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GST Council finalises lottery, hospitality tax rates

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June 18, Sunday : In Seventeenth Goods and Service council meeting chaired by Finance Minister, Arun Jaitley the panel finalised lottery and hospitality tax rates. Besides this it also gave green chit to anti-profiterring and e-way.

In hospitality industry, rooms with tariff above Rs 7,500  will come under 28 per cent slab, while hotel rooms ranging between Rs 2,000 and Rs 7,500 will attract 18 per cent GST.

State run lotteries will come under the cap of  at 12% and state authorised lotteries will be taxed at 28 percent.

While addressing media, Jaitley ended all the speculation made over deferment of  Goods and Service tax regime from July 1st by saying, all in one tax will be implement on its scheduled date.

He said official launch of the GST is all set to take place on the midnight of June 30th and July 1st during an event.

To make hassle free payments, after the implementation of GST people would able to pay tax on a simple return in first months.

Finance Ministers belonging to different states and union territories are also attend the meeting.

Earlier, in Last meeting, the council revised the rates of 66 items out of the 133 for which representations had been received seeking change from the fitments originally made in the four-slab indirect tax structure.

The council will next meet on June 30.

Wefornews Bureau

India

Is operating ratio of Indian Railways the worst: Chidambaram

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P Chidambaram

New Delhi, April 21: Congress leader P. Chidambaram on Saturday asked if the operating ratio of Indian Railways is the worst and added that if the ratio is close to 100 per cent or has exceeded it, that indicated a “comprehensive failure of management.”

He also asked if it was true that the accounts are being “dressed” to show an Operating Ratio just a little less than 100 per cent.

“What is the Operating Ratio of Indian Railways in 2017-18? Is it the worst ratio in recent years,” Chidambaram tweeted.

“Is it correct that the true Operating Ratio has exceeded 100 per cent? Is it correct that the accounts are being ‘dressed’ to show an Operating Ratio just a little less than 100 per cent,” he asked.

“If the Operating Ratio is close to 100 per cent or has exceeded 100 per cent, that indicates a comprehensive failure of management of the Indian Railways,” Chidambaram said.

IANS

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No parole for mafia don Abu Salem to get married

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A file photo of gangster Abu Salem being taken to jail after a Mumbai court sentenced him life imprisonment in the Pradeep Jain murder case in 2015.

Mumbai, April 21: The Maharashtra government on Saturday rejected an application by incarcerated mafia don Abu Salem seeking 45 days parole for getting married, official sources said here.

Among the grounds cited by the authorities are that parole is not permitted for those accused or convicted of terror charges under the revised parole rules of the Maharashtra government in 2016, an official, who declined to be identified, told IANS.

Abu Salem, who is currently undergoing life imprisonment in Taloja Central Jail, Navi Mumbai, had applied in March to the Konkan Divisional Commissioner for parole for his second marriage with Sayed Bahar Kauser alias Heena.

The marriage was scheduled for May 5 in Mumbai and he had also provided the names and details of two of his cousins who were willing to stand guarantee for him.

He planned to stay temporarily at the Mumbai home of his prospective wife Heena during the parole duration.

In his application, Abu Salem cited how he was in jail continuously since the past more than 12 years without stepping out on parole/furlough even once.

In September 2017, Abu Salem – a close confidante of absconding mafia don Dawood Ibrahim Kaskar – was convicted and sentenced to a life sentence for his role in the March 1993 serial bomb blasts in Mumbai which killed 257 and wounded over 700 others.

IANS

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Cabinet approves restructured scheme for making local bodies self-sustainable

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Prime Minister Narendra Modi. (File Photo: IANS)

New Delhi, April 21 (IANS) The Cabinet Committee on Economic Affairs on Saturday approved a restructured Rashtriya Gram Swaraj Abhiyan (RGSA) scheme aimed at making rural local bodies self-sustainable, financially stable and more efficient.

Addressing a press conference here, Union Panchayati Raj Minister Narendra Singh Tomar said Prime Minister Narendra Modi — who chaired the CCEA meeting — will officially launch the scheme on April 24 in Madhya Pradesh’s Mandla.

The total outlay for the scheme during 2018-19 to 2021-2022 would be Rs 7,255 crore, of which 60 per cent would be borne by the Centre.

Tomar said the RGSA will help more than 2.55 lakh Panchayati Raj Institutions to develop governance capabilities to deliver on sustainable development goals through inclusive local governance, with a focus on optimum utilisation of available resources.

IANS

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