Speed Post News Network
New Delhi: Three draft GST related Laws – Model Goods & Service Tax, Integrated Goods and Service Tax (IGST) and Goods & Service Tax (Compensation to the States for loss of Revenue) were discussed at length for two days on November 21 & 22, 2016 at the Officers’ Level Meeting of the states and centre held in the national capital. Number of issues were resolved during the two day meeting. However, the states wanted some more time to internally deliberate on revised draft of the Laws in their respective state.
Another Meeting of the Law Sub-Committee comprising the officers of the states and centre has been now scheduled for November 25, 2016, in Delhi to finalise the draft GST related Laws before placing them before the GST Council.Therefore, the GST Council Meeting scheduled for 25th November 25 has been rescheduled for December 2 and 3, 2016, according to a PIB release.