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Govt hopes to break GST deadlock today

By The Assam Tribune
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NEW DELHI, Jan 15 - Finance Minister Arun Jaitley will tomorrow look to break the deadlock over distribution of powers between the 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 tomorrow with the issue of who gets to administer the Goods and Services Tax (GST) being the single biggest issue on agenda.

The council has been deadlocked in the last four meetings, the last one being on January 4, with states seeking sole powers to control assessee with annual turnover of up to Rs 1.5 crore. The Centre, however, is not in favour of a horizontal split as it feels states do not have the expertise to administer levies like service tax.

Jaitley is also not in favour of dual agencies auditing and scrutinising each taxpayer as he reckons multiple authorities could end up acting at cross-purposes. He had last week hoped 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 rollout may figure in tomorrow�s meeting, sources said. � PTI

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Govt hopes to break GST deadlock today

NEW DELHI, Jan 15 - Finance Minister Arun Jaitley will tomorrow look to break the deadlock over distribution of powers between the 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 tomorrow with the issue of who gets to administer the Goods and Services Tax (GST) being the single biggest issue on agenda.

The council has been deadlocked in the last four meetings, the last one being on January 4, with states seeking sole powers to control assessee with annual turnover of up to Rs 1.5 crore. The Centre, however, is not in favour of a horizontal split as it feels states do not have the expertise to administer levies like service tax.

Jaitley is also not in favour of dual agencies auditing and scrutinising each taxpayer as he reckons multiple authorities could end up acting at cross-purposes. He had last week hoped 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 rollout may figure in tomorrow�s meeting, sources said. � PTI