Former finance minister Arun Jaitley breathed his last on August 24, 2019. He was 66. Jaitley had been undergoing treatment at the AIIMS for several weeks. In the Vajpayee government (1998–2004), he held the cabinet portfolios of Finance, Corporate Affairs, Commerce and Industry and Law and Justice. Since 1991, he has been a member of the national executive of BJP and became the spokesperson of the saffron party during the period preceding the 1999 Lok Sabha election. From 2009 to 2014 he served as the Leader of the Opposition in the Rajya Sabha. He is also a senior advocate in the Supreme Court. Since 1987, he has been practicing law before the Supreme Court of India and several High Courts in the country. Early life: In 1973, Arun Jaitley graduated with a honours degree in commerce, BCom from Shri Ram College of Commerce, New Delhi. In 1977, he passed his LLB degree from the Faculty of Law, University of Delhi. At the Delhi University, Jaitley was an Akhil Bharatiya Vidyarthi Parishad (ABVP) student leader and in 1974, rose to be the President of the Students Union of Delhi University. He was under preventive detention for a period of 19 months during the period of proclamation of Internal Emergency (1975–77). After getting out of jail, he joined the Jan Sangh.
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The deadline for filing the initial returns in GSTR-3B for September under the Goods and Services Tax regime was October 20 midnight.
According to media reports, a proposal to fix the GST rate at a flat 12 per cent on all restaurants will be presented before the Council when it meets on November 9 and 10 in Guwahati.
Rex Tillerson remarks assume significance as it comes close on the heels of President Donald Trump’s proposed Asia visit in November which will take him to Japan, South Korea, China, Vietnam and the Philippines.
Arun Jaitley also said the highest priority for the government is to create new jobs as millions of young people enter the workforce every year.
India carried out key structural reforms like demonetisation and the GST at the right time and it will serve the country well in the days to come, Finance Minister Arun Jaitley today said.
Union Finance Minister Arun Jaitley also expressed hope that this can be done as part of the 15th General Review of Quotas (GRQ).
The AAP leaders in December 2015 had levelled charges of corruption against Jaitley in connection with alleged financial irregularities in the Delhi and District Cricket Association (DDCA).
Finance Minister Arun Jaitley has said the Indian government is working on a plan to rebuild the capacity of the banking sector.
Jaitley said that some of these steps like the demonetisation, the GST can have a transient impact on manufacturing for a quarter or so. But in the long run, these are institutional reforms and structural changes.
Arun Jaitley has said the series of reforms undertaken by the Modi government like demonetisation and the GST has put the Indian economy on a stronger track.
FM Arun Jaitley is on a week-long visit to the US to attend the annual meetings of the International Monetary Fund and World Bank.
He made the remarks while refuting the impression that transformational initiatives like 'Swachh Bharat', GST and demonetisation have not resulted in any changes on the ground
Finance Minister Arun Jaitley said Modi government’s initiatives like Swachh Bharat, Goods and Services Tax (GST) and demonetisation are having desired impact.
The changes were made three months after rollout of the new indirect tax regime.
Arun Jaitley made the announcements after a day-long 22nd meeting of the GST Council that took note of the difficulties faced by various businesses.
The GST Council, headed by FM Arun Jaitley, also allowed traders with turnover less than Rs 1.5 crore to file return quarterly.
The Rs 1 crore threshold in the Composition Scheme has been approved also by the GST Council members, sources said here on the sidelines of its ongoing meeting.
GST Council raised the threshold limit for Composition Scheme to Rs 1 cr from the current Rs 75 lakh to ease tax filing for small traders. Under the Composition Scheme, traders have to pay a fixed tax rate between 1-5%.
The 22nd meeting of the Council comes on the back of promises made by PM Narendra Modi to remove glitches in the GST.
The all powerful GST Council in its meeting today is likely to provide some relief to exporters in terms of faster refunds as well as compliance
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