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GST July 1st release: Yet to be an assured reality?

By Ranjeet Mahtani & Sweta Rajan On the path to complete all responsibilities and release the requisite laws, regulations and rates ahead of the proposed transition date of July 1, 2017, the GST Council met on June 3, 2017. The key developments during the meeting were: A committee comprising revenue officers from Centre and States is to be set up to entertain complaints relating to anti-profiteering. GST rates of the items which were not placed across the agreed rate slabs (after the Council’s meetings on 18 and 19 May, 2017) were decided, including 3% GST on gold and gold jewellery, 0.25% on rough diamonds, 5% on packaged food items sold under registered trademarks, 18% on biscuits, 5% on footwear priced below Rs. 500/- ...

Kerry to visit New Delhi for second Indo-US Strategic and Commercial Dialogue

PTI  "On August 29-31, Secretary Kerry will travel to New Delhi for meetings with senior Indian officials," the State Department spokesperson Elizabeth Trudeau said.  On August 30, Kerry and US Secretary of Commerce Penny Pritzker will co-chair the second US-India Strategic and Commercial Dialogue (S&CD), she said. Kerry and Pritzker will be joined by their respective Indian co-chairs, Minister of External Affairs Sushma Swaraj and Minister of State for Commerce and Industry Nirmala Sitharaman, along with members of the US delegation and their Indian counterparts.  "The S&CD is the signature mechanism for advancing the United States' and India's shared priorities of generating sustainable economic growth, creating jobs, improving the business and investment climate, enhancing livelihoods, and sustaining the rules-based global order," Trudeau added.  ...