Published: Wed, June 14, 2017
Medicine | By Daryl Nelson

GST rollout from July 1, don't be misled by delay rumours

GST rollout from July 1, don't be misled by delay rumours

3 per cent was agreed upon along with a view to consider raising the rate to 5 per cent in the coming years, they said.

Retail stores and e-commerce websites have announced big discounts on electronics, home appliances, clothes, footwear and more ahead of the implementation of Goods and Services Tax or GST from July 1.

With regard to some of the speciality textile fabrics, that remain under the 12 % slab, Mr. Thulasidharan said this would be unsustainable.

Electric traders assn demand reduction in GST The Madras Electric Traders Association (META) on Tuesday appealed to the Centre to reduce the GST on electric items and in a statement explained the implications the industry will undergo if the GST is implemented. Hence, CITI is of the view that it would be justifiable to retain the same at 5 per cent GST slab.

Jury begins deliberating charges brought against officer who fatally shot Philando Castile
Prosecution use-of-force expert Jeffrey Noble testified there was "absolutely no reason" to believe Castile was a threat. Yanez testified Friday that he meant that he didn't know where the gun was "up until I saw it in his right thigh area".

Meanwhile, West Bengal Finance Minister Amit Mitra continued to raise serious doubts over the feasibility of the new indirect tax regime and proposed its postponement by a month or so. Similarly, 50% of items-including foodgrain and articles of daily use-have been exempted of GST. This has been provisioned under the GST Act where GST Council has been given the power to recommend for the refund of unutilised credit under inverted duty structure case.

Bad loans and GST preparedness of banks was discussed among other issues here at the day-long review meeting of public sector banks with Finance Minister Arun Jaitley and other ministry officials.

Chairman of Southern India Mills' Association M. Senthil Kumar said in a press release that the rate for job work for any sewn textile product should also be reduced to 5 %.

He also thanked the government and GST Council on behalf of the textile industry for increasing turnover from Rs 50 lakh to Rs 75 lakh under composition scheme for traders and manufacturers which will help MSME to grow their business and carry out their activities efficiently.

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