New Delhi: The seventh meeting of the GST Council on Thursday cleared most of the legislation for the Central GST. “Four to five” issues are left as they need more discussions, which have been flagged, the sources said. “The issue of dual control requires more discussion as there is a divergence of opinion between the states and the Centre on will tax which set of assessees,” they added.
The states have been unrelenting on their position that they get the right to control all assessees with an annual turnover of upto Rs 1.5 crores. Earlier, it was decided that the states would look at goods tax and the Centre at service tax. However, the issue again cropped up as it was realised that there are some industries or people who are registered as both.
States like West Bengal and Kerala, among others, have insisted on exclusive control over the small taxpayers, who earn less than Rs 1.5 crore in annual revenue, for both goods and services. The Centre is ready to accept this on goods, but is not yielding on services. The government has time till September 16 to implement the GST Act.
