Many large companies to move Appellate Authority against GST demand notices
In recent days, an increasing number of GST notices have been sent to many companies mainly on account of alleged discrepancy in input tax credit (ITC).
The 21st GST Council meeting, headed by Finance Minister Arun Jaitley, will be held here tomorrow, a senior official said today.
During the meeting, the Telangana government will highlight the demands that it made earlier on the reduction of tax slabs on certain products and services, state principal secretary (revenue) Somesh Kumar said.
“The meeting will be held in Hyderabad tomorrow…Jaitley will be heading the meeting. All the members (ministers of respective states) are going to raise their issues,” Kumar said.
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“Our (Telangana) government is going to raise the issue of tax concession for government projects, besides other subjects such as concession for beedi and granite industries, among others,” he said.
Telangana Finance Minister Etela Rajender will represent the state at the meeting.
This will be the third meeting of the GST Council since the launch of the Goods and Services Tax on July 1, and the 21st since it was set up in September last year.
The council, chaired by Jaitley and having state finance ministers as members, has over the past 10 months ironed out various contentious issues and decided on a four-tier tax structure of 5, 12, 18 and 28 per cent.
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