GST demand can be paid in instalments

Final draft says deals in states' territorial waters to be treated as intra-state supplies

Tax demand raised by authorities under the proposed Goods and Services Tax (GST) regime can be paid in monthly instalments of up to two years, on a case-by-case basis, in case of financial hardships.

The revised draft GST model Bill, approved by the GST Council on Saturday, gives powers to tax officers to allow a taxpayer to pay dues in a staggered manner if he is facing a financial crunch. The move is aimed at improving the scope of revenue recovery without causing hardships to assessees.

“A provision for payment of tax in instalments has been allowed. Commissioners have been empowered