Bookmark Kaumudi Online  Bookmark this site  Editor@Kaumudi  |  Marketing  Print Advt rates  |  Calendar 2012        Go!    
 
 
January 16, Tuesday 2018 3:15 PM       

       HEADLINES: DYFI activist hacked in Thiruvananthapuram                                              Gita Gopinath’s economic advices must be carefully approached: CPI                                              Udayamperoor Neethu murder case: Accused found hanging                                              ‘Joker’ like Uzhavoor is not needed for NCP: Mani C Kappan                                              Vigilance registers FIR against Thomas Chandy                                              SC judge in Loya case breaks down during meeting with CJI                                              SC crisis seems unresolved, will take couple days to settle: AG                                              CJI sets new five-Judge constitution bench, sans four SC judges                                              Couple arrested after 13 brothers and sisters held captive                                              Palestinian leaders vote to suspend recognition of Israel                                              Pak provides safe sanctuaries to terrorists: MQM                                              Centurion Test: Rain halts play on third day                                              Khelo India's official anthem released                                              Kaumudi Facebook
       BUSINESS Next Article: GST needs structural changes, says Rahul  
       Chidambaram on GST rates cuts: Congress, I are vindicated
 
         Posted on :18:08:12 Nov 11, 2017
   
A A
       Last edited on:18:08:12 Nov 11, 2017
         Tags: Chidambaram on GST rates cuts: Congress, I ar
 

NEW DELHI: Senior Congress leader P. Chidambaram on Friday said that he and his party are vindicated by the cuts in the Goods and Services Tax (GST) rates.

"Congress is vindicated. I am vindicated. The merit of capping GST at 18% is now recognised," Chidambaram tweeted.

The former Finance Minister mocked the Bharatiya Janata Party (BJP) and said that the government learned its lesson because of the upcoming Gujarat Assembly elections.

"When GST rate is capped at 18%, this Govt would have learnt its lesson belatedly. Thank you Gujarat. Your elections did what Parliament and common sense could not do(sic)," he wrote.

The Rajya Sabha MP said the next goal of his party will be the implementation of the Revenue Neutral Rate (RNR) in GST.

"Congress party's next goal will be to push for one rate: RNR with an RNR plus and an RNR minus," he said.

The RNR is a structure of different rates established in order to match the current revenue generation with revenue under GST.

Union Finance Minister Arun Jaitley Friday announced moving 178 items from the 28 percent to the 18 percent tax bracket under the GST, applicable from November 15.

A A
       BUSINESS
Next Article: GST needs structural changes, says Rahul
 
 
BUSINESS HEADLINES
Financial Institutions to ensure US TIN for pre-existing accounts is reported  
UIDAI allows face recognition for Aadhaar authentication  
What women expect from Union Budget 2018  
Aadhaar biometric lock, a lesser-known security feature  
Govt to invite fresh applications for RBI deputy guv post  
Govt mulls tax-free gratuity of up to Rs. 20 lakh: Report  
Inflation will dip in January, claims SBI  
Commerce Secretary urges policy framework to address export financing woes  
ED arrests former Andhra Bank director  
Infosys President Rajesh Murthy steps down  
IT Dept reports significant hike in prosecutions against tax evaders  
Sensex, Nifty hit new highs on global cues  
French luxury group eyes investing over Rs. 3K cr in Patanjali  
Sensex regains 51 pts in early trade ahead of earnings  
Foreign airlines can own up to 49% stake in Air India  
Financial bids for all 12 large NPA accounts by month-end: SBI  
Grundfos unveils mobile application for customer service  
Indian ports set to double their profit: Gadkari  
Nearly 1,000 flights to be hit by airspace closure for R Day  
US dollar ends cheaper against rupee  
US freezes over $1 bn military aid to Pak over terror inaction  
Nifty rises 54 pts on positive global cues  
Air India ties up with three banks for loans for three B777 planes  
Idea to raise Rs 6,750 cr ahead of Vodafone merger  
Rupee skids from 2-1/2 year high, down 5 paise  
 
Do you think Sreejith issue will get politicised if he continues strike, despite CM's assurance for action?
yes
 
no
 
no opinion
 
 
 
Home Kerala India World Business Sports Sci&Tech Education Automobile CityNews Movies Environment Letters 
© Copyright keralakaumudi Online 2011  |  Reproduction in whole or in part without written permission is prohibited.
Head Office Address: Kaumudi Buildings, Pettah P.O, Trivandrum - 695024, India.
Online queries talk to Deepu Sasidharan, + 91 98472 38959 or Email deepu[at]kaumudi.com
Customer Service -Advertisement Disclaimer Statement   |  Copyright Policy