Business
Exercise of putting goods in GST tax slabs has begun: CBEC
New Delhi, Dec 8: Confident of the rollout of Goods and Services Tax from April 1, 2017 despite a logjam in the Council on the issue of dual control, the Central Board of Excise and Customs (CBEC) on Thursday said it has started the exercise of putting the goods in the four tax slabs.
"We have started the exercise of putting goods into various tax slabs. It will be shared with the (GST) Council," CBEC Chairman Najib Shah said here at the National Conference on GST organised by the Associated Chambers of Commerce and Industry of India (Assocham).
"I think the deadline of April 1, 2017, will still be met. These (dual control) are issues that are getting addressed and will get resolved," Shah said.
He said the issue of dual control or cross empowerment -- which deals with who will assess the taxpayers, the Centre or states -- should not have taken as much time with the Council as it has.
"It ought not have taken as much time as it has. The dual control should not lead to duel," he added.
The government is very clear on a single administration dealing with an assessee, Shah said.
Confident that these issues will get resolved, he said: "We are hoping to table the GST laws in the current Parliament session."
"I don't know what route the political circles will take. But GST is a reality."
17 hours ago
INANY Conference to Highlight Latest Advances in Stroke, Parkinson’s, and Cancer Care
17 hours ago
Trump claims "massive strike" in Tehran has "terminated" Iranian military leaders
17 hours ago
Iran warns of "radioactive contamination" risk after strike near Bushehr nuclear plant
17 hours ago
Disrupting Kerala: The BJP’s Strategy to Fragment a Political Consensus
17 hours ago
Iran rejects Trump's 48-hour ultimatum as "helpless" and "unbalanced"
17 hours ago
Pope Leo XIV urges world to resist being "paralysed" by war, injustice at Easter Vigil
17 hours ago
BJP MP revives 1957 Kerala elections episode, claims Cong-US collusion to destabilise Communist govt
17 hours ago
Babu Jagjivan Ram's invaluable contribution to nation will always be remembered: PM Modi
17 hours ago
PM Modi to address rally in Cooch Behar as BJP steps up Bengal campaign
17 hours ago
May teachings of Jesus Christ inspire kindness, strengthen togetherness: PM Modi on Easter
17 hours ago
'To my colleagues in AAP, picture abhi baaki hai': Raghav Chadha on Punjab agenda row
17 hours ago
Kerala locals express excitement for Amit Shah's roadshow in Beypore today
17 hours ago
'Why are 3 out of every 5 women still not receiving help?' Rahul Gandhi flags gaps in OSCs
