28th GST Council meeting in Delhi

The next GST Council meeting will be held on 4 August

The Goods and Services Tax Council has made a decision to exempt sanitary napkins from taxation, interim Union Finance Minister Piyush Goyal said on Saturday after the 28th meeting of the council in New Delhi.

Ahead of the Rakshabandhan festival, which celebrates the brother-sister bond, Rakhis have also been exempted from GST.

In terms of tax returns, Mr Sisodia said quarterly returns for traders having turnover up to Rs 5 crore has been approved by the GST Council.

The rate cut applies to footwear, small televisions, water heater, electric ironing machines, refrigerators, lithium ion batteries, hair dryers, vacuum cleaners, food appliances and ethanol, among others.

The tax on handbags, jewellery boxes, wooden boxes for paintings, glass artware, ornamental framed mirrors and handmade lamps, among other things, have been reduced to 12%.

This will be the first time when Piyush Goyal will chair the meeting of GST Council after taking charge as Fiance Minister in the absence of Arun Jaitley.There are also reports that the GST Council may consider setting up a National Appellate Tribunal in Delhi with three regional branches, so that there is no contradiction and dispute in the various pleas filed with it.

Apart from sanitary napkins and rachis, there will be no GST on stone, marble, wooden deities, sal leaves, etc. However, they will need to deposit the tax every month. The minister added that return forms would be simplified into different formats for composite dealers, business-to-business dealers and business-to-consumer dealers. The proposed amendments to the goods and services tax (GST)-related laws, simplification of GST returns, the creation of GST appellate tribunal and the revenue position of states were among the key items slated for discussion in the 28th GST Council meeting. Keeping this in mind, GST Council in October, 2017 had temporarily suspended RCM, as it was increasing compliance burden on taxpayers.

The most-awaited decision is on the single tax return filing system.

Related News:

  • Thousands evacuate pro-regime Syria towns

    Thousands evacuate pro-regime Syria towns

    The province borders Turkey to the northwest but is otherwise nearly completely surrounded by government-held territory. Residents of a third town, Ishtabrak, are also being evacuated to the coastal region of Latakia.
    Roseanne on her racist Valerie Jarrett tweet: ‘I thought she was white’

    Roseanne on her racist Valerie Jarrett tweet: ‘I thought she was white’

    Roseanne Barr is launching a new talk show, and in the first preview she's still angry about the fallout over her racist tweets . Last month, ABC announced it would in the fall debut a " Roseanne " spinoff tentatively titled " The Conners " - minus Barr .
    The orders keep flowing at the Farnborough Air Show

    The orders keep flowing at the Farnborough Air Show

    In 2015, Jet Airways had placed an order for 75 Boeing 737 Max aircraft, and had extended it by another 75 earlier this year. One of the biggest orders of the day came from Republic Airways who signed a letter of intent for up to 200 of the E-Jets.
  • Mark Wahlberg is opening a auto  dealership in Ohio

    Mark Wahlberg is opening a auto dealership in Ohio

    On Friday, the Daddy's Home 2 actor announced that he will be launching his first vehicle dealership in Columbus, Ohio. Wahlberg first surged onto the scene as a member of New Kids on the Block and Marky Mark and the Funky Bunch.
    I got inside a Tour de France team's closed-door strategy meeting

    I got inside a Tour de France team's closed-door strategy meeting

    Primoz Roglic was fourth at 2:46, and Romain Bardet was fifth at 3:07 back. However, four-time Tour victor Froome said he felt more could be done.
    Inquest opens into British woman poisoned by nerve agent

    Inquest opens into British woman poisoned by nerve agent

    Skripal, 66, and his daughter Yulia, 33, were discovered slumped on a bench in the English town of Salisbury on March 4 . They set out to determine the place, time and type of death, but do not apportion blame.
  • Surprise! Buffy is getting rebooted with Joss Whedon producing!

    Talks reportedly began in the fall of that year; THR notes that Breen's involvement pushed the project to the next stage. The reboot will be produced by the Fox 21 TV Studios of 20th Century Fox, but the program still needs a network.
    Eighth alleged victim identified in Bruce McArthur investigation

    Eighth alleged victim identified in Bruce McArthur investigation

    On July 4, investigators returned to Mallory Crescent for nine days to do excavation work in a ravine behind the house. Later that month, he was charged with the first-degree murders of Majeed Kayhan, Soroush Mahmudi, and Dean Lisowick.
    68% of Republicans approve Trump's handling of summit, poll finds

    68% of Republicans approve Trump's handling of summit, poll finds

    He mentioned London-based financier Bill Browder, a onetime investor in Russian Federation who said he exposed corruption there. Earlier Mr Trump rejected a proposal by Mr Putin that Russian Federation be allowed to question USA citizens. "OK.
  • Trump says 'not thrilled' about interest rate hikes

    So Clinton said that the Fed's independence was one of the things that actually made the US economy look strong, according to Low. The Fed has been slowly raising interest rates since December 2015 in an effort to avoid overheating the USA economy.
    Cambage rips WNBA for 'ladylike' attempts

    Cambage rips WNBA for 'ladylike' attempts

    She surpasses an old teammate, Riquna Williams who scored 51 points in a game from 2013 when she was a member of the Tulsa Shock. Cambage, a 6-foot-8 center, made 17 of 22 shots from the field - including 4 of 5 from 3-point range - and 15 of 16 free throws.
    Crowded leaderboard at midway point of British Open

    Crowded leaderboard at midway point of British Open

    But that could change if he finds a way to keep scoring as he found a way to stay dry in the second round of the British Open . It is irrelevant to me. "A lot of the shots I was looking up and I was really happy they were going straight".


Most liked

Donald Trump Caught Lying About What Happened When He Met The Queen
While another said: 'Trump claims that the Queen reviewed her Honour Guard for the first time in 70 years. She did the same thing with former president Barack Obama when he visited the United Kingdom in 2001.

Missouri: Hundreds at vigils mourn victims of Branson's duck boat accident
As for the survivors, four patients were still in the hospital Friday evening, including two adults in critical condition. The boats were originally designed for the military, specifically to transport troops and supplies in World War Two.

Will Manny Pacquiao Fight Floyd Mayweather Again?
Instead of a rematch, Mayweather (now 41) went on to fight Andre Breto and then Conor McGregor almost a year ago. "I have the belt, so it's up to him".

United Kingdom extremist convicted of plotting to kill prime minister
Naa'imur Zakariyah Rahman, 20, from Finchley in north London, meant to attack the prime minister with a knife or a gun. Mr Justice Haddon-Cave told Rahman that when he returns to court on 31 August he should expect a lengthy sentence.

Bezos' spaceship reaches new heights in escape test flight
Today's launch should be pretty routine for the space startup, but nothing is ever guaranteed when you're working with rockets. Parachutes deploy to gently land the capsule , while the rocket reignites its engine to land upright on the ground.

Vietnam convicts, deports US man who joined protest
USA lawmakers have been pushing for Nguyen's release since his detention on June 10. Nguyen can later be seen standing on the bed of a police truck as it drives off.

Great expectations as Brazil prodigy Vinicius Jr unveiled by Real Madrid
But rather than fuel any transfer talk, he stressed that ambition was one he wished to fulfil at worldwide level with Brazil. Real Madrid on Friday officially unveiled Vinícius José Paixão de Oliveira Júnior.

Glass Trailer: Willis, McAvoy & Jackson Collide in Unbreakable/Split Sequel
Night Shyamalan could execute - revealing to the audience that Split and Unbreakable exist in the same universe. While it wasn't his first film, Shyamalan's 1999 ghost story The Sixth Sense helped make him a household name.

Pompeo Urges Nations to Keep Pressuring N. Korea
The US state secretary also expressed his hope that another meeting between Putin and Trump would take place this autumn.

United States officials still in the dark on what Trump discussed with Putin
Ukraine and European powers are unlikely to support a referendum in the Donbass region, where pro-Russian separatists hold sway. Trump appeared to answer "no" to a reporter's question asking whether Russian Federation was still targeting the U.S.

Offset Arrested in Georgia for Allegedly Being in Possession of a Gun
The Migos rapper was driving outside Atlanta when his SUV was pulled over for tinted windows, according to TMZ . This, of course, is against the law, as the Migos member is a convicted felon who is now on probation.

U.S. officials still in the dark on what Trump discussed with Putin
Trump may like doing things his way, eschewing advice and precedent like no president before, but he never likes being alone. The White House later clarified that the president was saying "no" to answering more questions.

76ers sign Aussie rookie Jonah Bolden to four-year deal
He used the National Basketball Association out clause in his contract to join the Sixers this season. The Sixers used the 37th overall pick on him in the second round of the 2015 draft.

Samantha Markle CONFIRMS she's going on Celebrity Big Brother
Typically, members of the royal family stay away from political discourse and so the Senator quickly deleted her tweet. She asks for thousands of dollars to be on the show. "There's a reason that Prince Charles calls her tungsten".

Dean Saunders expects Liverpool to compete for Premier League title
Liverpool have been dogged in their pursuit of the player following the conclusion of the World Cup. That is undeniably true, and fans will soon see just how good their latest signing can be.