No consensus at GST Council, next meet on 11-12 December: Kerala FM

The GST Council on Saturday failed to reach consensus on the contentious issue of dual control and will meet again on 11 and 12 December to hammer out the differences.

PTI December 03, 2016 19:16:51 IST
No consensus at GST Council, next meet on 11-12 December: Kerala FM

New Delhi: The GST Council on Saturday failed to reach consensus on the contentious issue of dual control and will meet again on 11 and 12 December to hammer out the differences.

"There is no consensus... we were not able to arrive at a consensus regarding the cross empowerment model. Therefore, the GST laws could not be completed. No compensation law is
taken up, but the formula has arrived and we will rediscuss them," Kerala Finance Minister Thomas Issac told reporters in New Delhi after the two-day meeting.

The next meeting of the Council, according to an official, will be on 11 and 12 December.

The fifth meeting of the Goods and Services Tax (GST) Council, headed by Union Finance Minister Arun Jaitley and comprising state finance ministers, ended on Saturday.

The Centre intends to implement GST from 1 April next year. Due to Constitutional compulsion, the GST has to be rolled out by 16 September, 2017, as the existing indirect taxes will come to an end and it would not be possible for either the Centre or states to collect the taxes.

The GST Council is supposed to finalise the model GST, Integrated GST (IGST) and compensation laws.

Updated Date:

Find latest and upcoming tech gadgets online on Tech2 Gadgets. Get technology news, gadgets reviews & ratings. Popular gadgets including laptop, tablet and mobile specifications, features, prices, comparison.

also read

The Friday List: From a talk on Rajasthan's storytelling tradition to a discussion on lesser known Indian queens, your weekly calendar of virtual events
Arts & Culture

The Friday List: From a talk on Rajasthan's storytelling tradition to a discussion on lesser known Indian queens, your weekly calendar of virtual events

Every Friday, we'll bring you a curated list of online experiences — performances, talks, tours, screenings — to mark on your weekly calendar.

Enforcement Directorate arrests Yes Bank co-founder Rana Kapoor in fresh case of money laundering
India

Enforcement Directorate arrests Yes Bank co-founder Rana Kapoor in fresh case of money laundering

Kapoor, 63, was already in judicial custody after he was arrested by the Central probe agency in March in connection with alleged financial irregularities

Rajnath Singh speaks to US counterpart Lloyd Austin, reiterates committment to deepen defence ties
India

Rajnath Singh speaks to US counterpart Lloyd Austin, reiterates committment to deepen defence ties

In October, India and the US signed the Basic Exchange and Cooperation Agreement agreement, which provides for sharing of high-end military technology, logistics and geospatial maps