Tuesday, 3 January 2017

GST Council to take up dual control issue Wednesday

The first of the two-day GST Council meet headed by Union Finance Minister Arun Jaitley concluded today. While constitutional issues relating to integrated GST (IGST) were discussed today, the crucial dual control issue is expected to be taken up Wednesday. Among key topics discussed today was dealing with taxes on territorial waters of India. 

Currently, respective state governments collect taxes on goods carried by ships within 12 nautical miles from the coast. Objecting to the State government’s stand, the Centre argues it has exclusive right to legislate or impose tax on goods within the territorial waters as it belongs to the country as a whole. Legal opinion has been sought to break the logjam.

No comments:

Post a Comment