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.
Real Madrid: Cristiano will prove innocence over tax allegations
Real Madrid said in a statement it had "full trust" in its player, who they believe has "complied with his fiscal obligations". Ronaldo earned £72 million from salary, bonuses and endorsements in 2016 and is now the world's highest-paid sportsperson.
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.
Prominent Trump supporters are pushing for firing of Special Counsel Robert Mueller
Gingrich and Ruddy said it would be a "mistake" for Trump to remove Mueller, although both said they see the probe as unnecessary. Justice Department spokesman Ian Prior declined to comment on the possibility of Trump seeking to remove Mueller.
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.
Bill Cosby's wife Camille arrives in court as defense case begins
Last week, accuser Andrea Constand testified that Cosby drugged and molested her in 2004 at his gated estate near Philadelphia. And all along, they said Constand was a willing romantic partner. "There are some things in this case that should be fuzzy.
The Council also decided the threshold limit for the composition scheme for special category states.
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