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  1. With no consensus during two-day meeting, GST Council to meet again on December 11-12

With no consensus during two-day meeting, GST Council to meet again on December 11-12

The Goods and Services Tax (GST) council have decided to meet again on December11-12, after their two day meeting in the national capital ended today without any consensus.

By: | New Delhi | Published: December 3, 2016 6:05 PM
States wanted a discussion on demonetisation which was held separately, says Arun Jaitley. (ANI) States wanted a discussion on demonetisation which was held separately, says Arun Jaitley. (ANI)

The Goods and Services Tax (GST) council have decided to meet again on December11-12, after their two day meeting in the national capital ended today without any consensus. Speaking to the media, after the two day meeting, Union Finance Minister Arun Jaitley said that the agenda for the meeting on December 11-12 is completion of approval of CGST & IGST draft and discuss cross empowerment law, and added that consensus on the issue between states and Centre is quite possible.

States wanted a discussion on demonetisation which was held separately and were suggested to allow some flexibility, the Finance Minister further said. He pointed out that Centre and states have consensus on most issues, but the overall process could take time.

Addressing the media, the finance minister also said that discussions on dual control of assessees remain inconclusive, which would be carried forward in the next GST Council meeting.

He further said that during the meeting some suggestions were given on the critical issue of cross empowerment and also hoped for positive results on GST.

Earlier, Kerala Finance Minister Thomas Isaac asked the centre to change if it wanted to get the bill passed and approved by state governments. He said that the if the ND Government was ready to shift from its stand of cross empowerment then only there would be a conclusion and asserted that there’s no chance of approving the draft law without a consensus.

The council, which is chaired by Finance Minister Arun Jaitley was expected to dwell upon the issue of administrative control of businesses and model GST laws.

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