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GST pros & cons


LuvNTR

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Last 3 years lo comman man ki use ayye okka good thing cheppu Modi rule lo?

Saved all corrupted ViPs:

Jayalalitha

Malya

Jagan

Lalith Modi

Yedurappa

Gali janardhan

Salman. Khan

Continue....

Ina Modi ki vote veyyaledu niku enkudu emi cheste cheyyakapote ....Ikkada konta mandi Modi adi chestadu idi chestadu ani telsina valu andarki cheppi vote veyincharu...vallu feel ina oka ardam undi

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Meeku Modi edhi chesina jai antaru...emi cheyyatam ledhu kanuka memu assam antunnam :-)

 

Kreji ni tourture peduthunnadu ga Modi daily edho oka task tho..so athani problem ala express chesthunnadu.

 

meeru memu ante ?? oho.. enni matladina malli last ki aa religious perspective and hindu muslim angle lo ne chustav anamaata.. induku kaadhu bhayya prapancham antha dobbedhi muslims way of thinking ni.. ??

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జిఎస్‌టితో ఫోన్ల ధరలు 8 శాతం పెరుగుతాయ్‌...
10-08-2016 23:55:16
  • కూల్‌ప్యాడ్‌ అంచనా
న్యూఢిల్లీ: వస్తుసేవల పన్ను (జిఎస్‌టి) అమలు జరిగితే మొబైల్‌ ఫోన్ల ధరలు 7-8 శాతం మేర పెరుగుతాయని కూల్‌ప్యాడ్‌ అంచనా వేస్తోంది. ప్రస్తుతం మొబైల్‌ ఫోన్ల ధరలు అందుబాటులో ఉండే విధంగా పలు రాష్ట్రాలు కొన్ని రకాల రాయితీలను ఇస్తున్నాయి. జిఎస్‌టి మూలంగా ఈ రాయితీలకు కాలం చెల్లిపోనుంది. ఈ నేపథ్యంలో ధరలు పెరుగుతాయని కూల్‌ప్యాడ్‌ ఇండియా సిఇఒ సయ్యద్‌ తాజుద్దీన్‌ తెలిపారు.
 
కొన్ని రాష్ర్టాలు అదనపు పన్నులు విధించడం వల్ల గత రెండు మూడు నెలల్లో ఆన్‌లైన్‌లో మొబైల్‌ ఫోన్ల అమ్మకాలు తగ్గుముఖం పట్టాయని, అయితే జిఎస్‌టి అమల్లోకి వస్తే ఆన్‌లైన్‌ అమ్మకాలు పుంజుకుంటాయని ఆయన చెప్పారు.
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Hopeful that all states will be tabling bills on GST in winter session: M Venkaiah Naidu

 

"We are hopeful that both bills (Central GST and Inter-state GST) will be tabled in the winter session. I have already spoken to 15 chief ministers," said M Vankaiah Naidu.

 

Working overtime to get states on board over the GST following the passage of the Constitution amendment bill in Parliament, the government is keen to bring two bills aimed at implementing the new tax regime in the winter session to meet the April, 2017 deadline for its rollout.

“We are hopeful that both bills (Central GST and Inter-state GST) will be tabled in the winter session. I have already spoken to 15 chief ministers,” Information and Broadcasting Minister M Venkaiah Naidu said.

Though the government has built a political consensus on the reform measure, the process for its rollout is a long one, making many wonder if the Centre will be able to meet the deadline.

The Parliament secretariat is putting in strenuous efforts to compile the process undertaken in both the Houses before they are vetted by the Law Ministry and sent to all the states.

At least 16 states are required to ratify the Constitution amendment bill on GST. It will be then sent to the GST Council which will decide on the new tax rate as well as centre and state taxes that will be subsumed in the new tax regime.

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Assam becomes first state to ratify GST Bill

 

Finance Minister Himanta Biswa Sarma said the Chief Minister wanted Assam to become the first state to pass the bill to send a positive signal to the industry.

Assam on Friday became the first state in the country to ratify the constitution amendment bill on the Goods and Services Tax (GST) as the assembly unanimously passed the bill.

 

The state cabinet approved the bill on Friday morning, before it was placed in the House during the ongoing assembly session.

“A historic resolution was passed in the assembly on Friday. Assam became the first state to ratify the constitutional amendment bill relating to the GST,” Chief Minister Sarbananda Sonowal tweeted soon after it was ratified.

 

“I am sure Assam will benefit from the GST through higher economic growth and better revenue collection,” said Mr.Sonowal.

Mr. Sonowal later told the media that Prime Minister Narendra Modi, during a telephonic conversation, congratulated him on the bill’s ratification.

Finance Minister Himanta Biswa Sarma said the Chief Minister wanted Assam to become the first state to pass the bill to send a positive signal to the industry.

“It is a historic occasion for the state to be the first to pass this bill. I thank the Speaker (Ranjit Kumar Das) for allowing us to introduce it as we informed him on Thursday night,” said Sarma, who introduced the bill on behalf of the Chief Minister.

The opposition Congress and All India United Democratic Front MLAs, who had earlier sought a discussion in the assembly to evaluate GST’s impact on Assam and its people, also supported the bill.

Their demand for a discussion was earlier turned down by the Speaker.

 

Of the central GST portion, 42 per cent tax will be given back to the state. The GST will also have a special concession option for north-eastern and Himalayan states if they request reduction in taxes for any reason.

Besides, these states can collect special tax during any natural calamity or disaster, subject to approval by the GST Council.

The Constitution (122nd Amendment) Bill for GST was passed by the Lok Sabha on Monday, with 443 members present in the House voting in favour of the legislation. The deadline for the rollout of the GST is April 1, 2017.

At least 50 per cent of the states have to pass what is technically the Constitution (One Hundred and Twenty Second Amendment) Bill, 2014, for the next steps of legislative action to follow, to ultimately introduce a pan-India Goods and Services Tax regime.

The new regime seeks to subsume all central indirect levies like excise duty, countervailing duty and service tax, as also state taxes such as value added tax, entry tax and luxury tax, to create a single, pan-India market.

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  • 3 weeks later...

9 states passed GST Bill

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9 states ratify GST Bill

New Delhi, Aug 28, 2016, DHNS:
 

 

 

 

 A resolution ratifying the amendments to the Constitution enabling the roll-out of the GST regime has been adopted by nine state assemblies within three weeks of Parliament passing the relevant legislation.

The requisite 16 state assemblies could adopt identical resolutions well before the September deadline set by the Modi government that would enable it to put in place the necessary procedures to ensure implementation of the GST from April 1 next year.

Till Friday, nine state assemblies—Assam, Bihar, Jharkhand, Himachal Pradesh, Chhatisgarh, Gujarat, Madhya Pradesh, Delhi and Nagaland had adopted the resolution ratifying the amendments to the Constitution enabling the government to roll-out the GST.

The assemblies of Maharashtra, Uttar Pradesh and Haryana are expected to take up the resolution for discussion and voting on Monday. 

A special session of the West Bengal Assembly is underway and the resolution may be discussed and voted upon there.The Telangana Assembly has convened a special session on Tuesday to adopt the resolution ratifying the GST amendments.

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  • 2 weeks later...

President Pranab Mukherjee signs GST bill into law

 

President Pranab Mukherjee on Thursday signed the Goods and Services Tax (GST) Bill, paving way for it to become law.

 

GST's signing into law comes after 16 of the 29 states ratified the bill over the past few days. In August, the bill was unanimously passed both in the Rajya Sahba and Lok Sabha.

 

The bill had to be ratified by a majority of states before it could become law.

Finance Minister Arun Jaitley on Wednesday stressed on the urgency of the implementation of the GST Bill saying the government is "racing against time" to meet the 1 April 2017 deadline.

 

Jaitley was speaking at the India Summit organized by The Economist on Wednesday.

"It is a very stiff target. We are running against time. But I would certainly like to give it a try," he said.

The implementation of GST will convert the country into "one seamless market" and facilitate smooth transfer of goods and services, he said.

 

Describing it as an important step forward, Jaitely said the implementation of GST will lead to a "more efficient system" and "plug the leakages" in the economy.

He also stressed on the GST's overall impact saying "in the long run it may stabilize the tax rates and even bring them down".

 

The GST bill was sent to the President's secretariat after as many as 17 states, led by BJP-ruled Assam, ratified the bill.

The other states which passed the legislation include Bihar, Jharkhand, Chhattisgarh, Himachal Pradesh, Gujarat, Madhya Pradesh, Delhi, Nagaland, Maharashtra, Haryana, Sikkim, Mizoram, Telangana, Goa, Odisha and Rajasthan.

The Andhra Pradesh assembly ratified the bill today.

Revenue Secretary Hasmukh Adhia recently said that the government is ahead of schedule for implementation of GST.  "Instead of 30 days kept for this (states' ratification), it is achieved in 23 days," he had said in a tweet.

 

The enactment of the bill will pave the way for the setting up of the GST council—the representative body comprising of state finance ministers and the Union finance minister, which will decide on some of the contentious issues like the tax rates, sharing of administrative control between the Centre and the states as well as the revenue threshold levels for traders below which they will be exempted from GST.

Resolution of these issues is important if the government wants to table the supporting legislations—the central GST law and the integrated GST law in the upcoming winter session of Parliament starting in November.

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  • 1 month later...

GST rate structure finalised, panel fixes rates at 5%, 12%, 18% & 28%

 

NEW DELHI: A 4-tier GST tax structure of 5, 12, 18 and 28 per cent, with lower rates for essential items and the highest for luxury and de-merits goods that would also attract an additional cess, was decided by the all- powerful GST Council today. 

With a view to keeping inflation under check, essential items including food, which presently constitute roughly half of the consumer inflation basket, will be taxed at zero rate. 

The lowest rate of 5 per cent would be for common use items while there would be two standard rates of 12 and 18 per cent under the Goods and Services Tax (GST) regime targetted to be rolled out from April 1, 2017. 

Announcing the decisions arrived at the first day of the two-day GST Council meeting, Finance Minister Arun Jaitley said highest tax slab will be applicable to items which are currently taxed at 30-31 per cent (excise duty plus VAT). 

 

Luxury cars, tobacco and aerated drinks would also be levied with an additional cess on top of the highest tax rate. 
 

The collection from this cess as well as that of the clean energy cess would create a revenue pool which would be used for compensating states for any loss of revenue during the first five years of implementation of GST. 
 

The cess, he said, would be lapsable after five years. 


Jaitley said about Rs 50,000 crore would be needed to compensate states for loss of revenue from rollout of GST, which is to subsume a host of central and state taxes like excise duty, service tax and VAT, in the first year. 

The 4-tier tax structure agreed to has slight modification to the 6, 12, 18 and 26 per cent slab that were under discussion at the GST Council last month. 

The structure to agreed is a compromise to accommodate demand for highest tax rate of 40 per cent by states like Kerala. 

While the Centre proposed to levy a 4 per cent GST on gold, a final decision was put off, Jaitley said. 


 
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Again charging customers additional cess to collect money to compensate states revenue loss due to GST.......

 

Final loosers on this GST bill is customer...he will pay more now for next 5 years....BJP cheats customer now smartly..... :terrific:

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The collection from this cess as well as that of the clean energy cess would create a revenue pool which would be used for compensating states for any loss of revenue during the first five years of implementation of GST.

 

The cess, he said, would be lapsable after five years

 

 

Asalu intha direct ga ela chepthunnaru siggu lekunda. Name of the cess (Clean Energy) and it would be used to compensate states for loss of revenue. Court lo case veyinchukovali ane durada kakapothe entidhi

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dravidict bro....jaitley is worst guy who walks around without shy anukunta...asalu GST anedi modi gaari dream. customers adagaledu kada...then why they are charging additional cess. not only cess....service tax also increased...15% Rate on mobile services, restaurant meals undedi....ippudu adi 18% chesadu....

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  • 1 month later...

Safety Cess: A new cess is in plans in railway tickets..... :roflmao:  :roflmao:  :roflmao: 

 

 

Hike in fares likely as Indian Railways mulls ways to raise resources 
 

NEW DELHI: Train passengers may have to shell out more as Railways is mulling increasing fares in a bid to raise resources after the Finance Ministry rejected its proposal of a special safety fund. 

According to the proposal, a safety cess will be levied to generate funds for strengthening track and upgrading signalling system and elimination of unmanned level crossings among other safety-related works to prevent mishaps. 

Earlier Railway Minister Suresh Prabhu had written a letter to Finance Minister Arun Jaitley seeking Rs 1,19,183 crore to create the special Rashtriya Rail Sanraksha Kosh for undertaking various safety works. 

However, the proposal did not find much favour with the Finance Ministry and it asked the Railways to raise resources on its own by raising fares. 

The Finance Ministry agreed to provide only 25 per cent and suggested that Railways raise 75 per cent resources itself for the special safety fund, sources said. 

"Though the Railway Minister is not in favour of raising fares at this juncture when passenger bookings are falling and fares of AC-2 and AC-1 are already on higher side, the reluctance of Finance Ministry to provide a bail-out package has left the minister with no option," a source said. 

According to the plan, the cess on Sleeper, Second Class and AC-3 will be higher while it will be marginal for AC-2 and AC-1. 


A final decision on raising fares is yet to be taken as modalities are still being worked out, sources added. 

Railways is witnessing train derailments on almost regular basis - two in quick succession in the recent past causing heavy casualties. Experts say these mishaps have taken place due to the lack of upgrading and proper maintenance of track and signalling system. 

The basic thrust in the Rashtriya Rail Sanraksha Kosh proposal is to go for modern signalling system  .. 

The basic thrust in the Rashtriya Rail Sanraksha Kosh proposal is to go for modern signalling system and elimination of all vulnerable unmanned level crossings to prevent accidents. Since majority of accidents happen at unmanned level crossings it is essential to eliminate those level crossings through construction of road over bridges and under bridges. 

Since Railways has decided to increase the average speed of trains, it is important that rail track and rail bridges are also strengthened along with signalling upgrade. 

Apart from increasing speed of passenger service, Railways has also decided to run freight trains with 25 tonne axle load for which strengthening of track and rail bridge is essential. 


 
http://economictimes.indiatimes.com/industry/transportation/railways/hike-in-fares-likely-as-indian-railways-mulls-ways-to-raise-resources/articleshow/55919755.cms
 


 
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Veella abba sommu ani salaries anni anavasaram ga penchesaru aa railway employees ki. okkokkadu taking minimum 50000 Rs home. 

 

Janala raktham thaaguthunnaru ee central govt. employees.

 

AC & First class tickets are more costlier than flight tickets now a days. no wonder people are opting for flights now.   :super:

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Veella abba sommu ani salaries anni anavasaram ga penchesaru aa railway employees ki. okkokkadu taking minimum 50000 Rs home.

 

Janala raktham thaaguthunnaru ee central govt. employees.

 

AC & First class tickets are more costlier than flight tickets now a days. no wonder people are opting for flights now. :super:

50k enti railway driver takes 1lk with incentives ...:run_dog:

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50k enti railway driver takes 1lk with incentives ... :run_dog:

 

donga naakodukul. People blood literally sucking everyday. They made entire indian railways prone to loss now onwards with this salary increase. vellaki HRA anta TA anta DA anta. emi anna luxury life velladi.

 

Inflation is not because of Petrol price or commodity prices in india. It is because of govt. employees salaries and expenses.

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