Way bill on agenda for GST Council meeting tomorrow

GST Council to meet Saturday: Will it finally decide on e-way bill roll-out?

Amid concerns over dip in revenue and tax evasion, the goods and services tax (GST) Council has convened its 24th meeting via videoconferencing on Saturday to discuss the early implementation of e-way bill.

Ferrying goods across states may get quicker as the GST Council today chose to make rollout of all India electronic-way bill compulsory from February 1, two months ahead of the earlier plan.

Last month, tax rates on several items, ranging from chewing gum to chocolates, to beauty products, wigs, and wristwatches, were cut to provide relief to consumers and businesses.

Although the national e-way bill system will be available from January 16, states can choose their own dates earlier than June 1, 2018 for rolling out e-way bill.

"The downfall in the revenue on account of GST, goods crossing the state borders unaccountable by few taxpayers, etc. could be the reasons for the early implementation of e-waybill as this form will forcefully make the taxpayer accountable in the absence of matching of invoices which is now postponed", Ansh Bhargava, Head Growth & Strategy, Taxmann said. Also, October's GST revenue recorded a decline of Rs 12,000 crore from the Rs 95,131 crore collected for the preceding month.

Enbridge Energy Partners, LP (EEP)
Enbridge Energy Partners, L.P. (EEP) has 0 billion shares outstanding now , 44.96% of which belong to institutional investors. Technical analysis of Enbridge Energy Partners, L.P. (EEP) stock includes the study of technical indicators and past trends.

Jaitley had said yesterday that the Council has prepared schedule with regard to e-way bill to check evasion.

Archit Gupta founder and CEO ClearTax said: "This will help transporters and sellers understand the requirements and prepare in advance". Restoration of reverse charge mechanism and invoice matching are also expected to come up for discussion in the meeting, they said.

This followed the Union Cabinet decision on Friday to bring in a Bill to replace the Goods and Service Tax (Compensation to States) Ordinance, aiming to compensate states for the loss of revenue due to implementation of GST.

Under GST, movement of goods costing over ₹50,000 beyond 10 km requires prior registration and generation of an e-way bill through the GST Network to track inter- and intra-State movement.

Journalism takes a lot of time, money and hard work to produce, despite all the hardships we still do it, because we believe our perspective matters - because it might well be your perspective, too. If you have noticed we haven't put up a paywall unlike many news organisations, - as we want to keep our journalism open. Today more people are reading Kashmir Observer than ever, but only a handful are paying and advertising revenues across the media industry is falling fast.


  • Waters Corporation (WAT) SVP Sells $4713658.39 in Stock

    Pnc Fincl Services Group holds 0% or 54,757 shares in its portfolio. (NYSE:NLS) or 302,551 shares. (NYSE:NLS) for 114,402 shares. It worsened, as 11 investors sold CECO shares while 42 reduced holdings. 24 funds opened positions while 52 raised stakes.
    Arsene Wenger: Manchester City 'have petrol and ideas'

    Arsene Wenger: Manchester City 'have petrol and ideas'

    But he also stressed that Guardiola is managing a City side at a time when they can pick and choose any player that money can buy. "Why not? It can happen, but there is still a long way to go", Wenger told a news conference on Friday.

    The Windstream Holdings Inc (WIN) Receives Consensus Rating of "Hold" from Analysts

    Finally, Personal Capital Advisors Corp increased its position in shares of Windstream Holdings by 19.2% in the first quarter. ValuEngine upgraded Windstream from a "strong sell" rating to a "sell" rating in a research report on Friday, September 1st.
  • West Ham United Premier League - 16 December 2017

    West Ham United Premier League - 16 December 2017

    The Potters could equal their longest top-flight unbeaten run against West Ham - nine matches from 1964 to 1968. Mark Hughes will be without Kurt Zouma, Bruno Martins Indi and Stephen Ireland through injury.

    Barings LLC Lowers Holdings in Zoetis Inc (NYSE:ZTS)

    Cadence Capital Management LLC's holdings in Zoetis were worth $2,237,000 at the end of the most recent quarter. (NYSE:ZTS). The stock increased 0.78% or $0.51 during the last trading session, reaching $65.98. (NYSE: ZTS ) for 4.71 million shares.
    Rose leads, Snedeker withdraws from Indonesian Masters

    Rose leads, Snedeker withdraws from Indonesian Masters

    The season-ending Asian Tour flagship event has been hit by multiple rain and lightning suspensions since round two. BC-GLF-Indonesian Masters, 130Rose leads, Snedeker withdraws from Indonesian MastersEds: APNewsNow.
  • Ketamine may reduce suicidal thoughts

    Ketamine may reduce suicidal thoughts

    The improvement in suicidal thoughts and depression in the ketamine group appeared to persist for up to six weeks. The participants in this study received either a low-dose infusion of ketamine or the sedative midazolam.

    Are Analysts Bullish about Sarepta Therapeutics, Inc. (NASDAQ:SRPT) after last week?

    Ladenburg Thalmann Financial Services Inc. raised its stake in shares of Sarepta Therapeutics by 140.9% during the third quarter. The United Kingdom-based Omni Limited Liability Partnership has invested 0.18% in Sarepta Therapeutics, Inc . (NASDAQ:SRPT).
    Winter Session: Oppn corners Modi over Pak-Guj polls row

    Winter Session: Oppn corners Modi over Pak-Guj polls row

    The chairman said this was not the issue of discussion as he had allowed discussion on problem caused by cyclone in Tamil Nadu. He also added that this parliament session should be held with a positive approach to move the country forward.
  • Accident Compensation Corp Reduces Stake in American Water Works (AWK)

    On a one to five ratings scale where 1.0 indicates a Strong Buy, 2.0 indicates a Buy, 3.0 a Hold, 4.0 a Sell and 5.0 a Stong Sell. Boenning Scattergood restated a "hold" rating on shares of American Water Works in a research report on Thursday, November 2nd.

    Tidewater Inc (TDW): SuperTrend Below Current Share Price

    The stock witnessed 15.41% gains, 2.77% gains and -7.68% declines for the 1-month, 3-month and 6-month period, respectively. Manitoba - Canada-based Great West Life Assurance Can has invested 0% in QuinStreet, Inc. (NASDAQ:QNST) for 85,440 shares.
    NY  attorney general to sue following net neutrality repeal

    NY attorney general to sue following net neutrality repeal

    CRA resolutions allow Congress to overturn regulatory actions at federal agencies with a simple majority vote in both chambers. The end of net neutrality , she said, hands over the keys to the internet to a "handful of multibillion-dollar corporations".


Latest news

U.S. reveals Iran link to Riyadh hit
The report also found that Iran had possibly participated in the transfer of ballistic missile parts to Houthi rebels in Yemen. The US provides aerial refueling support to aircraft from the Saudi-led coalition fighting the Houthis in Yemen.

Govt committed towards development of Northeast: PM Modi
Prime Minister Narendra Modi inaugurated the Shillong-Nongstoin-Rongjeng-Tura Road in Shillong on Saturday. He said, "See the record corruption in Meghalaya".

Scripps Networks Interactive (SNI) Getting Somewhat Positive News Coverage, Study Shows
Matthew 25 Management Corp, which manages about $821.26 million and $360.50M US Long portfolio, decreased its stake in Kkr & Co. In related news, Director Jeffrey Sagansky sold 1,077 shares of the business's stock in a transaction on Friday, November 3rd.

Evaluating Insider Trading And Ownership For Array BioPharma Inc. (ARRY)
The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link . The average Wall Street analyst rating for Array BioPharma Inc.is Strong Buy, according to the average of 9 analyst scores.

(ALGN) CFO Sells $382500.00 in Stock
Following the transaction, the vice president now directly owns 12,213 shares in the company, valued at approximately $3,089,889. Mizuho maintained Amazon.com, Inc. ( NASDAQ :LOGM) earned "Overweight" rating by KeyBanc Capital Markets on Friday, August 28.

The BidaskClub Lowers Sempra Energy (NYSE:SRE) to Sell
The (Simple Month Average) SMA20 is at -2.28 percent, its SMA50 Value is -1.21% and SMA200 value is reported as 0.99 Percent. A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SRE.

BlackRock, Inc. (BLK) EPS Estimated At $5.92
Beaufort Securities maintained Victoria Oil & Gas Plc (LON:VOG) on Wednesday, April 20 with "Speculative Buy" rating. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company.

Carson Wentz Injury: Eagles Confirm QB Tore ACL, Ending MVP Candidate's Season
He started his college career at Michigan State, but transferred to Arizona, where he started for the better part of three years. This was the eighth time in the Super Bowl era that quarterbacks taken No. 1 and No. 2 overall in the same draft squared off.

Is Buying PBF Energy Inc. (PBF) Here a Winning Strategy?
The institutional investors in our partner's database now have: 119.24 million shares, up from 109.13 million shares in 2017Q1. Wall Street experts also assign a $6.98 price target on Ambev S.A., pointing towards a 10.62% rally from current levels.

Bank of America Corp (BAC) Shares Sold by Sandy Spring Bank
It is negative, as 35 investors sold MAA shares while 140 reduced holdings. 30 funds opened positions while 53 raised stakes. South Texas Money Management Limited, a Texas-based fund reported 2.31M shares. 36,639 are owned by Lincoln National.

Analysts Issue Forecasts for Progressive Corp's Q1 2019 Earnings (PGR)
The stock of The Progressive Corporation (NYSE: PGR ) has "Buy" rating given on Monday, September 18 by Keefe Bruyette & Woods. The Public Employees Retirement System Of Ohio holds 366,190 shares with $16.15 million value, down from 388,099 last quarter.

IOS 11.2.1 Update will many bugs
And more than likely, that's due to the continuing complexity and growing number of features of the software. The installation seemed to fail and recover at one point, but eventually, it did complete successfully.

Consensus Analysts Rating is Good For Investors — GameStop Corp. (GME)
The company reported $0.54 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.43 by $0.11. Market capitalization is calculated by multiplying a company's shares outstanding by the current market price of one share.

Trexquant Investment LP Acquires New Position in McKesson Co. (NYSE:MCK)
Larry Robbins increased its stake in Mckesson Corp (MCK) by 29.42% based on its latest 2017Q2 regulatory filing with the SEC. Agf Invs reported 0.01% of its portfolio in Callon Petroleum Company (NYSE:CPE). 1,115 are held by Mufg Americas Hldgs Corp.

Crytek sues Star Citizen developers over game engine
The final complaint in the document is that CIG and RSI revealed CryEngine technology to third parties without permission. CIG, while claiming to be ready and willing to provide relevant optimizations and bug fixes, supposedly never did so.

Other news