The RBI's latest figures, which suggest that only about 1% of the cash banned under demonetisation has not come back into the system has revived the debate once again on whether the note ban has been effective or not. Critics of the note ban including this government's political rivals, say this is conclusive proof that the ban, meant to wipe out black money, was a failure, but those in the government strongly disagree and leading the charge is Rajiv Kumar Vice Chairman of the Niti Aayog. Speaking exclusively to NDTV, Mr Kumar said that 'he believes it was the right step to cleanse the economy, and if he were to implement note ban again, he would do so'.
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A taxpayer who files late, makes an error or delays payment will face recovery, interest and a proportionate penalty, but nothing beyond that.
The meeting is not expected to consider any broad rate changes, with only a limited set of rationalisation and clarification issues on the agenda, the sources said.
The GST Council, chaired by Union Finance Minister Nirmala Sitharaman and comprising state ministers, will, in its meeting on Thursday, discuss changes in registration, returns, and refunds mechanism.
The film has been streaming on JioPlus Hotstar since October 2.
The difference in prices can influence consumer behaviour. Consumers may change brands, purchase occasions or quantities based on the price.
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