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		<title>Streamlining Of GST</title>
		<link>https://newsmantra.in/parliament-2/</link>
					<comments>https://newsmantra.in/parliament-2/#respond</comments>
		
		<dc:creator><![CDATA[Newsmantra]]></dc:creator>
		<pubDate>Wed, 20 Nov 2019 06:12:32 +0000</pubDate>
				<category><![CDATA[News Mantra: Exclusive]]></category>
		<category><![CDATA[goods]]></category>
		<category><![CDATA[GST]]></category>
		<category><![CDATA[lok sabha]]></category>
		<category><![CDATA[parliament]]></category>
		<category><![CDATA[Rajya Sabha]]></category>
		<category><![CDATA[services]]></category>
		<category><![CDATA[Shri Anurag Singh Thakur]]></category>
		<guid isPermaLink="false">https://newsmantra.in/?p=8849</guid>

					<description><![CDATA[<p>Goods &#38; Services Tax (GST) has replaced multi-layered, complex indirect tax structure with a simple, transparent and technology–driven tax regime which has integrated India into a single, common market by removing barriers to inter-State trade and commerce. GST has eliminated cascading of taxes and reduced turnaround time for the transporters and all...</p>
<p>The post <a href="https://newsmantra.in/parliament-2/">Streamlining Of GST</a> appeared first on <a href="https://newsmantra.in">newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu &amp; Kashmir, Trending news | News Mantra</a>.</p>
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										<content:encoded><![CDATA[<p><span class="mceItemHidden">Goods &amp; Services Tax (<span class="hiddenSpellError">GST</span>) has replaced multi-layered, complex indirect tax structure with a simple, transparent and technology–driven tax regime which has integrated India into a single, common market by removing barriers to inter-State trade and commerce. <span class="hiddenSpellError">GST</span> has eliminated cascading of taxes and reduced turnaround time for the transporters and all teething issues are being proactively resolved regularly by the <span class="hiddenSpellError">GST</span> Council and the Government. This was stated by Shri Anurag Singh Thakur, Union Minister of State for Finance &amp; Corporate Affairs, in a written reply to a question in <span class="hiddenSpellError">Rajya</span> <span class="hiddenSpellError">Sabha</span> today.</span></p>
<p><span class="mceItemHidden">The Minister further stated that the Government conducts frequent meetings with the trade and industry. Representations received from trade and industry are examined, collated and brought before the <span class="hiddenSpellError">GST</span>  Council from time to time. Based on the recommendations of the <span class="hiddenSpellError">GST</span> Council, amendments have been made to the <span class="hiddenSpellError">GST</span> Acts see the <span class="hiddenSpellError">CGST</span> (Amendment) Act, 2018, the <span class="hiddenSpellError">IGST</span> (Amendment) Act, 2018, the <span class="hiddenSpellError">UTGST </span>(Amendment) Act, 2018 and the <span class="hiddenSpellError">GST</span> (Compensation to States) Amendment Act, 2018. Amendments in the <span class="hiddenSpellError">GST</span> Act have also been carried out in the Finance (No.2) Act, 2019. Further, 34 amendments have been made in the <span class="hiddenSpellError">CGST</span> Rules, 2017 till November, 2019.</span></p>
<p><span class="mceItemHidden">He also said on another query that government doing large Infusion of capital to <span class="hiddenSpellError">PSBs</span>.</span></p>
<p><span class="mceItemHidden">In addition to capital infused earlier by the Government, provision of Rs 70,000 crore <span class="hiddenGrammarError">has been made</span> for infusion of capital by the Government in banks in the Budget for the current Financial Year to boost credit for impetus to the economy. Rs 60,314 crore <span class="hiddenGrammarError">has been infused</span> so far from this provision, equipping banks for growth. This <span class="hiddenGrammarError">was stated</span> by Shri Anurag Singh Thakur, Union Minister of State for Finance &amp; Corporate Affairs, in a written reply to a question in <span class="hiddenSpellError">Rajya</span> <span class="hiddenSpellError">Sabha</span> today.</span></p>
<p>The post <a href="https://newsmantra.in/parliament-2/">Streamlining Of GST</a> appeared first on <a href="https://newsmantra.in">newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu &amp; Kashmir, Trending news | News Mantra</a>.</p>
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