Bookmark Kaumudi Online  Bookmark this site  Editor@Kaumudi  |  Marketing  Print Advt rates  |  Calendar 2018        Go!    
 
 
June 24, Sunday 2018 12:11 PM       

       HEADLINES: B Sujatha Devi Passes Away                                              Son brutally beats mother                                              Teased for dark skin, woman poisons food at family function                                              UP: Infant crushed to death by father                                              Senior Congress leader Danam Nagender resigns                                              UAE says ready to back efforts for peaceful Yemen rebel pullout                                              Musharraf says he has not quit politics                                              Constant bullying of activists unacceptable: HRCP                                              Kohli & Co. depart for Ireland, England tour                                              FIFA WC: Lukaku, Hazard braces help Belgium stun Tunisia 5-2                                              FIFA WC: Vela, Hernandez help Mexico win against S Korea 2-1                                              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
WhatsApp updates privacy policy, terms of use ahead of payments service launch  
Infosys stable and on verge of something momentous: Nilekani  
Gold, silver prices fall on weak global cues  
FICCI awarded at X International IT Forum, Russia  
Lenovo India names Pankaj Harjai as Director-Tablets  
Adani Transmission acquires 100% equity in Ghatampur SPV  
Air India set to have 'Maharaja' class seats on international flights  
Sensex gets a buying lift, up 123 pts; RIL at new high  
Aviation Ministry committed to strategic disinvestment of Air India  
Exempted sectors should come under GST: Arvind Subramanian  
Bajaj Finserv offers pre-approved personal loan to customers  
US dollar ends cheaper against rupee  
Pradeep Parameswaran appointed Uber President- India, South Asia  
Google announces training programme for journalists  
Sensex tanks 261 pts as US-China trade spat escalates  
US dollar ends higher against rupee  
WhatsApp Payments to be rolled out soon: here is how it's different from competition  
Ayushman Bharat: Only half the states ready to launch scheme on August 15; UP Bihar & West Bengal not prepared yet  
Audi boss arrested over diesel scandal  
India, US officials to meet soon to discuss concerns of both sides: Prabhu  
Rupee dives to 3-week low at 68.01 on macro-liquidity shocks  
Gold rises on mild demand, silver surges for 8th session  
AFT directs govt to remove anomaly in HRA  
Grand Finale of Smart India Hackathon from June 18-22  
GST refund drive extended till June 16  
 
Should Yoga be made compulsory in all schools?
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