Narendra Modi govt ropes in Amitabh Bachhan to promote GST

Builders urge govt for abatement of land value in GST to avoid rise in home prices

Jaitley said companies will be allowed to file late returns for the first two months so that they can adapt to a new online filing system.

With less than two weeks left for its implementation, Narendra Modi government on Monday roped in Bollywood megastar Amitabh Bachchan to promote Goods and Services Tax (GST).

As per the revised return filing timeline decided by the Council, for July, the sale returns will have to be filed by September 5 instead of August 10.

Briefing reporters here during a pause in the Council's 17th meeting, Andhra Pradesh Finance Minister Yanamala Ramakrishnudu said that he has requested that textiles and fertilisers be exempted from the GST.

Besides, only hotels with room tariffs above Rs 7,500 will now face a 28% levy against Rs 5,000 earlier. "After a lot of discussion (it was decided) that 28 per cent limit in hotels will start from Rs 7,500, which means that between Rs 2,500 and Rs 7500, the rate will be 18 per cent".

The Council made a decision to tax lotteries in two segments - with state-run ones attracting 12 percent GST and the state-authorised 28 percent.

The Council cleared six draft rules relating to advance ruling, appeal and revision, assessment, anti-profiteering and funds settlement. Malaiyya discussed about the difficulties being faced by traders related to implementation of GST system with Jaitley.


The GST Council will consider on June 30 the state's other demands including a tax for ayurveda medicines on a par with modern medicines, an increase in taxes for cosmetics and a decrease in tax for bamboo products. The government is hoping that GST will be simpler and easier to administer than all other indirect taxes of the Centre and State levied so far. GST is an initiative to create "one nation, one tax, one market", he says.

Rajeev Dimri, Leader, Indirect Tax, BMR and Associates LLP said: "This measure should significantly help in assuaging the concerns of inadequate readiness of GSTN being faced by the industry and confirms that preparedness of GSTN will not be a roadblock for the implementation of GST as was being anticipated by the industry".

An awareness campaign has been launched to inform the industry about the processes related to the GST.

The e-way bill rule has attracted criticism from various quarters, which have been mainly directed at the apparent cumbersome compliance involved.

The council approved changes in the threshold for the composition scheme in the Northeast to Rs 50 lakh instead of Rs 75 lakh, raised at the last meeting and applicable for all other states, citing the small trader base there.

"I must candidly state that there was no consensus on the e-way bill".

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