25
Sunday
February 2018
1:24 PM IST
News Headlines
Home   | Main News   | Kerala  | National   | International  | Business   | Sports   | Entertainment   | Columns   | Offbeat   | About Deepika 
Kerala News
GST rates reduced on household items, deadline for filing GSTR 1 extended to October 10
 
(Hyderabad, Sep 09, 2017):In a major relief to the common man as promised, Finance Minister Arun Jaitley on Saturday announced that the Goods and Service Tax Council (GST) reduced tax levied on several household items. The GST council also extended the deadline for filing GSTR 1 for July to October 10. The Finance Minister Jaitley also announced there would be no change in tax for small cars, 13-seater vehicles and hybrid cars. “There will be no additional burden on small car buyers,” Jaitley said after the 21st meeting of the GST Council here. While the total tax in midsize cars will increase from 43% to 45% and large cars will be raised to 48% from 43%. On SUVs, total tax would now be 50% instead of 43%. The GST council also reduced taxes on dried tamarind, dhoop agarbatti, raincoats, custard powder, rubber bands.

Apart from this , tax on idly and dosa batter is also reduced. Khadi fabric sold only through KVIC stores will be tax-exempted, said the finance minister. The Council also amended the framework for branded packaged food products. The finance minister said that the overall GST collection has been robust so far with more than 70% of the having filed their return. “Figure of approx Rs.95.000 cr (tax collection) for July. Some spill over of VAT collection of June paid in July will also be added. We reviewed the functioning of GST Network which on 2 or 3 occasions got overloaded. These are transient challenges and has been rectified,” Jaitley said.

The GST council has also decided to form an inter-ministerial committee to continuously interact with GST Network to ensure smooth transformation. The Center on September 4 extended the deadline for filing GSTR 1 for July to September 10 after the GST portal stopped working. Deadlines for filing GSTR 2 and GSTR 3 were also subsequently extended to September 25 and September 30, respectively.


Veerendra Kumar condemns lynching of Madhu
Centre seeks report on lynching of tribal man
Madhu's postmortem report out
Madhu's death: Latest developments in a nutshell
Shuhaib murder: 5 more land in police net
Death of tribal youth: Crucial statement out
Mani's LDF entry: It's an opportunity for us, says CPI(M) leaders
CPI(M) lost poor people's support: Report
Binoy and Bineesh face fresh allegations
Tribal youth's death: 2 taken into custody
Suicide attempt at Kottayam Collectorate
Shuhaib murder: LDF govt open to CBI investigation
Bridegroom arrested in rape case one day before marriage
Kattakkada acid attack: Spurned lover arrested
Yechury at CPI(M) state conference: Key highlights here
Love-jihad: Want to remain Muslim, stay with husband, says Hadiya
'S Durga' cleared by CBFC without any cuts
Man jumps before lion at Thiruvananthapuram zoo
UDF members boycott peace meet at Kannur
FIR against Priya: Supreme Court stays proceedings
ENTERTAINMENT NEWS
My job doesn't allow me to do so, says Salman
 (Mumbai, Feb 24, 2018): Salman Khan says it was not an easy journey to stardom for him, cour  
Held 'secret meet' with Rajini before political plunge: Kamal
Amitabh Bachchan starts following Cong leaders on Twitter, triggers speculation
Watch Teaser: Manju as Lalettan fan in 'Mohanlal' movie
INTERNATIONAL NEWS
US schools need 'offensive capability': Trump
 (Washington, Feb 24, 2018): President Donald Trump has reiterated the idea of arming teachers
Three bombs hit capital of Myanmar's Rakhine state
Trump announces 'heaviest ever' sanctions on North Korea
Suicide bomber in Kabul kills one, injures six
NATIONAL NEWS
3 killed in road accidents in Amethi
 (Amethi (UP), Feb 24, 2018): Three people were killed and seven injured in separate road acci
Seven SC judges to retire in 2018
EC orders repolling in six booths in Tripura, CPI(M) fumes
Jaitley slams regulators, auditors for PNB fraud
Untitled Page
Rashtra Deepika LTD
Copyright @ 2017 , Rashtra Deepika Ltd.