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.

 
 

 
 

Source :

 
 
 

Related Topics

 
 
 

Trending News & Articles

 Article
Forgotten Hero's Series: Khashaba Dadasaheb Jadhav Indian Olympic medalist who never got a Padma Award

Khashaba Dadasaheb Jadhav (Marathi: श्री. खाशाबा दादासाहेब जाधव, January 15, 1926 – August 14, 1984) was an Indian athlete. He is best known as a wrestler who...

Recently posted . 6K views . 60 min read
 

 Article
Remembering VP Sathyan, India's forgotten 'Captain'

There's a scene in the movie 'Captain', a freshly-minted Malayalam biopic on former India defender VP Sathyan, which tries to capture the conflict rag...

Recently posted . 2K views . 1 min read
 

 Article
Virat Kohli Has A Special Message For India U-17 Football Team Ahead Of The World Cup

These are exciting times for Indian football. India is set to host a FIFA World Cup and participate in it for the first time. The under-17 World Cup begins ...

Recently posted . 2K views . 2 min read
 

 Article
Not Virat Kohli, THIS player is the fittest cricketer in the Indian cricket team

Virat Kohli is one of the fittest players in Indian cricket team but he is not the fittest of all.

Recently posted . 2K views . 0 min read
 

 
 

More in National

 Article
Teams Touring India Will Play Practice Games Against Afghanistan: BCCI

Kabul: All international teams touring India will now play one practice game against Afghanistan, an arrangement which will constantly provide in...

Recently posted. 549 views . 1 min read
 

 Article
After Asia Cup defeat, Bangladesh fans hack Virat Kohli's website

India vs Bangladesh Asia Cup 2018 final: Bangladesh fans cried foul over Liton Das's stumping in the Asia Cup 2018 final and hacked Virat Kohli's website in...

Recently posted. 580 views . 1 min read
 

 Article
IPL or PSL? BCCI considered giving foreign players a choice between two leagues - Report

In the wake of the Pulwama terror attack, the cricketing ties between India and Pakistan continue to take a hit with the Wolrd Cup clash between the two countries...

Recently posted. 672 views . 1 min read
 

 Video
Michael Jordan Was Too Short for Adidas



Recently posted . 807 views
 

 Photo
Top 10 Best Cricket Bats In The World



Recently posted . 2K views
 

 Photo
The Best Soccer Players in the World



Recently posted . 1K views
 

 Article
Here's Saina Nehwal and Parupalli Kashyap's first look at their wedding reception in Hyderabad - See pics

Ace shuttlers Saina Nehwal and Parupalli Kashyap are hosting a wedding reception in Hyderabad.  

Recently posted. 844 views . 0 min read
 

 Article
How MS Dhoni’s unique punishment ensured Indian players do not turn up late for practice, team meetings

Anil Kumble suggested a fine of Rs 10,000 for latecomers, and Dhoni, in his own quirky way, added a different twist to the punishment.

Recently posted. 493 views . 0 min read
 

 
 
 

   Prashnavali

  Thought of the Day

“सच्चा प्रयास कभी निष्फल नहीं होता”
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