Headline • Bollywood celebs urges their fans to donate for Kerala flood• Kerala flood: Death toll rises to 324, fresh red alert in 13 districts of Kerala• Former PM Vajpayee cremated with full state of honours in Smriti Sthal• People pays tribute during Varanasi's ganga arti to Former PM Atal Bihari Vajpayee• Bollywood celebs took twitter to express their pain on Former PM's demise • Mortal remains of Former PM Vajpayee being taken to Smriti Sthal • As a mark of respect, several states declares public holiday on Atalji's demise• Neighbouring country Pakistan pays tribute to Former PM Atal Bihari Vajpayee• Huge crowd gathers at BJP HQ, pays tribute to the mortal of former PM Vajpayee• PM Modi, Rahul Gandhi and others visited Vajpayee's residence, pays tribute• The Former PM and BJP stalwart Atal Bihari Vajpayee dies at 93• Truck crushes bike rider to death in Uttar Pradesh• Gujarat's Sterling Biotech owner held in Dubai for 5000 cr fraud case• Gold and Satyameva Jayate records their highest day 1 collecttion, at the box office• Former Indian test captain Ajit Wadekar passes away at 77• School van carrying 25 childrens over-turns in farm, in Hamirpur• In Kaabul suicide bombing, 47 died and 67 injured• Vajpayee's condition worsens, leaders continue to visit ailing Former PM AT AIIMS • Kerala flood: death toll rises to 72,Kochi airport shut for four days• Kerala on red alert: CM Vijayan asks Rajnath for additional teams of Army, NDRF• Former PM Atal Bihari Vajpayee's condition critical, put on life support system• United States praises India for becoming a leading Global power• First poster of Kangana's "Manikarnika" is out on Independence day• In UP students of Islamic institute hosts flag on Independence day• CM Rawat hosts National flag on 72nd independence day in Uttrakhand


 Finance Minister Arun Jaitley on Wednesday tabled the GST Bill in Lok Sabha as the crucial debate on landmark tax reforms legislation Goods and Services Tax bills began. 

Highlights:

* The GST bill is different because we are creating by law a jurisdiction simultaneously in the Centre and the state. In the process, handing over the indirect tax administration to the first federal institution that India has created, where the Centre and the state both will participate.

* 12 meetings of the GST Council were held to make it a process based on consensus and recommendations.

* It is a revolutionary bill which will benefit all.

* Current indirect tax regime being replaced by new mechanism under GST that will be run by new federal system.

* States have pooled in their sovereignty into the GST Council, and Centre has done the same.

* Need to maintain delicate balance of Centre, states in the GST Council

* Compensation under GST ensures that there is no additional burden, by keeping tax liability at existing level.

 

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