SME Times News Bureau | 11 Jan, 2017
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.
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