No consensus on dual control; Next Council meeting on November 24-25; Draft legislations by November 14-15

Nov 04,2016

No consensus during GST Council meeting on dual control of assessees; FM Arun Jaitley says “we cannot have 2 assessing authorities competing for the same assessee….there should be clear norms on who should assess whom”; Next Council meeting shall be held on 24th & 25th to approve draft GST legislations, with a ministerial meeting on 20th to meet political consensus; 4 drafts viz. CGST, SGST, IGST & Compensation laws shall be prepared by 14th-15th and States will...

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