GST will help in lowering inflation, propelling GDP: Jaitley

Goods and Services Tax – GST – Dated:- 1-7-2017 – New Delhi, Jun 30 (PTI) Finance Minister Arun Jaitley today said rollout of the GST will ease inflation, make tax avoidance difficult and boost GDP growth. Addressing the midnight launch event of the GST in the Central Hall of Parliament, Jaitley said the implementation of the landmark unified tax should be seen as the beginning of a new journey that will expand the country's economic horizon. He further said that 17 transaction taxes in states and centre and 23 cesses would be subsumed in GST. An assessee will have to file only one return. Inflation will come down, tax avoidance will be difficult, India's GDP will be benefited and extra resources will be used for welfare of poor an

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

her the states nor Centre gave up their sovereignty. They have pooled their sovereignty to make joint decisions in indirect taxation, the finance minister said. In a large and complex federal system of multi-party democracy with Centre and 29 states and 2 UTs, Jaitley said India has implemented a constitutional amendment and brought in a large tax reform. We have done this at a time when world is facing a slow growth, isolationism and lack of structural reforms. With the GST, India has showed that these forces can be overcome through display of inclusion, openness and boldness, he said. He appreciated the efforts of all members of parliament, state finance ministers and officials in making GST a reality when many had expressed doubts whethe

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

2202 90 90

Goods and Services Tax – Tender coconut water 8[other than those put up in unit container and,- (a) bearing a registered brand name; or (b) bearing a brand name on which an actionable claim or enforceable right in a court of law is available [other than those where any actionable claim or enforceable right in respect of such brand name has been foregone voluntarily, subject to the conditions as in the ANNEXURE I]] ************* Notes: As amended vide notification no. 28/2017 dated 22-9-2017, before it was read as, "Tender coconut water other than put up in unit container and bearing a registered brand name." ANNEXURE I For foregoing an actionable claim or enf

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

2301, 2302, 2308, 2309

Goods and Services Tax – Aquatic feed including shrimp feed and prawn feed, poultry feed & cattle feed, including grass, hay & straw, supplement & husk of pulses, concentrates & additives, wheat bran & de-oiled cake [other than rice-bran] ************* Notes: As amended vide notification no. 7/2018 dated 25-1-2018, before it was read as: Aquatic feed including shrimp feed and prawn feed, poultry feed & cattle fee

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

2106

2106 – Goods and Services Tax – Prasadam supplied by religious places like temples, mosques, churches, gurudwaras, dargahs, etc. – Goods and Services Tax – Schedules

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

2201

2201 – Goods and Services Tax – Water [other than aerated, mineral, purified, distilled, medicinal, ionic, battery, de-mineralized and water sold in sealed container] – Goods and Services Tax – Schedules

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

1214

1214 – Goods and Services Tax – Swedes, mangolds, fodder roots, hay, lucerne (alfalfa), clover, sainfoin, forage kale, lupines, vetches and similar forage products, whether or not in the form of pellets. – Goods and Services Tax – Schedules

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

1904

1904 – Goods and Services Tax – Puffed rice, commonly known as Muri, flattened or beaten rice, commonly known as Chira, parched rice, commonly known as khoi, parched paddy or rice coated with sugar or

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

1211

1211 – Goods and Services Tax – Plants and parts of plants (including seeds and fruits), of a kind used primarily in perfumery, in pharmacy or for insecticidal, fungicidal or similar purpose, fresh or chilled. – Goods and Services Tax – Schedules

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

1213

1213 – Goods and Services Tax – Cereal straw and husks, unprepared, whether or not chopped, ground, pressed or in the form of pellets – Goods and Services Tax – Schedules

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =