GST: Restaurants to bill differently today, pre midnight and after

GST: Restaurants to bill differently today, pre midnight and after

Congress party has however made a decision to boycott the event appears to protest against hardship being caused to small and medium enterprises and traders.

GST, which works as a tax on consumption, subsumes Central levies, including excise duty and service tax, as well as State value-added tax and levies such as octroi.

Apart from affecting people of all ages and gender, we try and look at how the GST rollout will affect the lives of Indian woman - from the office goer to the homemaker.

Calling the GST a "disruptive change", President Pranab Mukherjee said the ambitious central tax is a "tribute" to the maturity and wisdom of India's democracy as he recalled steps taken during his own tenure as Finance Minister on this key reform measure. The tax department is increasing its staff from 46,000 to 80,000 by March next year, said The Times of India. "I also had the privilege of giving assent to the Constitution (One Hundred and First Amendment) Act, 2016 (the GST Act)", he added.

"With the GST India has showcased that these forces can be overcome through the display of inclusion, openness and boldness", the Finance Minister said.

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Finance Minister Arun Jaitley and his ministry officials disclosed this information after the Council meeting here, ahead of the roll-out of the new indirect tax regime. "This (GST) has the potential to push India's GDP by one to two per cent", Jaitley recently pronounced at the Peterson Institute for International Economics, Washington. As far as the automobile industry is concerned, though it may face some challenges in the short term, in the long term, GST will boost growth in the automobile sector. "The union is strong if both the states and the Centre are strong".

Anshuman Magazine, chairman (India and South East Asia), Commercial Real Estate Services said GST will bring in a much-needed renaissance. A minute after the stroke of midnight, Mukherjee and Modi pressed a button to launch the new indirect tax regime on a digital screen with "GST" emblazoned on it in a golden hue.

With a single tax replacing the current system of multiple taxes, eating out may become cheaper, but restaurants are looking at ways to bill their midnight diners tonight. Touted as the most radical tax reform after Independence, what is the basis of such claims?

Relief from tax burden: efficiency gains and prevention of leakages will benefit consumers with a reduction in the overall tax burden estimated to be around 25-30 percent. Women activists all across the country have questioned the GST Council whether 'sindoor 'or sanitary pads are more necessary for women.

Rahul Gandhi: The Congress Vice-President while calling GST a reform that holds great potential said that it is being rushed through in a half-baked way with a self-promotional spectacle.