Finance Minister Arun Jaitley said the Government is working on a target date of April 1, 2017 for the rollout of Goods and Services Tax. Speaking at the Fourth Meeting of the Parliamentary Consultative Committee meet, Jaitley said the first meeting of the GST Council was held in a 'very cordial and constructive environment. He also added that the government so far is following the road map for implementation of GST “as per the schedule”. The GST Council is a joint forum of the Centre and the States. The Council will take decisions on important issues like tax rates, exemption list and threshold limits. Some of the major suggestions include need for absolute clarity and transparency with regard to where taxes will be collected, assessed and where the appeal will be filed in case of GST regime..
Finance Minister Arun Jaitley said the Government is working on a target date of April 1, 2017 for the rollout of Goods and Services Tax. Speaking at the Fourth Meeting of the Parliamentary Consultative Committee meet, Jaitley said the first meeting of the GST Council was held in a 'very cordial and constructive environment. He also added that the government so far is following the road map for implementation of GST “as per the schedule”. The GST Council is a joint forum of the Centre and the States. The Council will take decisions on important issues like tax rates, exemption list and threshold limits. Some of the major suggestions include need for absolute clarity and transparency with regard to where taxes will be collected, assessed and where the appeal will be filed in case of GST regime.
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