With several states suggesting changes in the model GST law and
compensation formula, the GST Council meeting scheduled for November 25
has been postponed to December 2-3,2016
The officers' committee of both the Centre and states, however, will meet on November 25 to finalise the three draft legislations -- CGST, IGST and compensation law.
These will be placed in public domain for stakeholders' comments.
The Centre proposes to introduce these legislations as money bills to ensure they are not stuck in the Rajya Sabha where the ruling NDA does not have a majority.
The officers' committee of both the Centre and states, however, will meet on November 25 to finalise the three draft legislations -- CGST, IGST and compensation law.
These will be placed in public domain for stakeholders' comments.
The Centre proposes to introduce these legislations as money bills to ensure they are not stuck in the Rajya Sabha where the ruling NDA does not have a majority.
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