Hopes of meeting the Centre’s targeted GST implementation deadline of April 1, 2017, receded further in a situation of political confrontation unleashed by its demonetisation measure after the two-day meeting of the GST Council scheduled to end on Monday being cut short half-way.
As per reports, the Goods and Services Tax Council, chaired by Union Finance Minister Arun Jaitley, was originally slated to meet on December 11-12 to sort out the vexed issue of “cross empowerment”, or dual control of assessees under the proposed pan-India indirect tax regime. The solution had eluded a consensus over five previous meetings of the GST Council.
As per reports, the meeting was also expected to finalise three legislations — Central GST, Integrated GST and the Compensation law — with the intent of placing these in Parliament during its ongoing Winter Session that ends on December 16.
As per reports, deadlock continued on the issue of dual control between the Centre and the states, while the next meeting of the Council has been fixed for December 22 and 23.