Placeholder canvas

GST Council Meeting: Deadlock persists between Centre, states over dual control issue

Date:

New Delhi: A day after reaching a consensus on rates, the GST Council on Friday failed to arrive at an agreement over the crucial issue of administrative control over assessees under the new indirect tax regime.

“No decision was taken,” finance minister Arun Jaitley said after the meeting.

He said two models were discussed to divide the administrative control between the union and state governments. One of these was the horizontal model, whereby states will have sole control over entities generating up to Rs 1.5 crore of turnover a year and dual control of the Centre and states over this level.

ALSO READ: India scores Diplomatic victory at the UN, gets more votes than China, Japan at UN election

The other model was vertical whereby both the Centre and states will have control over assessees right from the beginning. This model is called “cross empowerment” too.

Now, the union and state finance ministers will meet on November 20 to thrash out the issue, but it will not be a GST Council meeting. The meeting will try to evolve a political consensus.

The GST Council meetings, earlier called for November 9 and 10, have been put off until November 24 and 25. Those meetings will discuss model GST Bills.

When asked whether the government will be able to meet the April one, 2017 target to roll out GST under this scenario, Jaitley said,”We hope so.”

ALSO READ: NewsMobile EXCLUSIVE: Donald Trump ‘locker room’ conversations, Trump speaks out

The earlier agreement reached between the Centre and states over horizontal model had broken down after states expressed keenness to have control over service tax assessees in certain areas such as entertainment tax.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

Popular

More like this
Related

Fact Check: Mohan Bhagwat-Led RSS NOT Supporting INDIA Bloc

A video alleging that the Rashtriya Swayam Sevak Sangh...

India’s ‘Election King’ Prepares For 239th Bid Despite Record Of Defeats

New Delhi: K Padmarajan, a 65-year-old tyre repair shop...

Robert F. Kennedy Jr Chooses Nicole Shanahan As His Running Mate For 2024 Polls

Nicole Shanahan, 38 is a California lawyer and philanthropist, and brings fresh energy to Kennedy Jr's bid, focusing on issues such as women's reproductive science, criminal justice reform and environment

US Reiterates Call For Fair Legal Process On Kejriwal’s Arrest; Mentions Cong’s Frozen Accounts

New Delhi: The United States reaffirmed its stance on...