a consolidated rule is framed by consesnsus, the transient rule will continue", Jaitley said on the e-way bill issue. Earlier, it had proposed to levy 28 per cent on hotel bills exceeding Rs 5,000. The GST - a uniform levy across the country - will be rolled out at midnight on June 30, ahead of which the council will meet again.
Land & Buildings Urges Hudson's Bay To Evaluate All Strategic Alternatives
The company's shares hit a record low earlier this month after the company reported a bigger-than-expected quarterly loss. Nine investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock.
The Council also decided the threshold limit for the composition scheme for special category states.
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