Latest News

  • Home
  • National
  • GST Council to meet officials from 6 key sectors today to assess implementation hurdles
GST Council to meet officials from 6 key sectors today to assess implementation hurdles
Tuesday, January 3, 2017 IST
GST Council to meet officials from 6 key sectors today to assess implementation hurdles

GST Council to meet officials from 6 key sectors today to assess implementation hurdles

New Delhi: The almighty GST Council headed by the Finance Minister will meet on Tuesday the agents of six crucial sectors, including IT, telecom, saving money and protection, to survey the execution leaps under the new GST administration.

Additionally, presentation will be made by part delegates of Civil Aviation and Railways at the two-day GST Council meeting that starts here on Tuesday, sources said.

Programming affiliation Nasscom, which is additionally planned to meet the GST Council, will voice its worries over issues, for example, assess treatment of programming, furthermore put forth a defense for single enlistment under the new GST administration.

"We bolster the presentation of GST yet the usage of GST ought not entangle the business operations of IT organizations," R Chandrashekar, President of Nasscom, told PTI.

He said the product affiliation would express worries as to GST usage amid the meeting with GST Council.

Nasscom's worries relate to territories like arrangement of programming, import of administrations from related gatherings, and tax assessment rules in light of area of accepting administrations.

Expressing that the primary draft of GST law had grouped all "intangibles" as administrations subsequently guaranteeing a uniform expense rate, the overhauled law expelled the elucidation.

"This could prompt to a circumstance where programming order can be questioned even under the GST administration. Electronic downloads ought to be dealt with as administrations as the greater part hone common all inclusive," as per Nasscom's late representation to the Revenue Department.

Nasscom likewise fights that modifications in the draft GST law does not encourage offering a solitary interface for abroad/local customers in situations where substantial administration contracts are provided to various customer destinations from single or different conveyance focuses.

Additionally, the amended draft possibly makes nearby administrations conveyed abroad at client site at risk to installment of GST, trailed by a discount which squares capital and muddles the exchange, it included.

"This will hence infer that on location administrations are transported in into India, GST released, and after that traded, and the GST paid on the on location benefit then petitioned for discount - extra pointless exchanges for organizations which work in a Branch office demonstrate, and related consistence and working capital inconveniences," says Nasscom.

Nasscom is additionally of the view that the enactment ought to unmistakably accommodate incorporated enrollment of focal expenses of IGST (Integrated-GST) and CGST (focal GST), which is inside the Central Government control itself.

The GST Council in addition to other things will consider on the issue of purview of assessees in the new administration. This will be the eighth meeting of the Council since it met interestingly on September 22, 2016.

 
 
 
 
 

Related Topics

 
 
 

Trending News & Articles

 Article
Here is the full list of 827 porn websites banned by the DoT

While the Uttarakhand High Court has asked to block 857 websites, the Ministry of Electronics and IT (Meity) found 30 portals without any pornographic content. ...

Recently posted . 64K views . 1 min read
 

 Article
Class XII Boys Raped 16-Year-old in Dehradun School After Watching Porn on Phone: Police

The four boys as well as five school officials, including the director and principal, were arrested after the incident. The minors were presented before the Juvenil...

Recently posted . 9K views . 1 min read
 

 Article
Sept 27,2001 Rahul Gandhi and his girl friend Veronique,was arrested in Logan airport in Boston

Rahul was having an Italian passport and was carrying suitcase full of dollars. Some say it was about was it $2 million. Rahul and his girl friend was th...

Recently posted . 9K views . 7 min read
 

 Article
TOP 10 GYM EQUIPMENT BRANDS IN INDIA 2017

True – Tr...

Recently posted . 8K views . 83 min read
 

 
 

More in National

 Article
Do aliens exist? NASA likely to make big revelation soon

As per a press release by NASA, the team at the Kepler Space Telescope has been searching for extra-terrestrial life since 2009, and now they have found something...

Recently posted. 1K views . 1 min read
 

 Article
On Day 4 of dharna at Delhi LG's home, Arvind Kejriwal writes to PM Modi to ask him to intervene in babu strike

Delhi Chief Minister Arvind Kejriwal on Thursday wrote to Prime Minister Narendra Modi over the Lieutenant Governor's refusal to intervene in the IAS officer st...

Recently posted. 871 views . 2 min read
 

 Article
JEE Main free coaching stopped in Delhi; candidates pose tough questions for CM Arvind Kejriwal

Delhi Chief Minister Arvind Kejriwal-led Aam Aadmi Party (AAP) government started a scheme in 2016 under which it had collaborated with a private institute to pro...

Recently posted. 585 views . 1 min read
 

 Video
The Speech that Made Obama President



Recently posted . 1K views
 

 Reviews
The top players in the Indian real estate market



Recently posted . 3K views . 34 min read
 

 Article
Interest payable on rupee bonds issued abroad by Indian companies exempt from income tax

The government Monday exempted from income tax the interest payable on rupee denominated bonds issued outside India by a company or a trust to a non-resident or a...

Recently posted. 687 views . 1 min read
 

 Article
We want to link Aadhaar not because we see people as criminals, but to protect them from crime: UIDAI

Additional Solicitor General Tushar Mehta says provisions like Section 139AA of Income Tax Act, which mandates linking of Aadhaar with PAN, is an effort to "...

Recently posted. 763 views . 1 min read
 

 
 
 

   Prashnavali

  Thought of the Day

If you not face any difficulties then check your path, you might going on wrong track. And everyone knows the feeling of completing difficult task, students better fill the success while completing exam.
Anonymous

Be the first one to comment on this story

Close
Post Comment
Shibu Chandran
2 hours ago

Serving political interests in another person's illness is the lowest form of human value. A 70+ y old lady has cancer.

November 28, 2016 05:00 IST
Shibu Chandran
2 hours ago

Serving political interests in another person's illness is the lowest form of human value. A 70+ y old lady has cancer.

November 28, 2016 05:00 IST
Shibu Chandran
2 hours ago

Serving political interests in another person's illness is the lowest form of human value. A 70+ y old lady has cancer.

November 28, 2016 05:00 IST
Shibu Chandran
2 hours ago

Serving political interests in another person's illness is the lowest form of human value. A 70+ y old lady has cancer.

November 28, 2016 05:00 IST


ads
Back To Top