GST Council meeting postponed to 2-3 December
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New Delhi: With several states suggesting changes in the model goods and services tax (GST) and compensation laws, the GST Council meeting scheduled for 25 November has been postponed to 2-3 December.
The officers’ committee of both the centre and states, however, will meet on 25 November to finalise the three draft legislations—centre goods and services tax (CGST), integrated goods and services tax (IGST) and compensation law. These will be placed in public domain for stakeholders’ comments. The Centre proposes to introduce these legislations as money bills to ensure they are not stuck in the Rajya Sabha where the ruling NDA does not have a majority.
Sources said that since the legal changes in the draft laws would take some time, it was decided to postpone the 25 November meeting of the all-powerful GST Council. “The states have suggested certain changes relating to returns procedures in model GST law. Also, they have asked for changes in wordings in compensation law. We will finalise the three draft laws at the 25 November meeting,” a source said.
The source, however, added that centre is on track to introduce the legislations in the ongoing winter session of Parliament, which ends on 16 December. The officers committee would not discuss the issue of cross empowerment to avoid dual control as it would be decided at the ministerial level. Centre had on 16 November circulated the draft legislation among the states. The officers committee in their meeting on 21-22 November discussed the issue, with states giving their views. The Central GST will be framed based on the model GST law. The IGST law would deal with inter-state movement of goods and services.