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No consensus on tax structure, GST council to meet next month

Revenue Secretary Hasmukh Adhia said that The council has decided to re-discuss the issue and other pending issues regarding the implementation of the new tax system. “It is being completely relooked. The issue is being re-discussed. Whether that threshold should remain

Arnima Dwivedi

Arnima DwivediBy Arnima Dwivedi

Published on 20 Oct 2016 4:55 AM GMT

No consensus on tax structure, GST council to meet next month
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No consensus on tax structure, GST council to meet next month
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New Delhi: The GST council decided to take more time to finalise the proposed four-tier rate structure of Goods and Services Tax (GST). The final meet of the council remained inconclusive as the state and Centre decided to have a relook at the issue of dual control over tax payers of goods and services.

There were differences between the Centre and State governments over the funding mechanism for compensation to states for money loss after the implementation of GST.

The Council will meet next on November 3 and November 4 to work out pending issues.

Revenue Secretary Hasmukh Adhia said that The council has decided to re-discuss the issue and other pending issues regarding the implementation of the new tax system. “It is being completely relooked. The issue is being re-discussed. Whether that threshold should remain or not, that will be decided, in next month’s meet,” said Adhia.

Also Read: GST Meet: Centre proposes 4 tax slabs, an additional cess on sin goods

He further stated, the other pending issue of administrative control of 11 lakh service tax assessees will also come up for discussion in the next meeting of the Council.

Delhi Finance Minister Manish Sisodia said, there was no consensus on the rates and the Council will meet again to decide on the issue of dual control over service tax payers.

Arnima Dwivedi

Arnima Dwivedi

A journalist, presently working as a sub-editor with newstrack.com. I love exploring new genres of humans and humanity.

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