GET Stock QuotesNews18 APP
News18 English
Powered by cricketnext logo
»
1-min read

Cabinet Clears Amendments to GST Laws

The government will now table amendments to the Central GST law, Integrated GST law, Compensation Cess law in the ongoing monsoon session of Parliament.

PTI

Updated:August 1, 2018, 3:11 PM IST
facebookTwittergoogleskypewhatsapp
Cabinet Clears Amendments to GST Laws
GST supporters take out a rally in Mumbai. (File photo: Reuters)
Loading...
New Delhi: The Cabinet on Wednesday approved GST laws amendments which included hiking threshold limit for availing composition scheme dealers to Rs 1.5 crore, among other things.

The government will now table amendments to the Central GST law, Integrated GST law, Compensation Cess law in the ongoing monsoon session of Parliament.

GST laws amendments have been cleared, an official source said after the Cabinet meeting chaired by Prime Minister Narendra Modi.

In all, there are 46 amendments, which among other things, will allow employers to claim input tax credit on facilities like food, transport and insurance provided to employees under any law.

It also provides for modification of reverse charge mechanism, separate registration for companies having different business verticals, cancellation of registration, new return filing norms and issuance of consolidated debit/credit notes covering multiple invoices.

Also Watch

Read full article
Loading...
Most Active
Company Price Change %Gain
Tech Mahindra 711.55 +23.60 +3.43
Adani Enterpris 217.65 +5.15 +2.42
HCL Tech 1,004.75 +16.50 +1.67
Infosys 1,377.00 -7.25 -0.52
Larsen 1,326.00 +2.30 +0.17
Company Price Change %Gain
Thomas Cook 246.70 +6.95 +2.90
Godrej Consumer 1,385.00 -13.80 -0.99
Adani Enterpris 217.85 +5.50 +2.59
Larsen 1,326.00 +2.05 +0.15
Tata Motors 269.10 -0.45 -0.17
Top Gainers
Company Price Change %Gain
Tech Mahindra 712.00 +24.05 +3.50
UPL 631.10 +12.20 +1.97
HCL Tech 1,004.60 +16.35 +1.65
Coal India 288.55 +4.50 +1.58
GAIL 384.25 +5.20 +1.37
Company Price Change %Gain
Wipro 289.15 +4.85 +1.71
Coal India 288.35 +4.15 +1.46
Bajaj Auto 2,758.00 +24.00 +0.88
Asian Paints 1,422.05 +13.15 +0.93
ITC 314.80 +1.70 +0.54
Top Losers
Company Price Change %Gain
Vedanta 219.20 -2.65 -1.19
Tata Steel 592.75 -6.65 -1.11
Titan Company 910.55 -11.15 -1.21
BPCL 372.45 -3.50 -0.93
ICICI Bank 335.55 -2.90 -0.86
Company Price Change %Gain
Vedanta 219.30 -2.50 -1.13
Tata Steel 593.30 -6.10 -1.02
ICICI Bank 335.60 -2.75 -0.81
Bharti Airtel 367.60 -2.80 -0.76
SBI 305.90 -1.65 -0.54
Loading...
Loading...