Odisha produces 1,30,000 tonne of pulses and relies heavily on imports to meet the domestic demand
CBEC asked its field offices to launch an awareness campaign and outreach programmes
CBEC officials have already been deputed to the GST Network, the IT backbone of the new indirect tax regime
From industry perspective, consumption related companies are expected to grow
It will be unfortunate if the GST regime comes with low rates and derails the fiscal consolidation reform agenda
Punjab govt has initiated the process of appointing consultant to help it successfully implement the new tax regime
GST is scheduled to be implemented across the country from April 1, 2017
A four-slab structure of 6%, 12%, 18% and 26%with a cess on the highest band for ultra luxury and demerit items like tobacco was discussed
Nov 22 has been set as deadline for building consensus on all issues for rollout of GST from April 1, 2017
UP projected to gain handsomely under new tax regime
One of the the biggest tax reforms since Independence, GST will create a national market for goods and services
Lowest rate proposed is 6%; peak rate, which will mostly apply to FMCG and consumer durables, will be 26%
He said he hoped better counsel would prevail which would reduce the number of rates to three or so
The other option could have been to raise direct taxes, which did not find favour with the Centre
The two important issues are - the Multi Rate Structure and Compensation Payable Through Cess
The former PM opined that the spirit of GST and the principles of federalism should go hand in hand without any violation or favouritism
At least 52.6% of males and 25.3% females in Assam are found to use tobacco in some form or the other
Centre is likely to press its proposal for 4-tier tax structure of 8, 12, 18 and 26%
Council, chaired by Arun Jaitley, is meeting for the fourth time to thrash out vexed issues of rates and dual control
Food grains are likely to be exempted from the GST, and tobacco products may be taxed at 40%, said Haseeb Drabu