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GST: States demand tax on high sea sales, higher compensation

Goods and Services Tax - GST - Dated:- 4-1-2017 - New Delhi, Jan 3 (PTI) In fresh roadblocks to GST rollout, states today demanded taxation rights for sales in high seas and also increasing the number of items on which cess is to be levied to compens .....

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etisation the compensation amount is expected to go up to ₹ 90,000 crore as most states have seen revenue decline of up to 40 per cent, non-BJP ruled states claimed. Also, coastal states pressed for rights to levy GST on trade of goods within 1 .....

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d for including area up to 12 nautical miles in the definition of states within IGST law, a standoff that led to chairman and Union Finance Minister Arun Jaitley agreeing to seek legal opinion on its Constitutional validity. We couldn't reach a c .....

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