Goods and Services Tax – GST – Dated:- 4-1-2017 – New Delhi, Jan 4 (PTI) The deadlock over the Goods and Services Tax (GST) continued today with the Centre and states refusing to budge from their respective positions on issues like control of tax payers and taxing high sea trade, a stalemate that threatens to delay the rollout till September. The two-day meeting of the all-powerful GST Council, the 8th in a row, made little headway in brokering a solution even as non-BJP ruled states saw September as more likely deadline for the rollout of the indirect tax regime. The next meeting of the GST Council, headed by Union Finance Minister Arun Jaitley and comprising state representatives, on January 16 would discuss the issue of jurisdiction ove
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t 50:50 sharing. There are 4 different rates that have been fixed. Highest bracket is 28 per cent and of this how much will be the Centre and state's share, nowhere in the law it defines and it seems to be taken for granted it is 50:50. Ever since the Independence in the Centre-state financial relation the imbalance has been growing wider and states' rights have been curtailed. That can be corrected by ensuring that state's share in GST will be 60 per cent. Many states also supported this. The Centre did not respond to the demand but it was decided to be discussed later, he said. Isaac said convergence has been growing between the Centre and states. The Centre seems to be in a mood to rethink some of the positions that the Centr
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