Business
GST deadlock ends; FM Arun Jaitley says dual control issue resolved, 1 July roll out likely
As per the understanding between the centre and states, 90 percent of the GST taxpayers with up to Rs 1.5 crore turnover will be assessed by states, while 10 percent will be assessed by the centre. As far as those above Rs 1.5 crore turn over is concerned, the assessment will be done on a 50:50 basis between centre and states.
Business
GST Council to discuss crucial issue of dual control on Friday
The solution to the critical issue has eluded consensus over six previous meetings of the GST Council.