GST Council not to Disturb or Alter Primacy of Legislature in the area of Taxation: FM - Shri Mukherjee calls Upon the State Finance Ministers to make all efforts to meet the timelines of Introduction of GST by april 2011 - FM’s Address at meeting with Empowered Committee of state Finance Ministers

GST Council not to Disturb or Alter Primacy of Legislature in the area of Taxation: FM - Shri Mukherjee calls Upon the State Finance Ministers to make all efforts to meet the timelines of Introduction of GST by april 2011 - FM’s Address at meeting with Empowered Committee of state Finance Ministers https://www.taxtmi.com/news?id=1226 The Finance Minister affirmed legislative primacy in taxation and recast the GST Council's role as a consensus-based forum whose decisions are recommendations to guide rates, exemptions and thresholds rather than bind legislatures. He endorsed creating an independent GST Dispute Settlement Authority, urged finalisation of the Constitutional Amendment as an enabling step while parallel work on rates and IT infrastructure continues, and directed the Joint Working Group to address subsumption of local taxes. On CST compensation, he requested accounting for additional State revenue from agreed VAT rate increases and prompt submission of audit-certified claims. en-us Wed, 18 Aug 2010 18:41:44 +0530 Thu, 05 Feb 2015 12:02:00 +0530 TaxTMI RSS Generator GST Council not to Disturb or Alter Primacy of Legislature in the area of Taxation: FM - Shri Mukherjee calls Upon the State Finance Ministers to make all efforts to meet the timelines of Introduction of GST by april 2011 - FM’s Address at meeting with Empowered Committee of state Finance Ministers https://www.taxtmi.com/news?id=1226 The Finance Minister affirmed legislative primacy in taxation and recast the GST Council's role as a consensus-based forum whose decisions are recommendations to guide rates, exemptions and thresholds rather than bind legislatures. He endorsed creating an independent GST Dispute Settlement Authority, urged finalisation of the Constitutional Amendment as an enabling step while parallel work on rates and IT infrastructure continues, and directed the Joint Working Group to address subsumption of local taxes. On CST compensation, he requested accounting for additional State revenue from agreed VAT rate increases and prompt submission of audit-certified claims. News - Wed, 18 Aug 2010 18:41:44 +0530 https://www.taxtmi.com/news?id=1226