National

Hope to soon resolve issues with GST: Jaitley

Agency | January 11, 2017 12:12 PM

Gandhinagar: Union Finance Minister Arun Jaitley on Wednesday said that he hoped that the critical issues of dual control and cross-empowerment in the Goods and Services Tax (GST) will get resolved over the next few weeks.

"GST Council is deliberative democracy in action. Most of the issues have been sorted. Some critical issues remain and I hope... they will be sorted out," Jaitley said.

He was speaking here at the conference on 'GST: The Game Changer for Indian Economy' organised as a part of the ongoing Vibrant Gujarat Global Summit 2017.

"When GST merges all the taxes and makes India into one entity, it's an advantage to the assessee as there will be no cascading effect of tax and will lead to larger revenues for states," he added.

The next meeting of GST Council is scheduled on January 16, to discuss the critical issues of dual control and cross empowerment which deal with the assessee jurisdiction.

 

Have something to say? Post your comment
Must Read
Aam Admi Party morns demise of Actor and Politician Vinod Khanna
Aam Admi Party morns demise of Actor and Politician Vinod Khanna
Gurdaspur MP and Actor Vinod Khanna passes away
Gurdaspur MP and Actor Vinod Khanna passes away
Film actor and line producer Darshan Aulakh's official website hacked
Film actor and line producer Darshan Aulakh's official website hacked
AAP leaders Sanjay Singh and Durgesh Pathak resign from AAP's affairs in Punjab
AAP leaders Sanjay Singh and Durgesh Pathak resign from AAP's affairs in Punjab
Punjab Armed Police declares results for the post of BPT-2017  PPA/ Phillaur & Armed Police Cadre ( results attached )
Punjab Armed Police declares results for the post of BPT-2017 PPA/ Phillaur & Armed Police Cadre ( results attached )
Capt Amarinder asks Health Minister to initiate steps to issue show-cause notice to Chintpurni
Capt Amarinder asks Health Minister to initiate steps to issue show-cause notice to Chintpurni
BSF Seizes Two KG heroin in Soft Drink Bottle at Indo-Pak Border
BSF Seizes Two KG heroin in Soft Drink Bottle at Indo-Pak Border
Repeated Police transfers demoralizing police- Phoolka
Repeated Police transfers demoralizing police- Phoolka
Mehbooba Govt bans social network for one month to control ‘social’ unrest in Valley
Mehbooba Govt bans social network for one month to control ‘social’ unrest in Valley
Akali Sarpanch beaten to death, Four Congressmen booked
Akali Sarpanch beaten to death, Four Congressmen booked
Revenue officers to inspect field offices to maintain the decorum
Revenue officers to inspect field offices to maintain the decorum
No need to fuel this anymore: Sonu Nigam on azaan row
No need to fuel this anymore: Sonu Nigam on azaan row