Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
LIVE TV DownloadNews18 App
News18 English
»
1-min read

Recommendations of GST Council Will Benefit People: PM Narendra Modi

Prime Minister Narendra Modi on Friday said public participation was at the core of the government's functioning and that all its decisions were "people-friendly and people-centric".

PTI

Updated:November 10, 2017, 11:45 PM IST
facebookTwitterskypewhatsapp
Recommendations of GST Council Will Benefit People: PM Narendra Modi
File photo of Prime Minister Narendra Modi.
Loading...

New Delhi: Prime Minister Narendra Modi on Friday said the recommendations made by the GST Council will further benefit the people and add strength to the tax regime.

Modi also said public participation was at the core of the government's functioning and that all its decisions were "people-friendly and people-centric".

"The recommendations made by the GST Council today will further benefit our citizens and add strength to the GST. These recommendations are in spirit of the continuous feedback we are getting from various stakeholders on GST," he said on Twitter.

The prime minister stressed that the government was working "tirelessly" for the country's economic integration.

In the biggest GST rejig yet, tax rates on over 200 items, ranging from chewing gum to chocolates, to beauty products, wigs and wrist watches, were today cut to provide relief to consumers and businesses amid economic slowdown. The Council met in Assam's Guwahati earlier in the day.

As many as 178 items of daily use were shifted from the top tax bracket of 28 percent to 18 percent, while a uniform 5 per cent tax was prescribed for all restaurants, both air-conditioned and non-AC, Finance Minister Arun Jaitley said after the GST Council meeting.

Currently, 12 percent GST on food bill is levied in non-AC restaurants and 18 per cent in the air-conditioned ones. All these got input tax credit, a facility to set off tax paid on inputs with final tax.

The GST, implemented from July 1, has five tax slabs of 0 percent, 5 percent, 12 percent, 18 percent and 28 percent.

| Edited by: Bijaya Das
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwitterskypewhatsapp

Live TV

Loading...
Countdown To Elections Results
  • 01 d
  • 12 h
  • 38 m
  • 09 s
To Assembly Elections 2018 Results