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

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.

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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.