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One of the most reputed economist and policymaker, Vijay Kelkar, offered the fifth C.D. Deshmukh lecture organised by National Council of Applied Economic Research. Kelkar, while speaking upon Reflections on the Art and Science of policy making, introduced a case for the promotion of competition driven market economy in India.
Yesterday, Revenue Secretary Hasmukh Adhia suggested the proposed Goods and Services Tax (GST) as a merger to subsume all cesses except those on petroleum.
The Healthcare Federation of India (NATHEALTH) has suggested a 5% GST rate on the healthcare supply chain like medical equipment supply to hospitals. Presuming that the GST rate on the sale of diagnostic services by the hospitals to the patients will likely to be kept exempted from the indirect taxes.
While exhibiting the Union Budget 2017-18 in the Lok Sabha, Finance Minister Arun Jaitley Today said the government is ready for implementation of the Goods and Services Tax (GST) and will start reaching out to the industry very shortly by April 1 to spread awareness about the GST regime.
Speaking at a state-level tax advisory committee meeting for the preparation of the state budget, Rajasthan chief minister Vasundhara Raje on Tuesday said Goods and Services Tax (GST) will simplify the tax structure and boost the revenue model of the state. Holding the discussions with representatives of the industry bodies, tax experts and briefed suggestions for the state budget.
Today tax officers will observe the Monday as a ‘black day’ and protest against the decision taken by GST council. The protest will show their dissatisfaction with the decision.
The GST has called up the biscuit industry to look through the higher possibilities emerging for taxation hike. As the Rs. 36,000-crore Indian biscuit industry demanded finish waiver of Good and Services Tax (GST) on Low Price-High Nutrition (LPHN) biscuits valued under a most extreme retail cost of ?100 a kg.
An ASSOCHAM-TechSci Research paper stated that the medicinal services division taking into account the neglected needs of the general public ought to be kept out of the domain of the Goods and Services Tax (GST) or else restorative care would get to be distinctly costly and unreasonably expensive for the regular people.
A fleet of members from the association of Indian Revenue Service will be raising an issue in front of the apex body of GST and center for the rights which this offers inherit naturally. The association has confirmed a meeting with the union minister Arun Jaitley and other ministries to resolve their issues and some natural challenge that these officials will try to force and implement within the GST council.
