GST Council to meet over ending deadlock on jurisdiction over assesses
The issue of dual control – whether the centre or the state will have authority on GST assesses— is one of the thorny issues that needs to be ironed out.india Updated: Dec 11, 2016 10:43 IST
The Goods and Services Tax (GST) Council will meet in New Delhi on Sunday to break the deadlock over administrative control on assessees in the new tax regime.
Last week in its meeting, the Council had failed to break deadlock on jurisdiction over assessees.
The issue of dual control – whether the centre or the state will have authority on GST assesses— is one of the thorny issues that needs to be ironed out. Three GST legislations — CGST, IGST and compensation law — need to be finalised after which they will be introduced in Parliament.
The finalisation of these laws will pave the way for introduction of GST legislations in the ongoing winter session of Parliament, which ends on December 16.
Finance minister Arun Jaitley had said the agenda for Sunday’s meeting will be completion of approval of CGST and IGST draft and discussion and resolution of cross empowerment law.
He pinned hopes on a quick resolution of the issue of tax jurisdiction with states.
“We are still targeting April 1, 2017, for rollout of GST. Are we close to a resolution? I will keep my fingers crossed,” Jaitley said after the meeting on December 4.
Jaitley had also said that the Centre and states are working out the mode of tax administration under which a tax payer would be assessed only once and that assessment has to be accepted by both the taxing authorities.
First Published: Dec 11, 2016 10:42 IST