Launch planned in Jan earlier; delayed to supply Rs 500 notes.
Kumar responded to an e-mail query sent by The Indian Express saying: “GSTN is registered under Service Tax.
Revenue secretary, while appearing before a Parliamentary panel, has clarified the government’s stand on the fresh provisions introduced in the Budget.
Clashes between Centre and states over minutes of previous meet
The Council will get down to fixing rates of taxes for different goods and services by fitting them into the four approved slabs of 5, 12, 18 and 28 per cent, Jaitley said.
The Council is also likely to approve C-GST, I-GST and S-GST laws at its next meeting on March 4-5, he added.
“In the last 10 years, India’s growth rate was around 7.5 percent...but global environment, in next 10 years will not be as supportive as past,” Ahluwalia said.
In talks to include banks, FPIs
Currency note printing presses of the RBI and SPMCIL have worked without a break to remonetise by issuing new bank notes, he said.
In the first phase, the I-T department had sent 18 lakh communications, out of which over 7 lakh have filed their e-responses
“I think that it is important that one grows a thick skin fast in this business and I think we have done that."
Urjit Patel said the benefit of junking 86% of currency in circulation will take time to fully play out and needs more work to ensure they are lasting.
“If the solution or the idea is right, it will go like a hot knife through butter. If the idea is not working, for example demonetisation, don’t blame execution. I think your idea itself is wrong,” Bajaj said.
Concession over & above 90:10 division of taxpayers below Rs 1.5-cr threshold.
BRICS Development Bank is a multilateral development bank established by the BRICS states in 2014.
Sources in the government said those who did not reply must have "good legal explanation" for their cash deposits and may have chosen to show them in tax returns.
Impact of rising temperatures, on cross-bred cows could lead to a decline in per capita consumption.
The mineral-rich state has now a stable government and huge investment opportunities for investors, Jaitley said.
Putting India in the category of "mostly unfree" economies, the conservative political thinktank said progress on market-oriented reforms has been "uneven".
The unemployment rate in the October-to-December period held at an 11-year low of 4.8 percent.
India Ratings said India’s decision to scrap high-denomination currency notes “significantly disrupted” economic activity.
Retail inflation plunged even at a sharper pace to touch a five-year low of 3.17 per cent in January.
Credit demand for housing slipped to 14.8% in Dec, against 18.6% a year ago, according to RBI data.
Finance Minister Arun Jaitley announced last month that the GST may be implemented on July 1, 2017, it added.
"Large companies may understand how to implement GST but we are not so sure about small and medium enterprises," said Avendus Capital Alternate chief executive Andrew Holland
On June 20 last year, the government had "radically liberalised" the FDI regime with the objective of providing major impetus to employment generation in India.
Backed by consumption demand and government spending, the gross value added of the three production sectors would grow at 3 per cent, 6.1 per cent and 9.1 per cent year-on-year respectively.
Michael Flynn quit under scrutiny over whether he discussed the possibility of lifting US sanctions on Russia before Trump took office.
WPI inflation for January has increased to 5.25 per cent, from 3.39 per cent in the previous month.
On similar lines, the NSE Nifty slipped below the 8,800-mark by falling 17.80 points, or 0.20 per cent, at 8,787.25 points.
Besides, foreign fund inflows supported the rupee, but a lower opening of the domestic equity market.
The fuel component of CPI rose afresh on rising crude oil prices and weaker rupee.
Also, taxpayers have increased the cash deposit amount in nearly 90,000 accounts and provided details of additional 25,000 bank accounts in which cash was deposited, the tax department said.
The high court has listed additional safeguards to ensure that this assurance is not misused by people.
While total trade between the two nations in 2016 stood at $71 billion in 2016, India witnessed a massive trade deficit of $46 billion with China, the economic affairs secretary added.
Economists say that there was a decline in consumption in Nov and Dec as people were uncertain about spending after government announced to withdraw the legal tender character of old Rs 500 and Rs 1,000 notes.