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).
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 it 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.
Advertisement
Advertisement
