GST crosses last hurdle; Bill gets passed in Rajya Sabha

There will be cap rate of 40 per cent, Jaitley said.

Jaitley added that the government was still looking at July 1 as the roll out date for the new indirect tax regime. He said, the work on fixing rates has started and GST council will take final decision next month.

He also questioned whether the "delivery" would be effective under the new regime since adequate infrastructure is not in place.

He said the small businessmen who commit offences in their business dealings should be given relaxation in the first year of the GST implementation.

Union Finance Minister Arun Jaitley said in the Rajya Sabha that he is not hesitant to admit that the GST Bill is not one for which one person or one government should take credit. "The beedi industry does not need any more concessions but heavy sanctions", he said about the "cottage industry".

Mel B Claims Husband Brutally Abused Her And Got Their Nanny Pregnant
Mel says he would "often secretly record the encounters" and threaten to release the sex tapes if she refused to participate. The restraining order forces Belafonte to keep away from the family and he has to leave their home in Hollywood Hills.

He pressed for constructive cooperation between the Centre and the states in resolving outstanding issues. "Therefore, as the GST experiment succeeds, hopefully, one-day petroleum will come into it", he said.

Now food articles are not taxed and those will continue to be zero rated under the GST. The Congress' top leadership discussed the issue at length and decided not to press or move any amendments in the four GST enabling bills.

It would depend on the government, Tharoor said, hoping that the NDA would not be using its "brute majority" to push legislations.

"The moment we set this practice, we can forget GST.Let us not unilaterally upset the federal arrangement. The management structure created has to face penal consequences if any information is leaked", he said.

The Centre owns 24.5 per cent stake in GSTN, state governments own another 24.5 per cent, while the HDFC, NSE Strategic Investment Corporation, HDFC Bank and ICICI Bank own 10 per cent each.

Germany approves bill curbing online hate crime, fake news
German Chancellor Angela Merkel attends a cabinet meeting April 5, 2017, in Berlin to discuss social media legislation. The bill is a response to the onslaught of fake news that emerged during the United States 2016 presidential election.

Life Insurance Corporation Finance holds an 11 percent stake in the GSTN, according to the Registrar of Companies filings, obtained by IANS from business research platform Tofler.

Both houses of parliament saw fewer adjournments than the last few sessions, and more constructive debate.

The GST Bills will now require the President's approval.

He said the GSTN has been designed in such a manner that it can not be audited by CAG and RTI too does not apply to it. While it had introduced the bills as money bills, which meant that the Upper House could not shoot them down, any amendment would have led to some sort of embarrassment for it.

Interestingly, Congress MP Jairam Ramesh didn't move any amendments on GST bill saying he was advised against it by former PM Manmohan Singh.

San Diego soccer group wants development plan on ballot
The new stadium would have near Busch Stadium, home of baseball's Cardinals, and the Scottrade Center, home of the NHL's Blues. The league will announce its 25th and 26th franchises by the end of 2017, with the pair of teams joining the league in 2020.

Related news:

Hot News

isis-killer-beheading-video-story-top Corona maker Constellation's quarterly revenue rises 5.5 pct
Apr 07, 2017 - 02:33
It has underperformed by 10.98% the S&P500.The move comes after 6 months positive chart setup for the $34.11B company. Since January 13, 2017, it had 1 buy, and 0 sales for $111,766 activity. 4,397,116 shares of the stock traded hands.

isis-killer-beheading-video-story-top Misbah announces retirement from Test cricket
Apr 07, 2017 - 02:32
The Afghanistan Cricket Board (ACB) said the conclusion of the agreement for West Indies series is a major achievement. To a question, Misbah said he had not yet planned whether he would be joining the cricket board in future.

isis-killer-beheading-video-story-top Kim Kardashian West thinks surrogacy is her 'only' option
Apr 07, 2017 - 02:29
In the most recent episode of Keeping Up With the Kardashians , Kardashian broke the news to her close friend Jonathan Cheban. Kim revealed that Kanye was very nervous during her surgery, but she knew that he was looking forward to have more kids.

Former White House NSA denies using Govt. secrets for political objective
Apr 06, 2017 - 02:54
We know that the Obama administration, the Democratic Party, was favoring Hillary Clinton through the primary process. The Democrats argue that we can not have a president who has colluded with the Russian government for personal gain.

isis-killer-beheading-video-story-top Alana surprised at Mama June's new look
Apr 06, 2017 - 02:48
Thankfully, WE TV cameras have captured Mama June's transformation for the overnight hit, Mama June: From Not to Hot. She is with her trainer Kenya Crooks and daughters Alana "Honey boo Boo" Thompson and Lauryn " Pumpkin " Shannon.

isis-killer-beheading-video-story-top Says it signed new $3B deal with Iranian airline
Apr 06, 2017 - 02:46
Officials of United States and Iran meet in connection with nuclear negotiations that eased sanctions on Iran . From 1995 to 2014, the USA sacrificed between $203.1 and $271.8 billion in potential export revenues to Iran .

isis-killer-beheading-video-story-top Israeli opposition delays poll over clash with Britney concert
Apr 06, 2017 - 02:45
However, the party will have to wait one more day, until July 4, to find out who will win the election. It is her first tour outside the US since 2011.

Eight Advertisers Have Now Pulled Out
Apr 06, 2017 - 02:44
Roginsky's lawsuit against Ailes argues that promise from the Murdoch family, which controls the company, has rung hollow. Follow Marie Claire on Facebook for the latest celeb news, beauty tips, fascinating reads, livestream video, and more .

Donald Trump signs repeal of broadband privacy rules
Apr 05, 2017 - 02:46
Some of the Congress is also of the opinion that the ISP's will sell personal data to the highest bidder. Senate voted 50-48 two weeks to eliminate the rules , and the U.S.

isis-killer-beheading-video-story-top Trump again blames House Freedom Caucus for failure of health care bill
Apr 05, 2017 - 02:25
It was four days ago that Ryan abruptly canceled that vote on the GOP bill annulling much of President Barack Obama's 2010 law. Speaker Paul Ryan decided against a House showdown on the bill because he didn't have the 216 votes needed for passage.

isis-killer-beheading-video-story-top Moto G5 smartphone launched in India
Apr 05, 2017 - 02:24
To avoid further performance degrade, Motorola has combined the chipset with 4GB of RAM (available only in 64GB storage variant). The company is offering cashback up to Rs 1000 for Amazon Prime members using Pay balance.

isis-killer-beheading-video-story-top AOL plus Yahoo to equal new Oath after Verizon sale
Apr 05, 2017 - 02:14
Although the Yahoo-Verizon deal is expected to be made final this summer, it could be made official as soon as this month. A spokesperson at AOL told Business Insider that Oath would be launched in the summer as a new disruptive company.

isis-killer-beheading-video-story-top Equal Pay Day Report Reveals Earning Challenges For Women In Tech
Apr 05, 2017 - 02:14
A coalition of Democratic lawmakers is pushing for legislation they say will help close the wage gap between men and women in CT . The pay gap means women lose around $10,470 in median earnings a year, according to a March report from the NWLC.

isis-killer-beheading-video-story-top Stock under Consideration: General Motors Company (NYSE:GM)
Apr 05, 2017 - 02:07
If you are viewing this piece on another site, it was copied illegally and republished in violation of US & global copyright law. Caldwell predicts this year's sales will drop to 17.2 million, still strong but down from last year's record of 17.55 million.

Staley proud to be 2nd African-American coach to win title
Apr 04, 2017 - 04:56
Mississippi State plays SC today for the championship of women's Division I college basketball and no, that is not a typo. She had 18 points and 10 rebounds while fellow junior guard Kaela Davis also reached double figures with 10 points.