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Home News Goods and Services Tax - GST Month 11 2010 2010 (11) This

State FMs to meet next month to solve GST riddle

24-11-2010
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New Delhi, Nov 24 (PTI) State finance ministers are scheduled to meet on December 6 to break their deadlock with the Centre on the proposed Goods and Services Tax (GST) to reduce multiplicity of taxes.

They will hold discussions on the requirement of a constitution amendment bill for rolling out the proposed GST, which is all set to miss even the revised deadline of April one, 2011.

"The empowered committee of state finance ministers would meet on December 6 to arrive at a consensus on constitution amendments needed for GST," a union finance ministry official told PTI.

The Centre's proposal for a GST council to effect changes in GST besides a Dispute Settlement Body as part of constitution amendment bill has not been agreed to by some states.

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