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Jaitley looks to break deadlock at GST meeting today

Goods and Services Tax - GST - Dated:- 16-1-2017 - New Delhi, (PTI) Finance Minister Arun Jaitley will today look to break the deadlock over distribution of powers between centre and states to administer GST, an issue that is holding up launch of the new national sales tax from April. The all-powerful GST Council, headed by Jaitley, will meet for the ninth time today with the issue of who gets to administer the Goods and Services Tax (GST) being the single biggest issue on agenda. The council ha .....

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oped to resolve the pending issues to get the new indirect tax regime rolling from April 1. Most of the issues have been sorted out, some critical issues remain and these critical issues over the next few weeks we will try and solve out, he said last week. We would want it to be implemented from April if all issues are resolved. The GST Council is also to discuss the taxation of trade in territorial waters. Also the corpus to be created for compensating states for loss of revenue from GST rollou .....

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