Like our Facebook Page

news details

GST rollout looks unlikely by April 1, 2017 12/12/2016 11:03:32 PM Agencies NEw Delhi, Dec 12: The Centre and states failed to approve the GST laws on Sunday and agreed to meet on December 22 and 23 to hammer out a consensus, dashing hopes that the crucial bills would be introduced in the ongoing winter session of Parliament and making it tough to meet the April 1rollout date for the goods and services tax (GST) across the country . Finance minister Arun Jaitley said some states had urged that Monday's meeting be deferred as it was a holiday due to Eid-e-Milad and the council agreed to meet later in December. "Today we had a discussion which was exclusively on the legislative drafting. So bulk of the critical provision we have approved today ," Jaitley told reporters after the meeting. "There is one section which needs to be redrafted...one cross empowerment issue which we are leaving aside and therefore the discussion on the legislation and its approval each section is moving satisfactorily. And hopefully in the next meeting we would be able to clear it," he said. The Centre and states have been locked in a logjam over the issue of administrative control after post-implementation of GST. After the Centre's stunning decision on demonetisation, politics seems to have intruded with states like West Bengal arguing that the decision to scrap some high-value notes will impact GST revenues. Tamil Nadu, Kerala and Bihar have also sought administrative control over both goods and services below the Rs 1.5 crore threshold.   Share This News with Your Friends on Social Network     Comment on this Story

top stories of the day

Miscreants steal question papers from school near police station 2 lakh arrest warrants issued in JK every year How powerful XEn gives 'undue' benefits to ex-minister's relatives Self-styled honest BJP leaders being exposed in one after another exposure For kickbacks, JKBOSE goes for excessive purchase of answer sheets 2 IAS officers to go on central deputation MA Bukhari appointed as Chairman BOPEE Cops collect whopping Rs 14 lakh bribe money from a traffic naka Influential DySP under scanner for anti-departmental activities Separatists may end hartal calendar BJP youth leader at loggerheads with party Minister over posting of XEn Committee of ministers to end stalemate over KPS structuring Shaheedi Yaadgar in dilapidated condition Fearing PSA, smugglers protest at Lal Chowk Patient care severely hit in peripheral areas of Rajouri Rural masses of Keran, Karnah denied work, wages Threat from Pak real, after Nagrota terrorist attack Date sheet issued six days before Exam Son of soil brings laurels, steals show Passing-Out Parade Distribution of cheques to POJK families Silencer-fitted weapon used in attack on Army camp in Nagrota

STOCK UPDATE

BSE Sensex NSE Nifty

CRICKET UPDATE