GST deadlock worsens due to demonetisation effect on state revenues
Ranjeet Mahtani and Sweta Rajan The Goods and Services Tax Council (Council) met on 3rd and 4th January, 2017. Though some progress has been made at the meeting, various points continue to remain open to discussion. The possibility of missing the 1stApril, 2017 deadline seems greater, even though the next meeting of the Council is scheduled for 16th January, 2017. During the meetings of the Council, the provisions of the model IGST law were discussed, and ten out of eleven chapters were approved. A consensus on the issues of dual control, cross empowerment and jurisdiction (by the Centre or States) over territorial waters (especially in the context of coastal States) continues to prove elusive. On the issue of who (Centre or States) should ...
GST notification doesnt end Govts power to levy excise
Sheela Mamidenna There has been this confusion over the Amendment of Entry 84 of the Union List following which the Centre can levy excise only on petrol, natural gas, crude petroleum, high-speed diesel. The Finance Ministry clarified with a notification saying there is ‘no legal infirmity’ in the notifications issued by the Govt with regard to the GST Constitution Amendment Act. While experts have raised apprehensions about the legality of levying excise duty by the Centre on various goods till the implementation of the GST from April 1, 2017, after the government on Sept 16 notified certain provisions of the Act. The tweet by the Revenue Secretary Hasmukh Adhia put to rest all doubts with regard to the legality of levying the excise ...
