NEW DELHI: The all powerful GST Council today reached a “broad consensus” on the CGST law, but uncertainty remains on the vexed issue of jurisdiction over assessees under the proposed Goods and Services Tax (GST) regime.
On the first day of the two-day meeting of state finance ministers chaired by Union Finance Minister Arun Jaitley cleared most of 197 clauses of the CGST. It is the seventh meeting of the Council.
“Four-five” issues are left as they require more discussions that have been flagged, sources said.
Tomorrow, the Council would take up the contentious issue of cross empowerment of Centre and states to avoid dual control over assessees in the new indirect tax regime.
Sources further said the IGST which also deals with jurisdiction over tax assessees would be discussed tomorrow. They said the issue requires more discussion as there is diversion of opinion between states and Centre as who will tax which set of assessees. The GST Compensation law is also scheduled for tomorrow. (AGENCIES)