Speaking to CNBC-TV18 Haseeb Drabu, Finance Minister of Jammu & Kashmir, expressed hope that the April 1, 2017 deadline will be kept for the GST rollout. He believed that the only issue hanging fire is cross empowerment.
India’s plans to roll out a countrywide Goods and Services Tax (GST) from April 1, 2017 appear increasingly unlikely with the Centre and states failing on Sunday to conclude discussions on several key aspects including the main enabling legislations.
The Finance Minister Arun Jaitley-headed GST Council discussed the drafts of two principal supplementary legislations — the Central GST (CGST) Bill and the State GST (SGST) Bill — in its meeting on Sunday.
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