Monday, 20 November, 2017

Rajya Sabha passes all four GST Bills

Union Finance Minister Arun Jaitley Union Finance Minister Arun Jaitley
Mae Harvey | 07 April, 2017, 02:43

The four bills passed today - the Central GST bill, the Integrated GST bill, the Union Territories GST bill and the compensation law - have already been cleared by the Lok Sabha, where the government has a big majority, last week.

The Rajya Sabha Wednesday took up the four bills related to the GST, with the Opposition questioning the government's preparedness to implement the indirect tax regime and urging for a mechanism to insulate taxpayers from harassment by tax authorities.

GST will subsume a host of indirect taxes levied by the Centre and states, including excise duty, VAT, service tax, entry, luxury and entertainment levies.

"We can of course ask the Council to reconsider its suggestion". "The present status quo will continue", he said. Today, constitutionally, petroleum products are under GST, but will be zero rated.

Ramesh said he was not moving this amendment at all in keeping with the spirit of consensus, to maintain the federal framework and to give respect to the GST council.

"I have no hesitation in conceding that it is not a bill for which one government, one person or any individual should take a credit". We have not felt the need of altering the arrangement. He said, besides making any information public, will have penal consequences. The final approval to the remaining four rules will be given in Srinagar on May 18-19 when the council meets.

In the current GSTN structure, the Centre and the states together hold 49 per cent stake and the rest is owned by private banks and financial institutions.

Lee, Beauvillier lead Islanders to 2-1 win over Devils
Jason Chimera started the rush after grabbing a rebound in the Islanders end and charging the other way. "It's no secret. Still, their hard task will be even more challenging if they have to carry on without their captain and best player.

Jammu-Srinagar highway closed for 2nd consecutive day
Incessant rains caused water bodies in Srinagar to swell, buildings to submerge and traffic to crawl on water logged roads. In view of inclement weather conditions, the schools will remain close in mountainous Doda district of Jammu and Kashmir.

European Central Bank's Draghi says stimulus still needed
That guidance states that rates won't rise until "well past the horizon of [the ECB's] net asset purchases". That puts inflation back below the ECB's target of just under 2%.

One more piece of legislation, the State GST Bill, will have to be passed by the legislative assemblies of States and Union Territories with legislature.

He expressed his unhappiness over the GST having been brought in the Rajya Sabha as a Finance Bill, saying that the government should not have treated it as a Finance Bill.

"It is a consensus bill, so I am very happy", Dr Singh told NDTV after the bills were passed, adding, "It will have some pitfalls but we learn as we go along".

Earlier, participating in the discussions, Congress leader Kapil Sibal said, the GST is not an ideal law.

Regarding audit by the CAG, he said the apex auditor draws powers from the Constitution and can scrutinise whether the respective departments are working according to the norms.

Without the support of the Congress, which is the largest party in the Rajya Sabha, amendments moved by other Opposition parties like the Trinamool Congress and the Left were voted down.

Recommended

  • Mel B: 'My husband brutally beat me'

    Mel B: 'My husband brutally beat me'

    On Monday Belafonte, 41, was told to leave their Los Angeles home and keep away from his wife of ten years and her three children. However, speaking to TMZ's photographers on Monday, Belafonte denied all the claims, saying, "I'm shocked at those allegations".
    Amazon Cash service launched for those fearful of online fraud

    Amazon Cash service launched for those fearful of online fraud

    With Amazon Cash , people print out an Amazon-generated barcode that can be scanned at local participating retail stores (i.e. Amazon says that daily limits may apply when adding cash to your account, but that those restrictions will vary by retailer.

    Conte "may be the best" - Guardiola

    On a tactical note, look for Jesus Navas to play right-back once again as Bacary Sagna will be sidelined due to injury. In the remaining nine games, Chelsea only face five opposing sides who now reside in the top half of the league table.
  • Duterte fires Cabinet member over alleged wrongdoing

    Duterte fires Cabinet member over alleged wrongdoing

    Leni Robredo in the May polls, is rumored to take over the DILG after the one-year appointment ban on defeated candidates. Sueno is the second major Cabinet official to be dismissed due to allegations of corruption.
    Shane Warne says good start key for Ben Stokes in IPL

    Shane Warne says good start key for Ben Stokes in IPL

    Rising Pune Supergiant begin their IPL 2017 with a seven wicket win over Mumbai Indians in Maharashtra derby on Thursday in Pune. It will also have in stadia branding, premium hospitality and match tickets, and access to the Rising Pune Supergiant players.
    Constellation Brands Cheers Solid Q4 Earnings

    Constellation Brands Cheers Solid Q4 Earnings

    Analysts had expected the Corona maker's fiscal FY17 adjusted EPS to come in at $6.65 on revenues of $7.3 billion. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink .
  • Compal to make Apple Watch, report says

    Compal to make Apple Watch, report says

    While the company refused to comment, Digitimes noted that it has recently relocated equipment for smart device production. The third-generation Apple Watch is expected to be much improved over the Apple Watch Series 2.
    Roland founder, digital music pioneer Kakehashi dies at 87

    Roland founder, digital music pioneer Kakehashi dies at 87

    Kakehashi retired from Roland in 2013, leaving behind him a company with factories across the world and more than 2,500 employees. Drawn to engineering from a young age, he built his own shortwave radios while in high school during World War II.
    High-flying Hoffenheim deals Bayern its 2nd Bundesliga loss

    High-flying Hoffenheim deals Bayern its 2nd Bundesliga loss

    With time running out, Lewandowski forced Hoffenheim goalkeeper Oliver Baumann into a superb diving save as they hunted the equaliser.
  • Math film 'Gifted' is less than the sum of its parts

    He also said that talking to her is like "a form of art" and believes that "there's nothing to not love about her". When she found out Chris Evans had feelings for her, she somehow thought it was a prank.

    Obama aide says intel not used to spy on Trump advisers

    Flynn was sacked after it became clear that he misled Vice President Mike Pence and others about the content of those discussions. Cohen-Watnick raised his findings about Rice with the White House counsel's office, according to the official.
    Diego Simeone Happy With Theo Hernandez Amid Real Madrid Links

    Diego Simeone Happy With Theo Hernandez Amid Real Madrid Links

    According to sports platform Marca , Real Madrid has already made an arrangement with the left-back for the next six seasons. The 19-year-old is expected to return to his parent club this summer and fight for his place in the starting team.

Russian Foreign Ministry poked fun at hacker scandal Russian Foreign Ministry poked fun at hacker scandal The Russian Foreign Ministry actually posted an April Fools' joke making fun of its alleged involvement in the 2016 USA presidential election.

Kristaps Porzingis (back) will not play for the Knicks on Tuesday Kristaps Porzingis (back) will not play for the Knicks on Tuesday For Dan Devine of Yahoo Sports , it seems that Carmelo Anthony has a good idea of his future with the Knicks . "I had joy. Kristaps Porzingis made significant strides this year and is undoubtedly one of the bright young stars in the league.

The 5 Biggest Problems for Presidents Trump and Xi to Tackle Also referred to as secondary boycotts, secondary sanctions would penalize a third country that does business with North Korea . Trump made a number of extravagant and contradictory statements about China, as well as his future policy in this direction.

Workaholics' Adam Devine to Host MTV's First-Ever Movie & TV Awards Workaholics' Adam Devine to Host MTV's First-Ever Movie & TV Awards Now, after a quarter century of giving out its Golden Popcorn bucket to the best of movies, MTV will celebrate TV too. But to mark the ceremony's 25th anniversary, MTV revamped it to include TV shows as well.

White House officials offer change to health care bill Paul appeared quite optimistic after spending the day golfing with President Trump and White House budget chief Mick Mulvaney. The senator visited members of the conservative House Freedom Caucus to help shore up opposition to the bill.

WWE release Simon Gotch: Vaudevillains star pledges to reveal truth WWE release Simon Gotch: Vaudevillains star pledges to reveal truth Still, there were reports that Gotch had a problem with speaking out , and "Gotch's mouth sometimes gets people mad at him". From here, they continued to be buried and have done nothing since.

Florida Bill would eliminate end-of-year exams for some students Florida Bill would eliminate end-of-year exams for some students Both the House and Senate will have to agree on the same bill before it goes to the Governor Rick Scott's desk for approval. The Seminole Tribe will also be allowed to offer craps and roulette at its casinos.

NY lawmakers poised to pass budget NY lawmakers poised to pass budget Passage of the bills avoided a government shutdown and permitted 150,000 state workers to get their paychecks as usual this week. Senate Minority Leader Andrea Stewart-Cousins, D-Yonkers, said this year's budget process has been "extremely dysfunctional".

Police Cracking Down on Distracted Driving in Groton Police Cracking Down on Distracted Driving in Groton Texting and driving requires motorists to take their eyes off the road, hands off the wheel, and mind off the task of driving. Lawmakers agree that distracted driving continues to be a growing problem among California's motorists.

Hyundai Kona is calling for a Hawaiian holiday Hyundai Kona is calling for a Hawaiian holiday The Kona will be the fourth SUV in the Korean auto maker's model line-up after the Grand Sante Fe, Santa Fe and the Tucson. The Kona will be based on Hyundai's i30 , which could make the vehicle slightly larger than the Mazda2-based Mazda CX-3.

Louis CK excoriates Donald Trump in 'Late Show' appearance Louis CK excoriates Donald Trump in 'Late Show' appearance The Emmy victor broke down the food chain of liars, beginning with someone who got caught in a lie and ending up at the president. The comedian told Stephen Colbert exactly what he thinks about Donald Trump in a Late Show interview last night.

Kim Kardashian Is Considering Surrogacy for a Third Child Later on, she confided to her sisters, saying, "After everything I went through, the surgery wasn't successful and didn't do anything.

North Korea may have tested new technology in latest missile In an interview with the Financial Times last weekend, Trump held out the possibility of using trade as a lever to secure Chinese cooperation.

Ferguson's federal consent decree among those AG Sessions wants to review Ferguson's federal consent decree among those AG Sessions wants to review On Tuesday, city officials told the judge in a court filing that they oppose a 90-day extension to the hearing. Further delays only serve to erode the trust of the public in this process.

Samsung Tizen has 40 zero-day vulnerabilities, researcher warns Samsung Tizen has 40 zero-day vulnerabilities, researcher warns Many developers use alternative functions entirely in order to avoid these risks, but Tizen developers are "using it everywhere". What's even more interesting is that numerous security flaws are described as mistakes programmers were making twenty years ago.