GST Council to discuss tax rates, dual control today

November 03, 2016 08:37

With barely a fortnight left for Parliament's Winter Session, the GST Council will begin its crucial 2-day meeting today to decide on tax rate including the levy of cess and sort out the vexed issue of jurisdiction over assessees.

At the meeting, to be chaired by Finance Minister Arun Jaitley, the Centre is likely to press its proposal for 4-tier tax structure of 8, 12, 18 and 26 per cent, the peak rate being for FMCG and consumer durables.

Meanwhile, Minister of State for Finance Arjun Ram Meghwal told PTI that there had been "minor" differences over the issue of cess but expressed confidence that it will be resolved.

He said: "Our effort is to decide on all matters through consensus. We want everyone to come around on all issues... There may be times when Tamil Nadu or Kerala or West Bengal or Uttar Pradesh have said something different but we will get them around.

"We are confident that the GST will be rollout from April 1, 2017...all issues would be sorted out before that."

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