"PM Modi Demonetised India, We'll Remonetise It": Rahul Gandhi On NYAY Scheme

Congress president Rahul Gandhi today said that his party's election promise of a minimum income guarantee scheme for the poor is aimed at fixing the "damage" caused by the Narendra Modi government to the country's economy through ill-considered initiatives such as demonetisation and the Goods and Services Tax (GST).

The TMC will work for the revival of the Planning Commission, institution of a judicial inquiry into demonetization and a review of the GST if the opposition alliance is voted to power in the Lok Sabha polls, its manifesto released by party supremo Mamata Banerjee said on Wednesday.

SBI's savings account holders are required to maintain an average monthly average of Rs 1,000-3,000 to avoid any penalty charges. State Bank of India charges a penalty amount to the tune of Rs 7.5-15 (excluding GST) for non-compliance with the guidelines in metro, urban and semi-urban branches, according to the bank's website.

Experts also noted that the transparency brought in by the Real Estate Regulatory Act and GST has helped the sector including the high-end segment.

The Council had in its last meeting on February 24, slashed tax rates for under-construction flats in affordable category to 1 per cent.

Former Prime Minister Manmohan Singh on Friday presented the BusinessLine Changemaker Of The Year award to Union Minister Arun Jaitley for successfully introducing the Goods and Services Tax (GST), giving the BJP an opportunity to heckle the Congress on social media.

The Election Commission has given approval for holding the upcoming GST Council meeting on March 19 to consider various issues including the implementation of lower GST rates for the real estate sector.

The government has assured to reduce corporate tax to 25% from 30% once GST collections improve, said industrialists who met Finance Minister

The government slashed GST to 5 per cent and 1 per cent on the under-construction and affordable housing projects

Goods and Services Tax (GST) collections in the current fiscal till February totalled Rs 10.70 lakh crore.

Industry executives are sceptical their positions - and those of many would-be buyers - will improve much, especially if there's no easing of a funding crunch.

GST Council meet: The Council also cut GST rates on affordable housing to 1 per cent from the current 8 per cent.

The centre has announced major cuts in the Goods and Services Tax charged on the sale of under construction residential properties - a move that's certain to find favour with middle class voters ahead of the coming elections.

The Directorate General of Goods and Services Tax Intelligence in Chhattisgarh detected a fraud of Rs 141 crore, said officials. Two persons have also been arrested in this connection.