State FMs to meet next month on GST

They will hold discussions on the requirement of a constitution amendment bill for rolling out the proposed GST, which is all set to miss even the revised deadline of April one, 2011.

The Centre’s proposal for a GST council to effect changes in GST besides a Dispute Settlement Body as part of constitution amendment bill has not been agreed to by some states.

The official said the Union Finance Ministry is unlikely to agree to do away with GST Council and Dispute Settlement Body, even as Chairman of Empowered Committee of State Finance Ministers Asim Dasgupta proposed so in a meeting in Goa.

“The Centre won’t accept any changes in the basic structure in GST. The functioning of Dispute Settlement Body and GST Council is essential in the functioning of GST,” he added.
The official said it was necessary to pass the Constitution Amendment Bill for implementation of GST.

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