FM hopes to resolve dual control issue in next GST Council meet on Jan 16

Telecom, IT, banking, insurance industry want centralised registration under GST, he said

Admitting that the Goods and Services Tax (GST) Council was racing against time on its deadline of April 1, Finance Minister Arun Jaitley on Wednesday said the council is hoping to resolve the two vexed issues of Integrated GST (iGST) and dual control in its next meeting on January 16.

"We know the difficulties, we are moving against time. Dual control is a complex issue. We started a decision that was inconclusive. We have decided to meet on January 16 to untie the knots in this issue," Jaitley told reporters here after the two-day GST Council meet.

"We will be meeting to conclude the discussion on the gaps in draft laws. The gaps, are on two issues. The first pertains to the definition of the word territory (in iGST) and the second is on dual control and cross empowerment," he added.
 

He said telecom, IT, banking, insurance industries want centralised registration under GST.

The issue of high seas being part of Centre or state territory is close to resolution and a constitutional solution has to be found, he said. 

"We know the difficulties, we are moving against time," he said on roll out of GST from April 1. 

He said states have been asked to give month-wise tax revenue data to see demonetisation impact on their revenues.