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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 compensate the states to deal with revenue loss estimated at ₹ 90,000 crore post demonetisation. Initially a ₹ 55,000 crore GST compensation fund was proposed to be created by levying cess on demerit or sin goods and luxury items, but post demon .....

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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 consensus on a very important issue that relates to defining of a state. This is 12 nautical miles from the state. Can states charge GST from them or not? Right now states like Gujarat, Karnataka, Kerala, Maharashtra, West Bengal and Odisha are chargi .....

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