GST council approves SGST and UT-GST bills

Decides to cap sin tax on aerated drinks, luxury cars at 15%

by Janhavi Behere

GST council approved the remaining two bills: State GST (SGST) and Union Territory GST (UT-GST) on 16 March 2017. Earlier, the council had approved the CGST and IGST laws[see]. The council capped cess on aerated drinks and luxury cars at 15 per cent. The cess on pan masala and tobacco has been capped at 135 per cent and 290 per cent, respectively. Finance minister Arun Jaitley said that the cess will be restricted to only five commodities. The laws await Parliament’s approval and the SGST law would require ratification from state assemblies. The council will approve four rules relating to composition, transition, input tax credit and valuation in its next meeting. Fitment of different commodities in the four slabs is yet to be decided.

References
1. http://www.financialexpress.com/economy/sin-tax-gst-council-caps-tax-on-tobacco-luxury-cars-pan-masala-at-15/591074/
2. http://www.livemint.com/Politics/ZZo1GkRidMvvVAm68Y7MHN/GST-Council-caps-cess-on-luxury-goods-aerated-drinks-at-15.html
CMIE STATISTICS
Unemployment Rate
Per cent
3.5 -0.0
Consumer Sentiments Index
Base September-December 2015
97.0 +0.2
Consumer Expectations Index
Base September-December 2015
96.8 0.0
Current Economic Conditions Index
Base September-December 2015
97.3 +0.5
Quarterly CapeEx Aggregates
(Rs.trillion) Jun 16 Sep 16 Dec 16 Mar 17
New projects 1.46 2.38 1.42 2.92
Completed projects 0.91 2.21 0.91 1.77
Stalled projects 1.40 0.64 1.01 0.35
Revived projects 0.40 0.51 0.17 0.62
Implementation stalled projects 0.50 0.37 0.80 0.27
Updated on: 26 Jun 2017 12:20PM
Quarterly Financials of Listed Companies
(% change) Jun 16 Sep 16 Dec 16 Mar 17
All listed Companies
 Income -0.9 2.1 6.2 10.3
 Expenses -0.3 1.9 6.4 11.8
 Net profit -4.0 14.6 38.9 18.2
 PAT margin (%) 6.9 6.9 6.1 6.3
 Count of Cos. 4,519 4,489 4,484 4,288
Non-financial Companies
 Income -2.5 0.6 6.0 11.8
 Expenses -2.9 -0.2 7.4 15.5
 Net profit 9.7 26.7 23.4 -1.0
 PAT margin (%) 7.4 6.9 6.3 6.5
 Net fixed assets -9.2 7.7
 Current assets 8.1 2.5
 Current liabilities 11.6 9.3
 Borrowings 3.1 5.6
 Reserves & surplus 8.4 7.7
 Count of Cos. 3,515 3,491 3,491 3,345
Numbers are net of P&E
Updated on: 26 Jun 2017 12:30PM
Annual Financials of All Companies
(% change) FY13 FY14 FY15 FY16
All Companies
 Income 12.5 9.9 5.0 1.0
 Expenses 12.8 9.8 5.0 1.1
 Net profit 1.1 -2.1 2.0 -11.6
 PAT margin (%) 3.6 3.2 3.3 3.2
 Assets 14.3 12.2 9.3 8.1
 Net worth 9.6 9.5 8.6 7.4
 RONW (%) 6.8 6.2 6.2 5.6
 Count of Cos. 24,675 22,117 21,242 17,323
Non-financial Companies
 Income 11.8 9.6 4.1 0.0
 Expenses 12.2 9.2 4.2 -0.8
 Net profit -8.5 -2.4 -5.0 12.5
 PAT margin (%) 2.4 2.2 2.2 2.9
 Net fixed assets 12.9 11.6 13.0 12.4
 Net worth 7.8 8.6 7.3 6.7
 RONW (%) 5.5 5.1 4.9 5.9
 Debt / Equity (times) 1.1 1.1 1.1 1.0
 Interest cover (times) 2.1 1.9 1.9 2.1
 Net working capital cycle (days) 72 69 66 66
 Count of Cos. 19,170 17,554 16,934 14,134
Numbers are net of P&E
Updated on: 08 Jun 2017 2:48PM

Statistics added under Employment