India strike two late blows to gain edge over England

untitled-11New Delhi, Nov 20 (IANS) An informal meeting of the Goods and Services Tax (GST) Council here on Sunday remained stalled on the issue of dual control, or cross-empowerment, on who will exercise control over GST assessees — the Centre or the states.

“The meeting has remained incomplete. Discussions will continue on November 25,” Finance Minister Arun Jaitley, who chairs the GST Council, told reporters after an over three-hour-long meeting here with state Finance Ministers.

Under the new pan-India indirect tax regime proposed by GST, states want the right to control all assessees with up to Rs 1.5 crore annual turnover.

At its previous meeting here earlier this month, the GST Council decided on a four-slab tax rate, but the meeting could not arrive at a decision on the issue of dual control.

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