Key GST Council meet postponed to December 2-3
With several states suggesting changes in the model GST law and compensation formula, the GST Council meeting scheduled for November 25 has been postponed to December 2-3.
The officers’ committee of both the Centre and states, however, will meet on November 25 to finalise the three draft legislations -- CGST, IGST and compensation law. These will be placed in public domain for stakeholders’ comments.
The Centre proposes to introduce these legislations as money bills to ensure they are not stuck in the Rajya Sabha where the ruling NDA does not have a majority.
Sources said that since the legal changes in the draft laws would take some time, it was decided to postpone the Nov 25 meeting of the GST Council. “The states have suggested certain changes relating to returns procedures in model GST law. Also, they have asked for changes in wordings in compensation law. We will finalise the three draft laws at the November 25 meeting,” a source said.
The source, however, added that Centre is on track to introduce the legislations in the Winter session of Parliament, which ends on December 16.