Ties now at...
"On the conservation and management of the Teesta river in Bangladesh, a technical team will soon visit Bangladesh for talks," he said in his media statement. Under the project, it is envisaged to build large reservoirs and related infrastructure to manage and conserve Teesta river water.
In his remarks, Modi said Bangladesh is India's largest development partner and New Delhi attaches highest priority to its relations with that country.
"We have kept our focus on connectivity, commerce and collaboration," Modi said. "Now we will emphasise more on digital and energy connectivity, " he said.
"To take our economic relations to new heights, both sides have agreed to start negotiations on CEPA (Comprehensive Economic Partnership Agreement)," he added.
"We had extensive discussions on further strengthening defence cooperation, from defence production to modernisation of armed forces," he further said. "We have decided to strengthen our engagement on counter-terrorism, de-radicalisation and peaceful management of borders."
In her remarks, Hasina described India as Bangladesh's major neighbour and a trusted friend.
"Today, we had very productive meetings where we discussed cooperation in areas of security, trade, connectivity, sharing of water from common rivers, power and energy, and regional and multilateral cooperation," she said.
Foreign Secretary Vinay Kwatra on Saturday highlighted the importance of Bangladesh in India's strategic plans for regional cooperation and security stating that neighbouring country is crucial for India's SAGAR doctrine and its vision for the IndoPacific region.
"Bangladesh is a key part of India's SAGAR doctrine and the Indo-Pacific vision. The renewal of the MoU on maritime cooperation and blue economy that was signed in exchange earlier today aims to develop our ocean-based blue economy and maritime cooperation," said Kwatra "The MoU on oceanography will establish a framework for research in that area. The renewal of the MoU on disaster management would help strengthen response and capacity building in this entire domain," he said.
Accommodation Services of up to Rs 20,000 per person per month from GST. This is subject to the condition that these services are supplied for a minimum continuous period of 90 days.
The Council has decided to waive interest and penalties for demand notices issued under Section 73 of the CGST Act (for cases not involving fraud, suppression or wilful misstatement) for the fiscal years 2017-18, 2018-19 and 2019-20, if the full tax demanded is paid by March 31, 2025.
The Council also decided to refer the standing committee's recommendation to exempt GST on fertiliser and cut rates on raw materials to the GoM on rate rationalisation.
Also the Tax Collected at Source (TCS) rate for e-commerce suppliers has been cut from present 1 per cent to 0.5 per cent.
Besides, services provided by Indian Railways to the general public, namely, sale of platform tickets, facility of retiring rooms/waiting rooms, cloak room services and battery-operated car services as well as intra-railway transactions would be exempt from GST.
GST Council has prescribed a uniform rate of 12 per cent on all milk cans meaning steel, iron, aluminum which are irrespective of the use.
The Council also recommended a uniform GST rate of 12 per cent on all carton boxes and cases of both corrugated and non-corrugated paper or paper board.
All types of sprinklers, including fire water sprinklers, will attract 12 per cent GST. Solar Cookers, whether it has a single or dual energy source, too will attract a 12 per cent tax.
The Council also decided that GST antiprofiteering provisions will have a sunset date of April 1, 2025. Current cases and investigations with regard to profiteering complaints will be handled by the Principal bench of GST Appellate Tribunal (GSTAT), instead of the Competition Commission of India (CCI).
Also, the time limit to avail input tax credit w.r.t. any invoice or debit note through any GSTR 3B return filed up to November 30, 2021 for FY 2017-18, 2018-19, 2019-20 and 2020-21, has been fixed at November 30, 2021.
Sitharaman said "I want to reassure the assessees that our intent is to make GST assessees life easier. On behalf of the CGST, notices are not being sent left, right and centre. Only 1.96 per cent of all active tax assessees have been sent notices from Central GST."