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GST Council meeting inconclusive, state FM’s to meet on Nov 20 to sort out issues

Goods and Services Tax - GST - Dated:- 4-11-2016 - Statement of the Union Finance Minister after the conclusion of second day of the GST council meeting as on 4-11-2016 There will be an informal meeting of the ministers on November 20, primarily aime .....

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was a view that assessees should be divided horizontally with ₹ 1.5 crore be the cut-off base. Under this model, states were to assess businesses with an annual turnover ₹ 1.5 crore, while both the Centre and states were to do so for busi .....

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part of the discussion . The Council s next meeting on November 9-10 has been cancelled. Central and state government officers will prepare the drafts of four supplementary bills dealing with CGST, SGST, IGST and the compensation law. Under the new s .....

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