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
5.9 -0.0
Consumer Sentiments Index
Base September-December 2015
92.6 0.0
Consumer Expectations Index
Base September-December 2015
91.9 0.0
Current Economic Conditions Index
Base September-December 2015
93.7 0.0
Quarterly CapeEx Aggregates
(Rs.trillion) Mar 17 Jun 17 Sep 17 Dec 17
New projects 4.06 2.14 1.23 1.12
Completed projects 1.96 0.86 1.05 0.93
Stalled projects 0.74 2.67 0.67 0.93
Revived projects 0.86 0.30 0.29 0.23
Implementation stalled projects 0.33 0.69 0.73 0.58
Updated on: 25 Feb 2018 4:20PM
Quarterly Financials of Listed Companies
(% change) Mar 17 Jun 17 Sep 17 Dec 17
All listed Companies
 Income 10.2 9.7 7.9 11.9
 Expenses 11.9 10.0 9.0 12.9
 Net profit 16.4 -19.8 -16.8 -12.4
 PAT margin (%) 6.0 5.3 5.7 5.0
 Count of Cos. 4,474 4,463 4,442 4,292
Non-financial Companies
 Income 11.8 10.3 7.7 12.7
 Expenses 15.6 10.6 7.5 11.7
 Net profit -2.2 -25.2 -4.2 13.2
 PAT margin (%) 6.1 5.2 6.4 6.6
 Net fixed assets 6.9 9.2
 Current assets 2.7 78.8
 Current liabilities 8.9 11.0
 Borrowings 4.9 10.5
 Reserves & surplus 6.1 5.2
 Count of Cos. 3,457 3,447 3,421 3,336
Numbers are net of P&E
Updated on: 25 Feb 2018 4:21PM
Annual Financials of All Companies
(% change) FY14 FY15 FY16 FY17
All Companies
 Income 10.0 5.4 1.5 6.8
 Expenses 9.9 5.5 1.7 7.1
 Net profit -2.5 0.3 -12.9 22.1
 PAT margin (%) 3.1 3.1 2.8 5.3
 Assets 12.3 9.5 10.1 8.3
 Net worth 9.7 8.5 11.7 7.4
 RONW (%) 6.1 5.9 4.9 7.9
 Count of Cos. 24,633 24,657 22,529 10,919
Non-financial Companies
 Income 9.7 4.6 0.6 6.7
 Expenses 9.4 4.8 0.0 7.6
 Net profit -3.1 -8.1 13.2 15.9
 PAT margin (%) 2.2 2.0 2.5 4.9
 Net fixed assets 11.7 13.3 17.4 7.2
 Net worth 8.3 6.9 12.4 5.4
 RONW (%) 5.0 4.7 5.1 8.5
 Debt / Equity (times) 1.1 1.1 1.0 0.8
 Interest cover (times) 2.0 1.9 1.9 2.7
 Net working capital cycle (days) 69 67 65 52
 Count of Cos. 19,858 20,066 18,861 8,566
Numbers are net of P&E
Updated on: 21 Feb 2018 10:31AM

Data added for HPI at Assessment prices and HPI at Market prices