-The Times of India NEW DELHI: With half the state legislatures expected to ratify the Constitution amendment bill to roll out goods and services tax (GST) by early September, the Centre is now moving to the next stage — deciding on the contentious issue of fixing the rates — so that the ambitious reform initiative is in place by April. Sources said the finance ministry is set to hold consultations on the...
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GST: Tax rate likely to be higher than 18%
-The Hindu The decision will be taken by GST Council, comprising Union and State Finance Ministers: Adhia. A day after the Bill to amend the Constitution was approved by the Rajya Sabha, paving the way for the Goods and Services tax (GST), the Centre seemed to concede that the rate at which the new indirect tax will be levied on most goods is likely to be higher than 18 per cent. While the...
More »Pizzas in Kerala get a 14.5% ‘fat tax’ topping -C Maya
-The Hindu State Budget takes aim at ‘junk food’ sold in branded outlets to promote healthy eating. THIRUVANANTHAPURAM: Kerala announced a 14.5 per cent “fat tax” on pizzas, burgers, sandwiches and tacos sold through branded outlets on Friday, in sync with the World Health Organization’s advocacy of using fiscal tools to promote healthy eating. Finance Minister T.M. Thomas Isaac might have upset some youth with his move, but doctors and several parents are...
More »Pulses hit Rs 200/kg: Govt curbs cartels and futures trade, raises buffer
-PTI New Delhi: As pulses continued to soar to touch up to Rs 200 per kg, intelligence agencies were on Thursday asked to crack down on cartels, while futures trade was curbed to check speculation and buffer stock was hiked over 5-times to 8 lakh tonnes to boost supply in a multi-pronged approach. Efforts were also beefed up to sell larger quantities of pulses at highly-subsidised rates through government agencies and outlets,...
More »No more flyovers, congestion tax to beat Delhi traffic: Government panel -Dipak Kumar Dash
-The Times of India NEW DELHI: A high-powered government appointed panel on "Decongestion of Traffic in Delhi" has recommended disincentivizing use of private vehicles through deterrent parking pricing and congestion tax. It has also recommended no more huge investment in building flyovers and signal-free corridors. The panel has recommended Rs 20,000 crore interventions through BRTS, buses, walking and cycling infrastructure. Headed by urban development secretary Rajiv Gauba, the committee has noted that 21...
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