Current Affairs in Short: 7 February 2018

Feb 7, 2018 15:51 IST
Current Affairs in Short: 7 February 2018

GST Council recommends relief in GST on Circus, Dance and Theatrical Performances
The GST Council has recommended that the threshold price limit of Admission Ticket for circus, dance, theatrical performances including drama or dance, award functions, pageants, concerts, musical performances, and recognized sporting events may be increased from Rs. 250 per person to Rs.500 per person.

The limit was increased for the purpose of GST exemption on Circus, Dance and Theatrical Performances. The Council has further recommended that admission to planetarium may also been given the benefit of this threshold exemption of up to Rs 500 per person.

The Notification, giving effect to the recommendations of the Council, was issued on January 25, 2018.

GST Council recommends relief in GST on services provided by the Resident Welfare Associations
In its 25th Meeting held on January 18, 2018, the GST Council recommended several measures granting relief from GST on a number of goods and services. One of the important reliefs granted by the Council was on the services provided by the members of a Resident Welfare Association (RWA).

For this purpose, the Council recommended increase in the limit of contribution made by members of a Resident Welfare Association (RWA) from Rs 5000 to Rs 7500 per month per member.

RWAs will be required to pay GST on monthly contribution charged from its members, if such subscription is more than Rs 7500 per month per member and the Annual Turnover of RWA by way of supplying of services and goods is also Rs 20 lakhs or more.

GST rate on admission to amusement parks and ballet reduced from 28% to 18%
The GST Council recommended reduction of GST rate on services by way of admission to Amusement Parks including theme parks, water parks, joy rides, merry-go-rounds, go-carting and ballet from 28 per cent to 18 per cent. These services up till now attracted GST of 28 per cent.

This change came after the council received requests from several quarters that amusement parks promote social wellness and learning for children and their families in a real active entertainment and therefore, the rate may be reduced to 18 per cent.

The notification giving effect to these recommendations of the Council was issued on January 25, 2018.

NHAI to launch pilot project for implementation of “Pay as You Use” Tolling on Delhi-Mumbai Highway
The National Highways Authority of India on February 7, 2018 announced to launch a pilot project for the implementation of the “Pay as you use” tolling on Delhi-Mumbai Highway to study the implement ability of the system in the country.

The pilot project involves implementing a satellite based electronic toll collection system running on GPS/GSM technology for around 500 commercial vehicles on the Delhi Mumbai national highway. The project will run for one year.

Working on a combination of Mobile Telecommunications Technology (GSM) and the satellite-based Global Positioning System (GPS), the proposed tolling system will be able to deduct money from a vehicle account, credit the money to the concessionaire within one day and open the toll gate.

In case of a failed transaction it would be able to alert the toll operator to collect payment manually and not open the gate.

Neelam Kapur took over as Director General of Sports Authority of India
Neelam Kapur on February 7, 2018 took over as the Director General of the Sports Authority of India (SAI).

An Indian Information Service officer of 1982 batch, she has earlier handled important assignments in National Aids Control Organisation (NACO) and headed Directorate of Film Festivals, Directorate of Audio Visual Publicity (DAVP) and Directorate of Field Publicity (DFP).            

During her stint in PIB as Principal Director General, Kapur was the Head of media operations for CommonWealth Games held in New Delhi in 2010.

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