Wednesday, 4 January 2017

Dual control, new demerit goods on GST Council agenda today

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The implementation of the Goods & Service Tax (GST) Bill on April 1 is looking highly impossible now. The GST Council in its meeting today is likely to debate on a possible date implementation of the bill. It will also take up the crucial issue of dual control. The council will also discuss fresh list of demerit goods for cess. 

The states are demanding a compensation of Rs 55,000 crore in case of any losses. Sources say that the states will seek to have control over taxes on income below the Rs 1.5 crore threshold. The center is pitching for control over services. The Center will also discuss Budget proposals of states.

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