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GST deadlock continues over dual control high sea taxes

Goods and Services Tax - GST - Dated:- 4-1-2017 - New Delhi, Jan 4 (PTI) The deadlock over the Goods and Services Tax (GST) continued today with the Centre and states refusing to budge from their respective positions on issues like control of tax payers and taxing high sea trade, a stalemate that threatens to delay the rollout till September. The two-day meeting of the all-powerful GST Council, the 8th in a row, made little headway in brokering a solution even as non-BJP ruled states saw Septemb .....

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rticipation in Integrated GST (IGST). Working overtime, it should be possible to meet the deadline of September. I am not very optimistic about rolling GST out in June/July. Because it is a new tax and lot of complexity involved, it would be better to move in after full preparation. So GST, to my understanding, will be implemented from September, he said. Isaac said some states wanted the GST revenue from the highest tax bracket to be shared in 60:40 ratio with the Centre, instead of the present .....

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