Free GST Updates – 16th & 17th Feb 2017

  1. GST Council will be meeting tomorrow for a crucial discussions before presenting the bills in both houses in next month. Some of the key points to be discussed are Administrative powers of state and centre, Non profiteering clause etc. It is also expected that Tax rate of Gold is too discussed in tomorrow’s meeting which would play significant role.
  2. In one of the Interview’s Standard Chartered analyst predicts that the GDP growth of India to go down marginally (7.2% against 7.6% for 2017). This is due to multiple factors like
    1. Remonitisation lingering in Quarter-2
    2. GST implementation
    3. Uncertainty in recovery in investment cycle
  3. Health groups urging government to put health hazardous products in the highest slab

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