Monday, 12 December 2016

No Conclusion Reached on Sunday's GST Council Meeting


The Goods and Services Tax (GST) Council - headed by union Finance Minister Arun Jaitley and which has as members finance ministers of all states - met for four hours on Sunday, but failed to sort out the contentious issue of dual control of assessees. With only three working days left in the current winter session of parliament, the government's mega tax reform GST now faces a real threat of being delayed beyond the roll-out deadline of April 1, 2017.

The *next meeting* has been fixed for *December 22 and 23*