Consumer Affairs Minister Ram Vilas Paswan said that a committee has been set up to address consumer grievances on GST and helplines have been increased to 60 from 14 to address tax-related querries.
Sinha warned of an imminent threat of indiscipline among states, if they follow TN in their desire to earn more revenue. TN has levied an additional 30% entertainment tax along with the 28% GST.
Automobile major Renault India on Wednesday announced that it has reduced the prices of its vehicles by up to seven per cent to pass on the benefits of the Goods and Services Tax (GST) rates to customers.
On the issue of registration for the GST, he said about two lakh new registrations have been done since the registration reopened last week. Of these, 39,000 have already been approved.
The Finance Act 2017 banned cash transaction of Rs 2 lakh or above with effect April 1, 2017.
Subsidised LPG rates have been increased to Rs 477.46 per 14.2-kg cylinder from Rs 446.65 in Delhi after GST was implemented from July 1.
LPG has been placed in the lowest 5 per cent GST bracket, the other rates in the new indirect tax structure being 12, 18 and 28 per cent.
The Microsoft Excel-based template is part of GST Council's approach to make tax compliance highly easy and convenient for taxpayers and also reduce the time of compliance to improve ease of doing business
Under GST, the effective tax on under-construction projects has gone up to 12 per cent, which is an increase of 6.5 per cent.
Around 150 GST Seva Kendras were set up and a manual which contains complete information was also made available to help the traders, he said.
With the country's much-awaited the Goods and Services Tax (GST) reform in action, e-commerce players are optimistic that more tax benefits will come in within the new tax regime, which will be shared with the consumers.
Prime Minister Narendra Modi is addressing a gathering of trader associations, chartered accountants, various chambers of commerce and industry and business people at the Indira Gandhi Indoor Stadium here.
The GST, India's biggest tax reform since Independence, was rolled out past midnight Friday at a gala event organised in the Parliament's Central Hall.
Finance Minister Arun Jaitley countered the criticism against the 'hurried' launch of GST, saying it was a reform that had been discussed for 15 years
The NCP, a key constituent of the Congress-led UPA, broke away from the Opposition ranks, with its chief Sharad Pawar along with Praful Patel and Tariq Anwar attending the event in the Central Hall of Parliament.
Mukherjee recalled the proposal to introduce GST was first mooted in the Budget Speech for the financial year 2006-07.
Modi said GST will eliminate the compounding effects of multi-layered tax system.
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