The all important GST Council in its seventh meeting has formed principle consensus over 197 sections of CGST/SGST laws. 4-5 issues remained un-resolved. As per sources, these issues require detailed discussion and will be taken up later.
Day 2 of the meeting will see discussion on cross empowerment/ control/ administration, compensation Law and IGST Law.
“We have cleared the Model GST Law, and all the procedural parts…it was discussed line by line…some contentious issues were kept on the side, primarily the issue of cross empowerment, and some issues of IGST,” Jammu and Kashmir Finance Minister Haseeb Drabu said.
“Tomorrow (Friday) what will come up for discussion is compensation. We will also spend some time on IGST, CGST and cross empowerment,” he added.
The government failed to table gst bills in winter session due to lack of consensus on various issues in the gst council which has threatened roll out of GST in April 2017.