"There will be no GST on sanitary pads", India's Acting Finance Minister Piyush Goyal told journalists Saturday.
The Finance Minister informed that the Special meeting of GST council will be held on 4th of next month in Delhi and it will be focussed on Micro, Small and Medium Enterprises MSME Sector. Several folks online have warned us all that we shouldn't rejoice because while tax might be zero, prices of sanitary napkins could actually increase to compensate for the lack of input credit tax.
The Council brought down tax rates to 18 per cent from 28 per cent on 15 items, including vacuum cleaners, washing maching, 68 cm (27 inch) TV, fridge, laundry machines, paints and varnishes.
Also idols made of stone, marble, wood, rakhi not embedded with stone, phool jhadu, sal leaves, too have been exempted.
In a bid to woo the middle class ahead of the general elections, the government on Saturday slashed GST rates on over 100 products and services and simplified return filing process for businesses.
"Thank you. for understanding the need for menstrual hygiene and exempting sanitary pads from tax".
The new national GST (goods and services tax) was introduced last July under Prime Minister Narendra Modi, and was the country's biggest tax overhaul in a generation.
Russian media suggest Putin-Trump summit a step forward Trump marked his trip to Helsinki with a tweet claiming that, "Much of our news media is indeed the enemy of the people ". The demonstrations were peaceful and crossed political party lines to protest against both Trump and Putin .
This, a report by Hindustan Times, said was in addition to the composition scheme, which allows small tax payers with sales of upto Rs 1 crore in most of the states, to pay taxes and file returns on a quarterly basis.
The reverse charge mechanism that asks the buyer to pay tax if goods are procured from an unregistered dealer has been deferred for one year. To counteract this double taxation, the government refunds the entire tax paid on the input - meaning the raw materials - as long as the producer has paid the output tax. It is estimated to cause a revenue loss of around Rs 8,000-10,000, crore with cuts in the peak 28% slab alone costing the exchequer about Rs 6,000 crore.
"Today's decisions of the GST Council were guided by simplification, rationalisation..."
Mr Goyal said, traders with turnover up to 5 crore rupees will deposit GST monthly but they have to file the returns quarterly. The GST on handbags, jewellery box, wooden box for paintings, glass art ware, ornamental framed mirrors, handmade lamps, wax, natural gum, iron and brass products have been reduced from 18 per cent to 12 per cent.
Earlier, the council had revised tax rates on 29 items in January.
Shares in trade-sensitive stocks were hardest hit, with auto makers Daimler, Volkswagen and Fiat Chrysler all down more than 1pc. Still, new tariffs could help Mr Trump's Republican party going into November's congressional elections.
After this disgusting game today, I can't wait to get back to training camp and wash this taste out of my mouth. It will be the first official USA Basketball gathering with Gregg Popovich as the head coach.
In fact only one player of the 22 who started the final - Golden Ball victor Luka Modric - was named in the team. There were 115 billion impressions (views on Twitter) of tweets during the World Cup , the data showed.
The president's tumultuous trip across Europe, historians say, smashed the conventions of American leaders on the world stage. The admission is the latest in a series of reversals in Mr Trump's assessment of Vladimir Putin and Russian meddling.
The case is the most important out of a trio of antitrust cases against Google because of Android's enormous growth potential. This could result in, for example, Microsoft paying to have its Bing search bar installed as the default on certain phones.
Eventually, up to six passengers at a time could get on board the New Shepard spaceship, which flies under autonomous control. It's part of a safety system meant to save lives once space tourists and others climb aboard for suborbital hops.
Nearly two months later Chelsea are looking for a 13th permanent boss of Roman Abramovich's ownership, which began in June 2003. Chelsea have also indefinitely postponed plans to rebuild Stamford Bridge in a scheme which would cost more than £1billion.
On the topic, Putin emphatically stated, "The Russian state has not interfered and will not interfere in USA internal affairs". North Atlantic Treaty Organisation last week criticizing Russian Federation for its annexation of Crimea - worth noting.
Putin denied anew that the Russian government interfered, regardless of what non-governmental Russian actors might have done. Husseini said police cuffed both his hands and legs and whisked him away to a nearby detention centre for questioning.
Trump backs down, says he misspoke on Russia meddling
The Trump-Putin meeting news hub is active on the AP News site and the mobile app. "This is utterly ridiculous". The two leaders met one-on-one and discussed a range of issues including the 2016 U.S Election collusion.
Putin 'proud' of Russia's handling of World Cup
Once the players reached the main square, people were clearly thrilled to catch sight of these new-found national heroes. According to Grubisic's data, there were 25% more mentions of the Croatian president than the Croatian captain.