For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Parliamentary panel approves GST with amendments

By Religare
|
Parliamentary panel approves GST with amendments
A Parliamentary panel has given the approval to the legislation to expedite implementation of Goods and Services Tax (GST) while suggesting amendments to provisions relating to tax structure and dispute resolution mechanism among others, said a report from PTI.
 

The standing committee on finance presided by Yashwant Sinha said the GST Bill should not include specific aspects relating to tax rates, exemptions, exclusions, thresholds, administrative arrangements etc.

"What should be included in the laws and rules should not form part of the Constitution of India. The present bill relating to GST, in the Committee's view, has not been well drafted from this perspective and therefore require amendments as suggested...", it said.

According to the media reports, the GST dispute settlement authority, the Committee suggested that the proposal should be omitted and the GST Council be empowered to deal with differences among stake holders.

Dion Global Solutions Ltd.

Read more about: gst
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

Find IFSC

We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more