|
Gandhinagar, (IANS) 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.
Disclaimer: Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. canaranews.com will not be responsible for any defamatory message posted under this article.
Please note that under 66A of the IT Act, sending offensive or menacing messages through electronic communication service and sending false messages to cheat, mislead or deceive people or to cause annoyance to them is punishable. It is obligatory on CANARANEWS to provide the IP address and other details of senders of such comments, to the authority concerned upon request.
Hence, sending offensive comments using canaranews will be purely at your own risk, and in no way will canaranews.com be held responsible.