Am trying my best to meet April 1 deadline for GST rollout, says Arun Jaitley

Union Finance minister Arun Jaitley today said that he is trying his best to meet the April 1 deadline for the rollout of the Goods and Services Tax (GST).
Arun Jaitley Source: PTI
India TV Business Desk New Delhi December 23, 2016 19:00 IST

Union Finance minister Arun Jaitley today said that he is trying his best to meet the April 1 deadline for the rollout of the Goods and Services Tax (GST).

Jaitley’s remarks came after grave concerns were raised over April 1 as the implementation date during the seventh meeting of the GST Council today.

In the meeting, no consensus could emerge on the issue of dual control or cross empowerment that deals with assessee jurisdiction.

"I am trying my best (on deadline of April 1). I don't want to hasten the process of discussion and don't want to delay the implementation," Jaitley said at a press briefing after the Council meet ended.

The Finance Minister however said: "There was no issue raised on dual control today as we were working on legislations."

The drafts of Central GST (cGST) and the compensation law have been mostly approved with the only portions relating to dual control being left out, he added.

Jaitley said that the two principal issues that still remain before the Council are Integrated GST (iGST) and cross empowerment. 

"In GST, definition of territory of states is pending. And the division of authority between assessing authorities of Centre and states is pending. The two issues will be taken up together at the next meeting on January 3-4," he added.

(With IANS inputs)

Related Tags: Arun JaitleyGST
 
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