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 21st – 22nd November, 2016 in the Officers’ Level Meeting of the States and Centre held in national capital. Number of issues were resolved during the two day meeting. However, the States desired some more time to internally deliberate on revised draft of the Laws within their respective State(s).

Another Meeting of the Law Sub-Committee comprising of the officers of the States and the Centre has been now scheduled for 25th November, 2016 in Delhi in order to finalise the draft GST related Laws before placing them before the GST Council.

Therefore, the GST Council Meeting scheduled for 25th November, 2016 has been rescheduled on 2nd-3rd December, 2016.

Goods and Services Tax drafts undergo further intergovernmental review, prompting rescheduling to finalise the draft laws. Rescheduling of the GST Council meeting follows extended intergovernmental drafting and review of three draft statutes: the Model Goods & Service Tax, the Integrated Goods and Service Tax (IGST), and the Goods & Service Tax (Compensation to the States for loss of Revenue). Officers of the States and the Centre engaged in a two day meeting and resolved multiple issues, but several States requested additional time for internal deliberation; a Law Sub Committee was convened to finalise drafting prior to Council consideration.