GST Council’s third meeting begins today

NEW DELHI: The Goods and Services Tax (GST) Council will meet from Tuesday to decide on key issues, including GST rates, service tax assessments and compensation

Published on: Oct 18, 2016, 06:37:32 IST

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NEW DELHI: The Goods and Services Tax (GST) Council will meet from Tuesday to decide on key issues, including GST rates, service tax assessments and compensation to states by the Centre. The meeting will also deliberate on the contentious issue of the Centre retaining power to assess 11 lakh service tax filers under the new dispensation. The GST Council, constituted last month, is chaired by Union finance minister Arun Jaitley and includes state ministers as members. Following its second meeting on September 30, when the council approved rules for registration, payments, returns, and refunds under the GST regime. Meanwhile, the BJP-ruled Assam, the first state to ratify the GST Amendment Bill, has started the process for providing registration to taxpayers under GST, which is slated to kick in from April.

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