GST Council had its meeting yesterday
regarding the administrative control of taxpayer between centre and state government,
but no consensus was achieved. The issue of paramount importance was put at the
back-burner and was kept for discussion today i.e. 03.12.2016. Without the
consensus being reached on this critical issue, it is unlikely that government
will table the GST Bills in the Parliament. Finance Minister himself said that
we have to roll out GST maximum by September 16, 2017 beyond which it would be
difficult to levy present indirect taxes. Only 9 days are left for current winter session and it is unlikely that the bills will be presented. Such a hesitation of the finance head
of the nation is surely a red sign that GST is set to get deferred for another
6 months from its targeted date of 01.04.2017.
Looking at the issues GST has apart from the
drafting errors, it seems that the government should pull up its socks and try
to resolve them. Legislature and drafting can be kept for a later stage, what
is important is that the issues between the centre and states should be
resolved first. Without such resolution path for rolling out GST seems
difficult.
by:
Keshav R Garg
(B.Com, FCA, CS,
ISA (ICAI))
Faculty for GST:
Indirect Tax Committee of ICAI
Author: Bharat's
GST Ready Reckoner
A Handbook on GST
Adviser for GST:
Industries Association of Chandigarh
Member: Indirect
Tax Committee of CII, PHDCCI, MyGst.MyTax Foundation
Address: 3328,
Sector 27 D, Chandigarh, India - 160 019
Phones:
+91-172-461-3328, +91-98880-90008
Mails: mygst.mytax@gmail.com, keshavgarg@kdai.in
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