NEW DELHI: For the second time in as many weeks, the Centre and states today failed to reach a consensus on who will control which set of assessees under GST, a disagreement that threatens to derail the April 1 target for rollout of the new indirect tax regime.
After nailing a four-tier rate structure of 5, 12, 18 and 28 per cent, the second-day of the all-powerful GST Council failed to reach a consensus over which category of assessees should be governed by the Centre and which by states.
The November 9-10 meeting of the Council has been called off. It was to finalize the draft law and supporting legislations for subsuming an array of central and state levies including excise duty, service tax and VAT. The finance ministers of states will now meet informally on November 20 to evolve a political consensus on the sticky issue.
The next meeting of the GST Council, headed by Finance Minister Arun Jaitley, has been scheduled for November 24-25. (AGENCIES)
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