GST in dilemma 0%/100% 70

GST in dilemma

Written by Aravind   |   Posted: 12/12/2016 10:17 AM IST

Both the Centre and states failed to a consensus and approve the GST laws  and had agreed to meet on December 22 and 23, dashing the hopes that the crucial bills will be introduced in the ongoing winter session of Parliament and made it tough to meet the 1 April 2017 rollout date for the goods and services tax (GST) across the country.

"Today we had a discussion which was exclusively on the legislative drafting. So bulk of the critical provision we have approved today ," Jaitley told reporters after the meeting. "There is one section which needs to be redrafted...one cross empowerment issue which we are leaving aside and therefore the discussion on the legislation and its approval each section is moving satisfactorily. And hopefully in the next meeting we would be able to clear it," Finance minister Arun Jaitley said after the Sunday’s meeting.

"Well, that issue did not co me up for discussion today because today's agenda was taken up exclusively by the legislation and that's an issue which is still flagged and still pending. I have various options ready for discussion and as and when it is discussed we will place those options before the council," Jaitley said, when inquired whether the issue of dual control was discussed.

"I told you after the last meeting also our target is the 1st of April. The luxury of time is not available to us for the simple reason that if 1st April is the first possible day it can be implemented, then the last date also is constitutionally defined as 16th of September 2017," the FM said.

By Premji

NOTE: We inform you that we are not owner of any of the products, images or any other products displaying on our website. But all the articles are written by us and we owned them. If you found any image or product that found under your copyrights then please feel free to CONTACT US. We will remove that image or product as soon as possible. All the images are collected from Google.

If you enjoyed this Post, Sign up for Newsletter

(And get your daily news straight to your inbox)

Rate This Article

(0 votes)
Tags : goods and services tax  GST  Finance minister Arun Jaitley  

ALso Read icon