NEW DELHI, Nov 20:
State Finance Ministers todayfailed to iron out certain minordifferences over the proposedGoods and Services Tax (GST),days before start of a crucial ses-sion of Parliament that has to passa law for the new regime to comeinto force from April next year.
The Empowered Committeeof State Finance Ministers didnot discuss the GST rate butreferred to a sub-committee theissue of threshold below whichsmall businesses would beexempted from the new levy.
Delhi Deputy Chief MinisterManish Sisodia, who chairedtoday's meeting, said the stateswere "divided" over the threshold.
While the Centre is of theview that threshold for levyingcentral GST (C-GST) and stateGST (S-GST) be kept at anannual turnover of Rs 25 lakh,some small states want it to be atRs 10 lakh.
"Some states are adamant thatit should be Rs 10 lakh. Some oth-ers said it should be increasedbecause inspector raj will increaseif small traders come under GST...So, we thought that we shouldcollect data from all states,"Sisodia said.
The GST Bill, which willsubsume all indirect taxes tocreate one rate and integrate thecountry into a single market, hasbeen approved by the Lok Sabha
and is pending approval of theRajya Sabha.
After the ConstitutionalAmendment Bill is approved bythe Rajya Sabha, the Bill needsapproval of half of the state legis-latures before it can become a law.
The Government is hopingto get the bill approved in thewinter session beginning onNovember 26 and complete theother necessary legislative workby March 31.
Sisodia said the EmpoweredCommittee of State FinanceMinisters will meet next monthto decide on a new chairman.
"The EmpoweredCommittee will in its next meet-ing in the presence of FinanceMinister Arun Jaitley decide onthe chairman... The meetingshould happen in December," hetold reporters here.
Selection of a new chairmanhas been necessitated by the
incumbent Kerala FinanceMinister K M Mani's resignationearlier this month in the wake ofa High Court ruling against himin the bar bribery case.
The states have two options -- either raise the number of taxpayers or decrease the numberand levy higher tax, Sisodiasaid.
"Based on data, a decisionwould be taken so that it shouldnot be on the basis of prejudice.The sub-committee would sub-mit its report before the nextmeeting," he added.
Although the Governmenthad planned to roll out GST,which is billed as the most com-prehensive indirect tax reformsince the Independence, fromApril 1, 2016, it looks difficultas the Constitution AmendmentBill is stuck in the Rajya Sabhawhere the ruling NDA does nothave a majority.(PTI)
SATURDAY, NOVEMBER 21, 2015 (PAGE 20) DAILY EXCELSIOR, JAMMU
BHARTIYA COLLEGE OF EDUCATION Industrial Estate Dhar Road Udhampur (J&K)- 182101Ph: 01992-277845; Email: [email protected]
APPOINTMENT NOTICEApplications are invited from the eligible candidates with complete bio-data supported by rel-evant documents and latest passport size photograph for the following posts so as to reachthe office by 5th of Dec, 2015.
S.No
Name of the post Qualification
1 Principal M.Ed/M.A (Edu) & B.Ed degree with minimum of 55%marks, Ph.D and 10 years of teaching experience atcollege level.
2 Lecturer in Education, Science, Mathematics, SocialStudies, English, Hindi, Urdu, Dogri, EnvironmentalScience, Commerce, Computer Education, Fine Arts,Performing Arts Health & Physical Education.
P.G in relevant Subject and M.Ed. withmin.55% marks
3 Librarian B.Lib/M.Lib with min 55% marks
Salary as per Norms of University of Jammu.NET/SLET candidates will be preferred.Retired persons below the age of 65 years can also apply.www.bhartiyaeducation.com
Sd/- Chairperson/ Principal
BHASKAR DEGREE COLLEGE Industrial Estate Dhar Road Udhampur (J&K) 182101Ph: 01992-272114; Email: [email protected]
APPOINTMENT NOTICEApplications are invited from the eligible candidates with complete bio-data supported by relevant documents andlatest passport size photograph for the following posts so as to reach the office by 5th of Dec, 2015.
S.No
Name of the post Qualification
1 Principal M.A/M.Com/MCA/MBA. with minimum 55% marks,P.hd. and 10 years Teaching Experience atCollege/ University Level.
2. Lecturer in Education, Sociology , Pol.Sc, Geography,Commerce, Economics, Mathematics, Computer Applications,Management Studies, History, Music, Philosophy, English,Hindi, Urdu, and Environmental Science.
P.G in concerned Subject. with min.55% marks
3. Physical Instructor MP.Ed. with min 55% marks4 Librarian M.Lib with min 55% marks
Salary as per Norms of University of Jammu.NET/SLET candidates will be preferred.Retired persons below the age of 65 years can also apply.www.bhartiyaeducation.com
Sd/- Chairperson/ Principal
It is bring to your kind notice that due to stay order of court on perform-ing all kind of functions on Manhas Maha Sabha Ground, Paloura, Jammu.We Lalded Women Welfare Society is now unable to perform our Mela atthat Ground. Due to these circumstances we cancel the Raffle Draw whichis the part of this Mela and we inform all the buyers who purchased relat-ed tickets, that your money will be refund to you very shortly.
MOB : 9086133833
NOTICEStates fail to iron out differences over GST
