GST Council meet tom; to focus on digital payments

GST Council To Meet Tomorrow May Consider Reduction In GST Rates

After correction in GST rates, the key focus of the GST Council will now shift to strengthening the enforcement and compliance rules, as it suspects that most of the business-to-business transactions are being kept off the book to avoid tax.

GST Council mulls approaches to ease the burden of filing returns in order to boost compliance.

There was proposal to continue with Form 3b and simply uploading of invoices by the concerned suppliers.

However, Jaitley said while briefing the reporters that the matter though was discussed and Nandan Nilekani gave a detailed presentation on the matter. The issue is likely to be taken up at the next meeting. The Confederation of Indian Industry (CII) said till such time that the five are included in GST, C Form should be continued to avoid high tax incidence on these products. Businesses at present have to file GSTR-3B as well as GSTR-1, which is the final invoice wise sales returns.

Pope Francis Presides Over Mass in Chilean Region of Centuries-Old Conflict
The Chilean couple married in a civil ceremony in 2010 but were never formally Wednesday in the eyes of the Catholic Church. What he told us was very important: he told us "this is the sacrament that the world needs, the sacrament of marriage".

"The revenue deficit is not of our making as it resulted from the State's reorganisation", said Yanamala Ramakrishnudu, Andhra Pradesh Finance Minister.

Also, the supply of services for providing information under RTI Act, legal services provided to government, local authority, governmental authority and government entity and transportation of goods from India to outside by air and sea are not exempted from GST. With petroleum, real estate still outside, the GST juggernaut still remains imperfect or deformed. Rate of diamonds and other precious stones has been reduced from 3% to 0.25%.

Households can now take a huge sigh of relief as the council cut the tax rate on domestic LPG sold by private companies to 5 per cent from 18 per cent.

Vibhuti Parts and accessories for manufacture of hearing aids, De-oiled rice bran. However, out of these, finance ministry has also made clarification on certain services.

Jaguars coach Doug Marrone expected to be underdogs vs. Patriots
ET Sunday at Gillette Stadium, where the heavily favored Patriots will be playing in their seventh straight AFC Championship Game. They've won the title in two of the last three years, giving Tom Brady and Bill Belichick five rings with New England .

The government may announce a slew of tax incentives in the upcoming budget and we may also get to understand the impact of GST over the last eight months. In good news for housing societies, the GST Council has chose to enhance the exemption limit of Rs 5,000 per month per member to Rs 7,500 in respect of services that are provided by resident welfare associations to their members against their individual contribution. In many cases like works contract services or used motor vehicles the reduction of rate might have been due to restriction of input credit.

A whole lot of farming related items including fertilizer grade Phosphoric acid, bio-pesticides, drip irrigation system, mechanical sprayers will attract a lower GST rate of 12 per cent, instead of 18 per cent.

Other "experiences", like theme and water park tickets, go-carting and merry-go-rounds and ballet tickets had their tax rates cut from 28 percent to 18 percent.

Google Chromecast devices are messing with WiFi connections
It appears as though some of Google's hardware and software, including Google Home , are causing network disconnections. However, there's now a confirmed issue with multiple routers where Google's devices are the cause of temporary outages.

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