As per the roadmap to GST roll out, government planned to finalise GST laws before the conclusion of winter session and present the bills. However, in previous GST Council meetings, consensus on dual control could not be established.
On the GST Bills front, only 99 sections have been discussed until now. IGST Law and Compensation law is yet to be discussed. This bump in the road to GST has ignited several speculations on delay in GST roll out.
However, to bring this back on track, GST Council meeting was called on December 22-23. Here’s what can be expected from 2 day meeting starting tomorrow:
1. Finalisation of GST Bills
2. Achieve consensus on dual control/ administration
Few days back, Mr Jaitley said “Are we close to a resolution? I’ll keep my fingers crossed,” when asked whether the Council would be able to reach a consensus on key issues to enable the country to migrate to the new tax regime from April 1.