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GST Council increases cess on cigarettes, govt set to get extra Rs 5000 cr

GST Council increases cess on cigarettes, govt set to get extra Rs 5000 cr

New Delhi, Jul 17 (UNI) The Goods and Services Tax (GST) Council today raised the cess on cigarettes over the peak rate of 28 per cent, as the effect on their prices was lower under the new taxation regime, than earlier. The fixed cess has been hiked between Rs 485 and 792 per thousand sticks and the specific cess on the basis of the length of cigarettes will be effective from midnight today. After the meeting of the Council through video conferencing, Finance Minister Arun Jaitley said the increase will give the government Rs 5,000 crore more in revenue, which would be used for compensating states. But, he said the consumer prices would not change as the increased tax incidence would only take away the windfall profits the manufacturers were earning. According to Mr Jaitley, as per the Council decision today, the peak GST rate of 28 per cent and ad valorem cess of 5 per cent would remain in place. Mr Jaitley said, “It was noted in the first 15 days of the GST implementation that when the rate on cigarettes was translated, the cascading effect of taxes was not factored in. We noted that cigarette companies were getting windfall profit from reduction in cigarette prices.” Mr Jaitley said the case of non-increase of cess of Rs 5,000 crore additional tax revenue would have gone to the manufacturers. The GST Council had fixed 28 per cent as the top rate for cigarettes in May 2017. A five per cent ad valorem cess was levied on top of it and Rs 1,591 per thousand sticks as fixed cess on both filter and non-filter cigarettes of not exceeding 65 mm length. The cess rate varied from Rs 2,126 to Rs 4,170 for cigarettes of different lengths. But, this rate was lower than the pre-GST tax incidence and the choice before manufacturers was either to pass on the lower taxes to consumers by way of cutting rates or pocketing the windfall. The Minister said the GST Council will meet in the first week of August to review the progress of the implementation of GST, which was rolled out on July 1. UNI ADP RJ SHK 2214

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Rohingyas are illegal migrants, any sovereign nation free to take action against illegal migrants: Rajnath

Rohingyas are illegal migrants, any sovereign nation free to take action against illegal migrants: Rajnath

New Delhi, Sep 21 (UNI) Amid concern expressed by human rights activists on the deportation of Rohingyas, Home Minister Rajnath Singh today said Rohingyas are illegal migrants and that any sovereign nation is free to take action against illegal migrants.

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21 Sep 2017 | 8:25 PM
Cong suggests Rane's resignation linked to  BJP's accusation of his links with Dawood

Cong suggests Rane's resignation linked to BJP's accusation of his links with Dawood

New Delhi, Sept 21 (UNI) Reacting to senior leader Narayan Rane's resignation from the party, the Congress today suggested that it could be linked to BJP's accusation that the leader has connections with the underworld don Dawood Ibrahim.

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22 Sep 2017 | 12:06 AM
Pak violates truce agreement on IB, fires 82 mm mortars

Pak violates truce agreement on IB, fires 82 mm mortars

Jammu, Sept 21 (UNI) Pakistan yet again violated the ceasefire agreement by firing heavily on forward BSF posts and villages in Arnia sector along international border here.

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21 Sep 2017 | 9:21 PM
Kuldeep Yadav's hat-trick earned India emphatic 50-run win after Virat Kohli's 92-run knock

Kuldeep Yadav's hat-trick earned India emphatic 50-run win after Virat Kohli's 92-run knock

Kolkata, Sep 21 (UNI) Young Kuldeep Yadav spun Australia's middle order batting line at Eden Gardens with his first hat-trick in ODI as he guided India to an emphatic 50-run win in 2nd One Day International play making it 2-0 in 5-match series after his skipper Virat Kohli contributed 92 runs in total score of 252 in 50-over day-night match here today.

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21 Sep 2017 | 11:26 PM
India won by 50 runs against Australia

India won by 50 runs against Australia

Kolkata, Sep 21 (UNI) Following is the final scoreboard of second One Day International (ODI) cricket match between India and Australia at Eden Gardens here today.

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21 Sep 2017 | 11:13 PM
'Narmada Andalon' will continue till settlement of displaced families: Medha Patkar

'Narmada Andalon' will continue till settlement of displaced families: Medha Patkar

New Delhi, Sept 21 (UNI) Social activist Medha Patkar today said the dedication of Narmada dam to the nation by Prime Minister Narendra Modi on his birthday on September 17 does not end the 'Narmada Bachao Andalon'.

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21 Sep 2017 | 10:26 PM
Odisha cabinet approves the  restructuring  of OAS, OTES, OSTES and OFS

Odisha cabinet approves the restructuring of OAS, OTES, OSTES and OFS

Bhubaneswar, Sep 21 (UNI) Odisha state Cabinet today decided to restructure the cadres of Odisha Administrative Service (OAS), Odisha Transport Engineering Service (OTES), Odisha Sub-Ordinate Transport Engineering Service (OSTES).

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21 Sep 2017 | 9:55 PM
Kuldeep Yadav's hat-trick earned India emphatic 50-run win after Virat Kohli's 92-run knock

Kuldeep Yadav's hat-trick earned India emphatic 50-run win after Virat Kohli's 92-run knock

21 Sep 2017 | 11:26 PM

Kolkata, Sep 21 (UNI) Young Kuldeep Yadav spun Australia's middle order batting line at Eden Gardens with his first hat-trick in ODI as he guided India to an emphatic 50-run win in 2nd One Day International play making it 2-0 in 5-match series after his skipper Virat Kohli contributed 92 runs in total score of 252 in 50-over day-night match here today.

Ujjivan Small Finance Bank commences operations in Gujarat

21 Sep 2017 | 10:19 PM

Ahmedabad, Sept 21 (UNI) Ujjivan Small Finance Bank Limited, a wholly owned subsidiary of Ujjivan Financial Services today announced the commencement of its banking operations in Gujarat with with the launch of two branches in Ahmedabad.

Ultrasonography:New and larger scope

Ultrasonography:New and larger scope

20 Sep 2017 | 4:14 PM

Kolkata, Sep 20 (UNI) Can ultrasonography be used for peripheral nerve blocks? A Kolkata-based private specialty hospital recently organised a one-day workshop on "Ultrasound Guided Regional Anaesthesia" to familiarise budding anaesthesiologists and practitioners with the use of ultrasound and how to perform the various procedures.

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