x

Like our Facebook Page

   
Early Times Newspaper Jammu, Leading Newspaper Jammu
 
Breaking News :   SKUAST-K scientist leads team of researchers that invents medicine for prostate cancer | Ignored by separatists, Dr Farooq becomes nationalist again | Brick kilns pose threat to human lives, Flora, fauna also get affected in Budgam | Army foils BAT attack in Poonch; militant killed, three soldiers injured | JUTA gives 'sermons' to students', skips UIET issue | RDD spends 15 lakh to benefit favourites | PIL regarding delay over Artificial lake, Mubarak Mandi Gandola Project | Mentally challenged elderly person gets killed at Srinagar Air Force station | Journalists walk out of PIB workshop at Kulgam | Mehbooba underlines need for streamlining state's urban transport | HC rejects bail of Judicial Officer accused of rape | Srinagar-Jammu highways, Srinagar-Leh, Mughal road remains closed | AJKRTTF holds meeting at Vijaypur | SSA stages protest against Govt for not streamlining salaries | 335 Kargil bound passengers airlifted from Jammu | HC grants CBI time to file status report | Power shut down | Security forces launch CASO in south Kashmir | Porter dies after tree fell on him | 4 absent employees of RDD suspended | Compassionate appointment to be offered on consolidated wage basis: HC | DPS organizes English recitation competition | Alexander Memorial Higher Secondary School bids farewell to outgoing students | Shiksha Niketan organises "Healthy Food Competition" | NSF criticizes Jammu University administration | DPS shines at Karate Championship | Samooh theatre organizes musical performance of DK Vaid poems | MAM College fetches 'Best Stall Award' in Red Cross Mela | APS Damana students win accolades | 3rd Cricket Warrior Cup held at sports stadium Doda | Seminar on road safety organized | Nami Dogra Sanstha presents Red Cross song | AAP activists visit border areas of Bishnah, Arnia | Corruption has become a norm in BJP-PDP rule: Harsh | Yashpaul, Kewal awarded with Sarv Bhasha Samman | Tributes paid to Chhatrapati Shivaji on his Birth Anniversary | NPP seeks release of salary of SPOs | Grameen Bank organizes awareness programme | Remain vigilant from divisive forces: ELWC | Rangyug concludes 360 hours theatre training | Unrest prevails among students of JU: NSC | Non-Gazetted Police Pensioners Welfare Forum highlighting issues | JU students continue their strike | Legal Services organises Law Fair | Like stone pelters, Udhampur truck 'attackers' too want amnesty | State govt continues to be soft towards Pak stooges, fails to keep trouble mongers in jail | Jasrotia removed, Baba appointed new Director Phy Edu | Granting rights to West Pak Refugees: Some 'corrupt' Sangh leaders also not ready to touch contentious issue | Of PM's Rs 2000 Cr package, nothing spent on POK refugees | 3 Degree colleges of Rajouri run from makeshift buildings | Remain vigilant from divisive forces: ELWC | BJP attempts to befool Jammu on UIET issue | NIA to quiz central jail cops, arrests likely | Doctors manage transfers to continue their Private practices | DSEK flags-off students for educational tour | Police fined 10 overloaded vehicles, 1 seized | JKSDMA issues low danger avalanche warning | Hakla demands for political package for Gujjar Bakarwals | Indefinite strike by people of Nowshera for district status enters 4th day | Jammu boxers dominate in State Boxing | Dy CM visits Padmanabha Vishnu Temple in Kerala | Promoting MSMEs can prevent financial scams: Dr Jitendra | Any fiddling with Article 370, demography of State is intolerable: PDP | MIER organizes lecture on 'prevention of heart diseases' | GGHSS Mubarakh Mandi organises Farewell Parety | Closing ceremony of Federation Cup Power Lifting Championship held | Young Painters dominate at Painters Camp | Ah, Guarding Gods! | Water Woes | Confidence and self worth | Sermons from a senior separatist | Back Issues  
 
news details
GST will be consumer friendly: Fin Min
5/19/2017 10:58:01 PM
Early Times Report

Srinagar, May 19: With the Goods and Service Tax (GST) set for a July roll-out, Union Finance Minister Arun Jaitley Friday said the new tax regime will be consumer-friendly besides being an efficient tax system.
He also said that healthcare and education will remain exempted from the GST, while transport services will be taxed at 5 per cent.
Addressing reporters after attending a two-day meeting of the GST Council in Srinagar, Jaitley allayed concerns surrounding the new tax regime, saying rates have not been hiked and insisted that under the new system either present rates were maintained or they have been brought down. He said rates of services will be in four slabs: 5, 12, 18 and 28 per cent.
Going into details, Jaitley said telecom and financial services will be taxed at a standard rate of 18 per cent while 28 per cent of tax will be levied for race club, betting and cinema halls.
He also said restaurants with turnover of Rs 50 lakh or below will face 5 per cent tax under the new tax regime while non-AC restaurant to be taxed at 12 per cent. Touted as the biggest reform in the country's indirect tax structure, GST will introduce a single tax on supply of goods and services, right from the manufacturer to the consumer.
  Share This News with Your Friends on Social Network  
 
  Comment on this Story  
 
 
 
Early Times Android App
STOCK UPDATE
  
BSE Sensex
NSE Nifty
 
CRICKET UPDATE
 
 
 
 
 
 
 
 
   
Home About Us Top Stories Local News National News Sports News Opinion Editorial ET Cetra Advertise with Us ET E-paper
 
 
J&K RELATED WEBSITES
J&K Govt. Official website
Jammu Kashmir Tourism
JKTDC
Mata Vaishnodevi Shrine Board
Shri Amarnath Ji Shrine Board
Shri Shiv Khori Shrine Board
UTILITY
Train Enquiry
IRCTC
Matavaishnodevi
BSNL
Jammu Kashmir Bank
State Bank of India
PUBLIC INTEREST
Passport Department
Income Tax Department
JK CAMPA
JK GAD
IT Education
Web Site Design Services
EDUCATION
Jammu University
Jammu University Results
JKBOSE
Kashmir University
IGNOU Jammu Center
SMVDU