Business Economy 16 Jan 2017 GST Council meet: No ...

GST Council meet: No sign of meeting April 1 deadline, says Isaaq Thomas

Published Jan 16, 2017, 5:18 pm IST
Updated Jan 16, 2017, 5:19 pm IST
Kerala finance minister Isaaq Thomas.
 Kerala finance minister Isaaq Thomas.

Mumbai: The ninth GST Council meet held at Delhi's Vigyan Bhawan ended without the Council specifying a proper timeline for implementation of Goods and Services Tax.

Monday’s talks failed to reach a breakthrough on contentious issues of cross empowerment and dual control as the states want more power to levy under the ‘One Nation One Tax’ regime.

Kerala Finance Minister Isaaq Thomas was quoted by CNBC-TV18 as saying that both the Centre and the states failed to clinch a deal on dual control under which states want powers to levy with Rs 1.5 crore yearly turnover.

The Council has also not resolved the issue of administrative control.

Thomas added that there was also no agreement over jurisdiction of states on territorial waters. The Centre in its new definition of state under new GST law has proposed to exclude 12 nautical miles of territorial waters from a state’s boundaries.



More From Economy