According to Divyesh Lapsiwala, Tax Partner, EY India: "Rate reduction for 200 plus goods and services may be suggestive of the fact that there is good buoyancy in tax collections, promoting a rate rationalisation".
He also said the Council had been looking at the 28 percent tax slab and constantly rationalising items in it in lesser tax slabs. The GST Council is also expected to offer more relief to small and medium enterprises due to compliance burden.
The rate of GST in case of eight items have been reduced to five per cent from existing 12 % and in case of six items it has been reduced to nil from existing six per cent. It has proposed a uniform tax rate of 12 per cent. At present, while manufacturers pay GST at 2 per cent, the rate for restaurants is 5 per cent. Traders now pay 1 per cent. Currently, GST is levied at 12 per cent on non-AC restaurants, while it is 18 per cent for air-conditioned ones.
Sheep recognize faces of celebrities
In follow-up experiments, the authors of the new study had the sheep once again chose between images of celebrities or strangers. When a portrait of the handler was interspersed randomly, the sheep chose them seven out of 10 times.
The panel also recommended lowering tax rates for manufacturers and restaurants under the composition scheme to 1 per cent. All these got input tax credit, a facility to set off tax paid on inputs with final tax.
Under (GST) regime implemented from July, over 1,200 products and services have been fitted into one of the 5, 12, 18 and 28 per cent tax slabs based on the principle of keeping the total tax incidence at nearly the same level as previously as well as keeping revenue collections neutral.
The Congress on Friday lashed out at Prime Minister Narendra Modi stating that the entire Goods and Services Tax (GST) architecture and design was "defective".
The rates are a four-year rolling average, so athletes who began in 2007 through 2010 are included in the current numbers. Under the calculation, institutions are not penalized for outgoing students who leave in good academic standing.
Rene Albert Boucher, 59, is accused of tackling Paul and was charged with fourth-degree assault, according to court documents. It was a very regrettable dispute between two neighbors over a matter that most people would regard as trivial".
Bennett played with New England last season, winning the Super Bowl over the Atlanta Falcons in a historic comeback. Bennett practiced on Tuesday after the bye last week before going on the injury report with a shoulder injury.
Yet no legal or medical standards exist for identifying overtired drivers on the road the same way we target drunk drivers'. Not only does it affect your ability to drive, sleep deprivation has also been linked to diabetes, obesity and depression.
As the very small number incrementation shows you, it's not a big feature update , only a bug fixing release. The new Apple Pay improvements are also expected in the upcoming Apple Watch update watchOS 4.2.
Victory Fund says Jenkins is the first openly transgender woman ever elected to the city council of a major USA city. "Wow", Jenkins said , greeting supporters and family members at her election night party at Curran's Restaurant.
Magic Leap , which has been quietly working on its own augmented reality hardware, is thought to be targeting consumers instead. That new operating system, internally called "rOS" for "reality operating system", is based on iOS.
Uber plans to make vertical take-off and landing vehicles, which will allow their flying cars to take off and land vertically. Customers could hail a flying taxi much in the same way they would with an Uber auto : via smartphone.
It's apparently teaming with micro-channels filled with "healing chemistries", and can detect where cracks in the material appear. While promising, the car's design does present certain challenges which could take years for Lamborghini to overcome.
Rockies 3B Arenado grabs 5th consecutive Gold Glove
Four years ago, Rawlings added a sabermetric component that comprises about 25 percent of the selection total. Gordon's five awards are the second most in franchise history, behind Frank White's eight (1977-82, '86-87).