Sources said the BJP-ruled states are unlikely to participate in the meeting because “there is a feeling that certain groups in the Committee were trying to create a block and to put the central government in a dock.”
Affected consumers may file the application before the state screening committees if the profiteering is of local nature or standing committee on anti-profiteering if the profiteering is of all-India character, the CBEC said.
The advisory group has also asked for continuation of the summarised return under GST, GSTR-3B, for one more year along with filing of all returns on a quarterly basis but payment of GST on a monthly basis.
It must be brought within the ambit of the new tax regime. This will reduce costs, eliminate cross-subsidisation and restore the neutrality of incentives which is essential to good tax policy.
Maharashtra receives settlements worth Rs 1,680 cr from Centre in November
Centre to gauge revenue receipt trends, look at ways to increase compliance.
Central Board of Excise and Customs asked them to approach chief commissioner of central tax and the commissioner of state tax for the claim.
Indian tourists travelling to foreign destinations are choosing more “offbeat” destinations like Maldives and Mauritius and not “regular destinations” such as Thailand and Singapore.
“GST has made doing business and trade very easy. The market size for every trader has grown. Now the whole country is his market,” Arun Jaitley said.
Sources said the move “may have a cascading effect” as other ministries and some state government agencies have made informal inquiries to the Railways about the decision.
On the GST, Arvind said that Co-operative Federalism is India’s future. However, at the same time, a bright hope for India is competitive Federalism, the states competing with each other, he said.
“I am aware of the political price I will have to pay for the steps taken by the government but I am ready for it,” says Prime Minister Modi.
Hitting out at the Congress over its criticism of the Goods and Services Tax , Modi said: “Some new economists who have always looted the country can only remember a dacoit.”
Due to glitches faced by the IT backbone of GST, many taxpayers had faced difficulty in filing comprehensive returns.
But where are Jai and Veeru and the straight-talking Basanti? In Gujarat, the cast of characters is incomplete