States seek more time to study GST, council meet postponed to Dec 2

Categories: GST Recent News
No Comments

gst_goods_and_services_tax_356x200_1300_356

The fifth meeting of the Goods and Services Tax Council got rescheduled to December 2-3, the second time in a month, as states wanted more time to finalise the legalities of the model GST and compensation laws.

The GST Council, comprising the Union finance minister and his state counterparts, were originally scheduled to meet on 9-10, which was later postponed to November 25. Now it has been shifted to December 2-3.

The decision to postpone the GST Council meet of November 25 was taken after deliberation between officers of central and state governments on November 21-22 in which states suggested some changes in the three draft legislations.

“Number of issues were resolved during the two-day meeting. However, the states desired some more time to internally deliberate on revised draft of the Laws within their respective state(s),” a finance ministry statement said.

However, the officers’ committee of both the Centre and states will meet on November 25 to finalise the three draft legislations — CGST, IGST and compensation law– and thereafter place them before the GST Council on December 2-3. Centre had on November 16 circulated these legislation among the states.

“The states have suggested certain changes in the GST law and some wordings in compensation law,” a source said.

The three draft legislations would be put up in public domain for stakeholders’ comments after November 25.

Read more at: http://www.hindustantimes.com/india-news/states-seek-more-time-to-study-gst-council-meet-postponed-to-dec-2/story-OJX7TN2iWmFiGUjowL0uSN.html

CLOSE
CLOSE