The GST council again failed to reach a consensus on the model Goods and Services Tax law on Friday.
The Council will reconvene on Saturday to discuss the law and on the contentious point of dual control of assessees under the new indirect tax regime.
New Delhi: The GST council again failed to reach a consensus on the model Goods and Services Tax law on Friday. The Council will reconvene on Saturday to discuss the law and on the contentious point of dual control of assessees under the new indirect tax regime.
It will also deliberate on impact of demonetisation on revenue. “On duel control there is no consensus so far. It will be taken up tomorrow,” Jammu and Kashmir finance minister Haseeb Drabu said after the meeting, and also expressed hope that April 1 target for the GST roll out is possible. He said the finance ministers discussed State GST law and in Saturday meeting “we would be able to clear large chunks of model GST law”.
( Source : Deccan Chronicle. )
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