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Govt slashes GST on 178 items from 28 to 18pc

Govt slashes GST on 178 items from 28 to 18pc

Guwahati, Nov 10 (UNI) In a major relief to traders and consumers, the Goods and Services Tax (GST) Council has slashed tax on 178 items from 28 per cent to 18 percent whereas it slashed tax rate of 2 items from 28 to 18 per cent.

Announcing the decision of the Council after its 23rd meeting in Guwahati, Finance Minister Arun Jaitley said that the Council decided to withdraw Input Tax Credit (ITC) for all Restaurant and has applied 5 per cent of tax on all type of restaurants.

The revised GST rates will apply under composition scheme except those restaurants who are under starred hotels.

Mr Jaitley said that that the council also slashed rates on 13 items from 18 per cent to 12 percent; on 6 items from 12 to 5 per cent and on 6 items from 5 per cent to nil.

He said that as far as rate revision is concerned, Council reviewed the rates for 228 items and reduced the rates for 213 items including some luxury items, auto parts, aircraft components, detergents, marble flooring, toiletries etc.

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Iran oil: Top US officials meet Foreign Secy, Fin Ministry officials

Iran oil: Top US officials meet Foreign Secy, Fin Ministry officials

17 Jul 2018 | 10:57 PM

New Delhi, July 17 (UNI) A high-level US delegation on Tuesday met Foreign Secretary Vijay Gokhale
and other senior officials from the Ministries of External Affairs and Finance separately on the vexed
US move for sanctions over Iran oil import issue.

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RS chairman concerned over declining public confidence in Parl, seeks cooperation of all

RS chairman concerned over declining public confidence in Parl, seeks cooperation of all

17 Jul 2018 | 10:39 PM

New Delhi, July 17 (UNI) Expressing serious concern over declining confidence of the people in the Parliament, the Vice President and the Chairman, Rajya Sabha, M Venkaiah Naidu on Tuesday sought
cooperation of all parties for a productive monsoon session.

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HRD forms ‘fact finding committee’ to look into allegations against Manipal Univ VC

17 Jul 2018 | 10:33 PM

New Delhi, July 17 (UNI) A three-member ‘fact finding committee’ has been formed to look into the multiple allegations of administrative and financial irregularities against Manipal University vice-chancellor Adya Prasad Pandey, stated the order issued by Ministry of Human Resource and Development on Tuesday.

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'Identities and names of Army, BSF personnel abused to get gun licences in J&K'

'Identities and names of Army, BSF personnel abused to get gun licences in J&K'

17 Jul 2018 | 10:14 PM

New Delhi/Srinagar, July 17 (UNI) In a major breakthrough, Rajasthan Anti Terrorist Squad has unearthed a scam wherein a large number of people allegedly 'identifying' themselves as Navy, Air Force and CRPF and other security force personnel got the gun licences from Jammu and Kashmir.

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Kejriwal takes jibe at attackers of Swami Agnivesh, call them ‘goons’

Kejriwal takes jibe at attackers of Swami Agnivesh, call them ‘goons’

17 Jul 2018 | 9:53 PM

New Delhi, July 17 (UNI) Delhi Chief Minister Arvind Kejriwal on Tuesday took a dig at the attackers of social activist Swami Agnivesh in Jharkhand and called them ‘goons’.

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