CS NIFTY FUTURES & BANK NIFTY FUTURES OVERVIEWS - 10 OCT 2017

CS NIFTY FUTURES (OCT) OVERVIEW

TREND BULLISH

RES2:10075

RES 1:10020

SUP1:9965

SUP2:9925

CS BANK NIFTY FUTURES (OCT) OVERVIEW

TREND BULLISH

RES 2:24425

RES 1:24305

SUP1:24125

SUP2: 24075

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Relief for exporters & SMEs as GST Council reduces compliance issues, rates cut on 27 items

The Council approved a proposal that allows small tax payers with a turnover of less than Rs 1.5 crore to file quarterly returns.

The Goods and Services tax (GST) council on Friday cut rates on 27 items and 12 services, and approved sweeping changes in rules to soothe frayed nerves of millions of small enterprises and exporters that have been battling with procedural irritants, delayed refunds and technical glitches on returns filing.

The Finance Minister Arun Jaitley-headed panel pushed for big changes in its 22nd meeting to iron out rough edges of the new tax system that has been hit by multiple pain points since it was rolled out on July 1.

The Council relaxed return filing rules for small and medium enterprises (SMEs), deferred the controversial reverse charge mechanism (RCM) till March 31, 2018, and hastened tax refunds for exporters battling cash crunch.

Jaitley said that the annual turnover threshold on the composition scheme has been raised from Rs 75 lakh to Rs 1 crore.

Under the scheme, traders, manufacturers and restaurants can pay tax at 1, 2 and 5 percent, respectively. The move to widen the turnover threshold is aimed at easing the compliance burden for taxpayers as they will have to file returns only once in a quarter as against monthly returns that needs to be filed by other normal taxpayers.

However, dealers cannot avail input tax credit, unlike a normal taxpayer.

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CS NIFTY FUTURES & BANK NIFTY FUTURES OVERVIEWS - 06 OCT 2017

CS NIFTY FUTURES (OCT) OVERVIEW

TREND BULLISH

RES2:9998

RES 1:9975

SUP1:9825

SUP2:9775

CS BANK NIFTY FUTURES (OCT) OVERVIEW

TREND BULLISH

RES 2:24425

RES 1:24345

SUP1:24002

SUP2: 23825

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Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

CS NIFTY FUTURES & BANK NIFTY FUTURES OVERVIEWS - 04 OCT 2017

CS NIFTY FUTURES (OCT) OVERVIEW

TREND BEARISH

RES2:9845

RES 1:9825

SUP1:9700

SUP2:9675

CS BANK NIFTY FUTURES (OCT) OVERVIEW

TREND BULLISH

RES 2:24175

RES 1:24075

SUP1:23825

SUP2: 23725

 MCX Tips,  Intraday Stock Tips ,  Equity Tips  , Free Trading Tips , Sebi Regsitred Advisory Company

Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
CapitalStars Investment Adviser: SEBI Registration Number: INA000001647