Tuesday, Jan 22 2019 | Time 18:01 Hrs(IST)
  • Oppn parties in UP demands ballot paper voting during LS polls after London press conference
  • Projects worth Rs 1,11,000 lakh crores to be initiated before March end: CM Rupani
  • CM tables Budget for the year 2019-20 worth Rs 85,429 crore
  • 'Opportunities have been missed': Abdullah Abdullah
  • As Amit Shah kicks off Bengal campaign: 'Is saffron party mad', asks TMC
  • Youth hit by stone allegedly pelted by CRPF jawan in Srinagar, hospitalised
  • Punjab govt takes charge of 20,000 km long link road
  • Youth sent to seven-day police custody for murdering gay partner
  • " BJP politically scared " : Derek
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  • " BJP politically scared " : Derek
  • Reliance Nippon Life Asset Management Q3 net down by 14 80 pc
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Increase in limit for GST exemption in Assam

Guwahati, Oct 3 (UNI) The Assam Assembly today approved increasing the limit of annual
turnover for compulsory registration for small traders as well as raising the cap for those
eligible for filing composite tax under the GST regime.
As per the changes approved through the Assam Goods and Services Tax (Amendment)
Bill, 2018, passed by the House today, the annual turnover for compulsory GST registration
has been increased to Rs 20 lakh from current Rs 10 lakh.
Finance Minister Dr Himanta Biswa Sharma said the change in the slab would greatly
benefit the small traders in the state.
He pointed that besides Assam, Meghalaya and Nagaland had got the approval from the
GST Council in its last meeting for increasing the cap to Rs 20 lakh, though the North
Eastern states were originally put together in the Rs 10 lakh cap bracket as the turnover
of most businesses was within the latter limit and pushing up the cap to Rs 20 lakh would
deprive the state government of substantial revenue.
The other major amendment passed in the Assembly increased the turnover limit from
Rs 75 lakh to Rs 1.5 crore for businesses to be eligible for filing 1% composite tax under
the GST regime.
Further, for entrepreneurs with a turnover of up to Rs 1.5, the composite tax has been
fixed at 2 per cent.
Dr Sharma said both these changes in the limit were earlier proposed by the Opposition
members of the House and the state government had got the necessary clearance from
the GST council for implementing the same.
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CM tables Budget for the year 2019-20 worth Rs 85,429 crore

22 Jan 2019 | 5:57 PM

Ranchi, Jan 22 (UNI) Jharkhand Chief Minister Raghubar Das who also holds the finance portfolio today tabled in the assembly annual budget for the state for the year 2019-20 worth Rs 85,429 crore.

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Omar, Mehbooba again spar on twitter

Omar, Mehbooba again spar on twitter

22 Jan 2019 | 5:56 PM

Srinagar, Jan 22 (UNI) Peoples Democratic Party (PDP) president Mehbooba Mufti and National Conference (NC) Vice-President Omar Abdullah once again entered into an argument on Twitter after the latter alleged that former J&K chief minister Mufti Mohammad Syed used to bring people in police vehicles to attend Republic and Independence Day celebrations to show how much the situation was “improving”.

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Punjab CM to raise with Centre gradual FCI withdrawal from state food procurement process

22 Jan 2019 | 5:51 PM

Chandigarh, Jan 22 (UNI) Expressing concern over the Food Corporation of India’s gradual withdrawal from procurement of foodgrains in the state, Punjab Chief Minister Captain Amarinder Singh has decided to raise the issue with the Centre and seek increase in the central agency’s procurement share.

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Rashtriya Kavi Sammelan to honour 'valour and words' on R-Day

22 Jan 2019 | 5:51 PM

Thane, Jan 22 (UNI) The 26th Rashtriya Kavi Sammelan scheduled to be held on the forthcoming Republic Day will witness a string of coveted awards being given to various eminent personalities, including Major Kaustubh Rane, who laid down his life to foil an infiltration bid near Pakistan-Occupied Kashmir last year.

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Youth hit by stone allegedly pelted by CRPF jawan in Srinagar, hospitalised

22 Jan 2019 | 5:51 PM

Srinagar, Jan 22 (UNI) A youth was injured after he was hit by a stone in the head, allegedly pelted by Central Reserve Police Force (CRPF) jawan in downtown Srinagar on Tuesday.

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