Bring petroleum, real estate under GST ambit: Congress

Manufacturers Under Composition Scheme To Pay 1% GST

Congress, meanwhile, has reiterated its demand of bringing petro products and real estate under the ambit of GST.

"How will the states survive when there won't be any compensation after 5 years", Punjab finance minister Manpreet Badal said a day ahead of the GST Council meet. The Council also plans to roll out e-way bill.

He said the country had lost the opportunity to usher in a one-tax regime because of the "faulty" implementation of GST that had also led to "chaos and negativity" among traders. The Modi Government is profiteering at the expense of common man.

Congress president Rahul Gandhi had made a similar demand on October 6 previous year when in a series of tweets he urged the government to bring petroleum products under the GST regime to prevent excessive profiteering from the common man. "Even these numbers do not capture the full impact of transitional credits that will be available for the next few months as the last date of filing of the relevant returns was almost the end of December", he said. "Frequent revisions in filing dates have completely shattered the faith in the sanctity of the GST reform", he said.

United Kingdom to deploy Chinook helicopters to help France tackle Islamists in Africa
Up to 7,000 men, women and children lived in the Jungle in Calais before the site was cleared in 2016. The deal isn't quite stitched up but the Bayeux Tapestry looks like it is coming to Britain .

This time for real: House approves tax overhaul bill
SNELL: Yeah, so this is where things get a little bit more complicated. "There is real economic anxiety in America", Ryan said. Trump blamed Democrats for opposing the GOP's year-end spending plans, suggesting a government shutdown is a possibility.

Cuomo's Approval Rating Up After Federal Tax Fight Vow
He said he wants to restructure the state's taxes to reduce the federal increases - without hurting the state's bottom line. The law caps a deduction for state and local taxes, meaning many people in high-tax states like NY will see tax increases.

As for the e-way bill system, he said the government was rolling it out on February 1 without any preparedness on the application programming interface (API) that will help taxpayers to align their software.

I'm told that the number of changes now being proposed in the law itself are so enormous that it clearly reflect that GST was brought in a hurry without understanding the peculiarities of India. "GDP has fallen, revenues have shown an alarming fall, inflation is rising and there is near furore relating to complexities in compliances", he said.

'Petrol and diesel prices are skyrocketing. Bringing petroleum prices under GST will provide relief to the consumers, he said. Sources have said that the Council may also deliberate on whether or not real estate should be brought under the ambit of the taxation scheme.

Related:

  • Becton Dickinson and Co (BDX) Position Reduced by Orrstown Financial Services Inc

    RBC Capital Markets maintained the shares of MTDR in report on Wednesday, December 20 with "Buy" rating. Since August 9, 2017, it had 0 insider buys, and 9 selling transactions for $15.96 million activity.
    Neymar hits four, Cavani matches record as PSG crush Dijon

    Neymar hits four, Cavani matches record as PSG crush Dijon

    Just to rub salt into the wound, Neymar buried a penalty past Reynet in the 83rd minute. PSG sits at the top of the table with 53 points and 17 wins.
    Cyril Ramaphosa vows to unite ANC after rise to leadership

    Cyril Ramaphosa vows to unite ANC after rise to leadership

    He has sat on the boards of mining conglomerates and served as the director of huge companies, including South African Breweries. But Msingo and many others like him in Soweto are adamant that Ramaphosa's election spells the end of Zuma's controversial era.
  • AbbVie Inc (NYSE:ABBV) Position Trimmed by BB&T Corp

    Roundview Capital Llc decreased Mastercard Inc Cl A (NYSE:MA) stake by 4,995 shares to 31,560 valued at $4.46 million in 2017Q3. Analyzing recent insider trading activity at AbbVie Inc. (NYSE:ABBV) earned "Hold" rating by Deutsche Bank on Monday, July 17.
    Cubs, LHP Duensing agree to 2-year, $7M deal

    Cubs, LHP Duensing agree to 2-year, $7M deal

    It's a relatively cheap deal for a guy who registered a 2.74 ERA and 61/18 K/BB ratio over 62 1/3 innings of relief last season. Heyman also reported that Duensing had better financial offers from other clubs but opted to return to Chicago.
    Bitcoins Slide To A Month-Low. Five Things To Know

    Bitcoins Slide To A Month-Low. Five Things To Know

    There is so much demand for cryptocurrencies in South Korea that they typically trade at a 30% premium compared to other markets. Bitcoin and other digital currencies trade on private exchanges that have little regulation or protection for investors.
  • Dominant Federer makes light work of Bedene

    Dominant Federer makes light work of Bedene

    The four Grand Slam tournaments are independent of the ATP and have made substantial increases in prize money in recent years. Got used to all the different weather conditions that Melbourne presents to all of us.
    It is hard  to guess Liverpool's attack, says Wenger

    It is hard to guess Liverpool's attack, says Wenger

    Wenger's decision whether to revert to three at the back could depend on whether Shkodran Mustafi is fit to play. It is Arsenal and they have quite a talented group there and they can create chances.
    Warriors' Jordan Bell Leaves Game In Wheelchair After Scary Leg Injury

    Warriors' Jordan Bell Leaves Game In Wheelchair After Scary Leg Injury

    Though x-rays came out negative, the Warriors diagnosed Bell with a sprained left ankle and would not return to the game. He made his first career start against Chicago on November 24 and blocked six shots in the Warriors' 143-94 victory.
  • Durbin spokesman: GOP senators have 'credibility problem'

    Durbin spokesman: GOP senators have 'credibility problem'

    In Chicago on Friday, Durbin defended his telling of the meeting, telling reporters that the president's denial wasn't true . Senate Minority Leader Chuck Schumer went further, tweeting, "To impugn 's integrity is disgraceful".

    Realty Income Corporation (O) Shares Sold by Emerald Acquisition Ltd.

    Investors keeping an eye on shares of Kanaden Corporation (TSE:8081) may be examining the company's FCF or Free Cash Flow as well. The stock of Terreno Realty Corporation (NYSE:TRNO) earned "Neutral" rating by Compass Point on Thursday, November 5.
    David Warner admits England are 'setting the benchmark' in ODIs

    David Warner admits England are 'setting the benchmark' in ODIs

    Australia batsman David Warner also dismissed the issue, saying: "You've got to celebrate your wins". Warner said Australia would relish playing on the traditionally bouncy surface of the Gabba.

Comments

Latest news

Chelsea Target Roma Full-Back Emerson Palmieri as Cheaper Alternative to Alex Sandro
The 23-year-old is highly rated by those in Italy and he is already wanted by both Juventus and Liverpool. Like Alex Telles, 26, the Blues hope to complete a cheaper deal for Emerson, at around £20m.

Trump's chief of staff disowns pledge on Mexico wall
As the conversation continued, Hispanic Caucus members asked Kelly for his assessment of a bipartisan plan brokered by Sens. Lindsey Graham, R-S.C. - complicated the GOP outlook, saying he had informed leaders he will oppose the bill.

What the Technicals Say About T-Mobile US, Inc. (TMUS)
The hedge funds in our partner's database reported: 279.18 million shares, up from 278.36 million shares in 2017Q2. (NASDAQ:TMUS). Shares repurchase programs are generally an indication that the company's management believes its stock is undervalued.

Economic lessons for Narendra Modi from the Gujarat ballot box
In Dabhoi, the BJP's Kanhaiyalal Mehta got 77945 votes, 2839 votes more than his Congress rival Siddarth Patel. The BJP won a sixth term in Gujarat by emerging victorious on 99 seats, 16 less than what it had won in 2012.

Amid Rohingya crisis, Jaishankar arrives in Myanmar to discuss security cooperation
During her last visit to Myanmar in July, Lee raised concerns over the treatment of Rohingya Muslims in Rakhine state. In a statement on Wednesday, Lee said she was "puzzled and disappointed" by Myanmar's decision.

Trump in 'excellent health', gets 30/30 cognitive score
The physical, which Mr Trump completed last Friday, found the president weighs 239lbs (108kg), with " excellent " cardiac health. "It was interesting when I spoke to Dr.

Damian Green: 'Theresa May is nearly billy no mates', says political commentator
PM Theresa May said she was "extremely sad" to have asked her 61-year-old colleague, a friend from university days, to resign. I was aware that there seemed to be.an improper mixing of mentorship and sexual advance within the Conservative Party.

Amazon's Alexa heading to Australia with Echo smart speakers
Amazon's smart speaker The Echo will be on sale in New Zealand early this year, according to Amazon. The key phrase is then "Alexa, ask Airtasker to find me a cleaner".

Lighter, more refined 2019 Ram 1500 makes Detroit debut
Through this network, the EPE team will take advantage of globally connected technologies to develop light, durable EV batteries. In 2017, Ford's F-series performed strongly in North America reporting a more than 9% year on year increase in sales.

Germany calls for 'dialogue and de-escalation' in Catalonia
That could be a source of vulnerability that political opponents will likely use to argue that most Catalans oppose independence. Rajoy said the results showed a decline in support for pro-independence parties since 2010, although "not as much as we wanted".

Even Dale Earnhardt Jr. Skids And Rams Tree In Snowstorm
NBC announced Tuesday Earnhardt Jr. will make his broadcast debut as part of the network's Super Bowl and Winter Olympics coverage.

Saudi Arabia Pledges $2bn Aid To Yemen
In another part of his speech, he said: "We're ready to act brotherly even with those among the Muslims who were once openly hostile to Iran".

Britain's EU Withdrawal Bill clears the House of Commons
MPs voted in favour of the bill by 324 to 295, with the British Labour Party opposing its third reading. The vast majority of Labour MPs voted against the bill tonight.

Actress Jackée Harry On 'Sister, Sister' Reboot: 'It's Happening'
Lowry-Housley explained that work was progressing slowly as they wanted to ensure the new Sister, Sister would be "great TV". It's official - Sister, Sister is coming back ! 'It's awesome and wonderful.

Trump sets out national security strategy of 'principled realism' and global competition
In his June speech , the US President said he had been elected to represent "the citizens of Pittsburgh, not Paris". The National Defense Authorization Act for the 2018 fiscal year authorized naval visits between Taiwan and the U.S.

Other news