Connect with us

News

Six items removed from 28 pc GST tax slab

Agencies

Published

on

IST


New Delhi, Dec 22: Union Finance Minister Arun Jaitley on Saturday announced that GST rates on six out of 34 items have been slashed from the top 28 per cent slab.

After the 31st Goods Services Tax (GST) Council meeting in the national capital, Jaitley said rationalisation is an ongoing process. “28 per cent bracket is gradually moving to sunset… The next target will be rate rationalisation in cement as and when affordability improves,” he said.

Among the items that have been brought down from the 28 per cent slab to 18 per cent include monitors and television screens up to 32 inches, re-treading tyres, power banks of Lithium-ion batteries, pulleys, transmission shafts and cranks, gearboxes, digital cameras and video camera recorders, video game consoles and other games and sports requisites. However, GST rates have not been reduced on cement and automobile parts.

 

GST rate on third party insurance premium of goods carrying vehicles have been reduced from 18 per cent to 12 per cent. Services supplied by banks to Basic Saving Bank Deposit (BSBD) account holders under PradhanMantri Jan DhanYojana (PMJDY) have been exempted.

Jaitley said GST rates on movie tickets costing up to Rs 100 have been slashed to 12 per cent from 18 per cent while tickets over Rs 100 will attract 18 per cent GST as against 28 per cent earlier.

New GST return filing system will come into effect from July 1, 2019, said Jaitley. Overall, the GST Council has cut the rates on 23 goods and services and it will have a revenue impact of Rs 5,500 crore, he added. The Council has agreed to set up a Centralised Advance Ruling Authority.

No premium tax on special flights for religious pilgrimages will be levied. Air travel for religious pilgrimages by non-scheduled/chartered operations under bilateral arrangements will attract the same rate of GST as applicable to Economy class, which is 5 per cent with ITC of input services.

Solar power plants and other renewable energy items, accessories for carriages for specially abled persons have been brought down to 5 per cent.

The latest development comes days after Prime Minister Narendra Modi said his government will ensure that only 0.5 or 1 per cent of the total 1,200-odd items under GST remains in the peak 28 per cent slab. This will essentially comprise luxury items such as big cars, aircraft and demerit goods such as cigarettes.


Comments

News

ASI among three cops injured in Rajbagh grenade blast

Published

on

Srinagar, Jan 17: Assistant Sub-Inspector (ASI) of police and two traffic cop were injured in a grenade blast near Zero Bridge in Rajbagh area of Srinagar city in Central Kashmir on Thursday afternoon.
Reports said that suspected militants lobbed a grenade on police party near Zero Bridge in Rajbagh.
In the blast, three policemen including an ASI of police and two traffic policemen sustained splinter injuries and were evacuated to SMHS hospital for treatment.
The injured has been identified as Iqbal Singh (ASI of JKAP 14 Bn) and traffic policemen Haris Manzoor (SPO) and Sanullah (Head Constable).
While ASI Iqbal has sustained splinter injuries to both of his legs, Haris suffered an injury to the back side of his neck and Sanullah suffered injuries in his right leg.
SSP Srinagar Imtiaz Ismail Parray confirmed the attack and subsequent injuries to the ASI and two traffic cops.
Soon after the attack, the government forces cordoned off the area and launched a hunt to nab the attackers.
Security forces have launched a massive search operation in Rajbagh and adjoining areas near Zero Bridge after three police personnel including assistant sub-inspector were injured in a grenade attack by the terrorists on Thursday.
Homes and hotels in the area were searched frisking was also carried out. It was the first major terrorist attack in the Srinagar city this year. The injured cops are undergoing treatment at the hospital.
Meanwhile Jaish-e-Mohammad (JeM) has claimed responsibly of the grenade attack on the forces’ party at Raj Bagh area of Srinagar.
A JeM spokesperson Muhammad Hassan in a statement claimed that two forces personnel were killed and 6 critically injured in the attack.
An ASI of police and two traffic cops were injured in a grenade blast near Zero Bridge, Raj Bagh in Thursday afternoon.

Continue Reading

News

2018 has been remarkable year for forces: Army commander

Global News Service

Published

on

Srinagar, Jan 17: A top army commander on Thursday described 2018 as “remarkable year” for government forces, saying that more than 250 militants were killed, 54 others were arrested and four others surrendered in Kashmir Valley.
“The year 2018 has been a remarkable year for armed forces on the security front. As per the record of last ten years, army along with other forces have neutralized many militants. Many militants have surrendered under pressure and many others were arrested alive,” said Lt Gen Ranbir Singh, GoC-in-C Northern Command told reporters after inaugurating Kalai Bridge constructed by Border Roads Organization.
“More than 250 militants were killed, 54 others arrested and four others have surrendered,” he said, adding, “This speaks about the strength of our security establishment,” the officer said.
He said that the army was giving “befitting reply” to Pakistan army along the Line of Control whenever there were instances of any ceasefire violation or snipping.
“As per wireless and other intercepts, Pakistan army and militants suffered a huge loss in our retaliatory action.”
The Kalai Bridge spans over Suran River and connects Kalai area to Chandak area in Poonch district. During the inaugural function, the Army Commander addressed the gathering of Army, GREF and local residents and said that the Kalai bridge is an important milestone towards enhancing the road communication in the area.
“The bridge is an important strategic asset as it enhances the movement of military equipment and troops in a faster time frame,” he said. The Indian Army and BRO have been working towards infrastructure development in the remote and far-flung areas and improving the road connectivity, he said.
“The bridge will reduce traffic congestion in the city and ease out inconvenience caused to the people specially those moving towards Budha Amarnath Shrine in Mandi as it reduces the travelling time considerably.”
The Army Commander appreciated the contribution of the District Administration for their support and cooperation during the construction of the bridge.

 

Beg to differ: Omar Abdullah

 

Srinagar, Jan 17: Former Jammu and Kashmir chief minister and National Conference (NC) vice-president Omar Abdullah on Thursday lashed out at the Northern Command Chief Lt General Ranbir Singh, on his “great year for security forces” remark.
Taking to Twitter, Abdullah wrote, the compulsion of killing militants/terrorists shouldn’t be treated as a cause for celebration.
“I beg to differ, a great year would be one in which no young man would join militancy, no terrorists would be killed & no security personnel would lose their lives in encounters. The compulsion of killing militants/terrorists shouldn’t be treated as a cause for celebration,” Abdullah wrote.
Abdullah was reacting to a statement by Gen Singh on the sidelines of the inauguration of the Kalai bridge in Poonch district. Gen Singh said 2018 had been a great year for the security forces as they had managed to kill 250 terrorists.

Continue Reading

News

Heartening to meet Kashmiri students in Bangladesh: Shahid Afridi

Agencies

Published

on

Srinagar, Jan 17: Star Pakistan cricketer Shahid Afridi on Thursday met Kashmiri students in Bangladesh and interacted with them.

Afridi said that it was heartening to see Kashmiri students in Bangladesh who are studying medicine.“Heartening meeting with some Kashmiri students who are in Bangladesh on scholarship, studying Medicine. Keep up the hard work and making your people proud!,” he tweeted.

Afridi in the past has been in controversies over Kashmiri over his support to the Kashmir cause. He has been vocal about letting the people of Kashmir decide their future.

 
Continue Reading

Subscribe to The Kashmir Monitor via Email

Enter your email address to subscribe to The Kashmir Monitor and receive notifications of new stories by email.

Join 979,866 other subscribers

Archives

January 2019
M T W T F S S
« Dec    
 123456
78910111213
14151617181920
21222324252627
28293031  
Advertisement