Banks in India|Bank Jobs|Bank Recruitment|Banking News,Information & Articles|Banking in India|Bank Loan|Bank Employment|Bank Interest Rate-BankingOnly.com
      Recent News :
jQuery treeView
Banking Articles
  View Articles
  Submit Articles
 
Banking News
  View News
  Submit News
Bankers Profile
  Search Bankers Profile
  Submit Profile
 
Govt Policy and Schemes::

Rationalisation of GST slabs depend on revenue collection: Meghwal

By: GK GUPTA,      Update:13 Aug 2017
Rationalisation of tax slabs under the newly-introduced goods and services tax (GST) would depend on the rise in revenue collection in the days to come, MoS for finance and corporate affairs Arjun Ram Meghwal said on Saturday.

Presently, there are five tax slabs including exempted category at zero, five, 12, 18 and 28 per cent. Meghwal said, while in pre-GST time only 8 million dealers were registered, another 1.3 million had been added after its introduction, of which 56,000 were from West Bengal only, the highest among the country. He said that GST Network (GSTN), would be further improved. "Registered dealers may be facing some teething problems. But the system is perfect," he said.

The dealers would also have to maintain computerised records with regards to input tax credit and reverse charge mechanism, Meghwal said at a seminar here. He said, all these were required to eliminate the shadow economy. Regarding tax incentives in areas like the Northeast, HP and Uttarakhand after introduction of GST, Meghwal said it would be decided by the GST Council.

Meghwal said that the government had introduced GST after consulting all the states and not on the basis of the majority.

Had there been an opposition from a single state, the government would not have introduced it.

Click to Submit your Expression of Interest (EOI) for Membership for booking of flats under DDA Land Pooling Policy Society flat in L-Zone Dwarka( New Delhi) @ Rs.29 lacs
 
Back
 

0 Comments

 

0 More Comments

 
 
 
 
 
Comment
   
Your Name :
Email :
Comment :
 
click for new code
Security Code :
 
   
 
Apply Here For
Space Required for ATM and Bank Branch
Apply: Dwarka L-Zone, New Delhi Bankers Flat Membership EOI
 Related Articles
In other words, bringing in new investors and diluting the control of the existing promoter cannot b (29 Aug 2017)
 
Rationalisation of GST slabs depend on revenue collection: Meghwal (13 Aug 2017)
 
Pradhan Mantri Suraksha Bima Yojana( PMSBY) : Details of Scheme (13 May 2015)
 
 
Pradhan Mantri Jeevan Jyoti Bima Yojana(PMJJBY): Details of Scheme (13 May 2015)
 
Atal Pension Yojana (APY) - Details of the Scheme (12 May 2015)
 
SubScribe