-The Hindu GST will subsume almost all cesses levied at the moment One of the key sticking points thwarting consensus in the Goods and Services Council over the course of its meetings in 2016 was the compensation the Centre would have to pay States for any losses they might incur due to the implementation of the new indirect tax regime. What was the issue? The GST is a destination-based tax, and as such is...
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Slabs are still numerous
-The Telegraph New Delhi: The goods and services tax (GST) regime has replaced a cascade of 11 central and state taxes with a concertina of eight tax rates, defeating the original idea of having a three-slab tax structure. The current GST structure on goods ranges from zero to around 40 per cent. If jute, silk and muri (puffed rice) fall in the exempted category, luxury Cars and SUVs fall in the top...
More »GST rates announced; milk, cereals to be exempted -Yuthika Bhargava
-The Hindu 81% items to be taxed at below 18% The Goods and Services (GST) Council on Thursday agreed on the fitment of almost all commodities in the various tax slabs under the new indirect regime to be rolled out on July 1. Milk, cereals (unpackaged and unbranded), and jaggery will be exempt from any GST, while sugar, tea, coffee (except instant), and edible oil will be taxed at 5%. Common use items...
More »Gurugram's air worse than Delhi's most polluted areas -Jayashree Nandi
-The Times of India When cycling enthusiast Amit Bhatt moved to Gurugram from Delhi some eight years back, he was counting on clean air and clear roads. But eight years later, Bhatt, the head of urban transport at World Resources Institute (WRI), has had to seriously cut down on cycling. That's because over the years the air in Gurugram has become so foul it's now quite unbreathable. TOI did an analysis of...
More »Tricks of a trade -Divya Trivedi
-Frontline Cattle traders see a nexus between cow vigilantes and animal rights organisations in Delhi, where vigilantes unleashed violence in April. In the past year, 40,000 animals seized by them were not returned to the owners, and traders believe that they were sold. A PLANNED and brutal assault on cattle traders in Kalkaji in Delhi on April 22 by a mob of gau rakshaks (cow protectors) has brought to the fore...
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