GST Council to meet officials of six crucial sectors today
Goods and Service Tax (GST) Council chaired by the Finance Minister Arun Jaitley, to hold a meeting with the representatives of six crucial sectors, like IT, telecom, banking and insurance, on Tuesday.
The meeting will be to assess the implementation of the new GST regime. Moroever, the officials of Civil Aviation and Railways will show a presentation at the two-day long GST Council meet, a PTI report said.
The meeting which will start from today will be held in New Delhi.
This is the eighth meeting by the GST Council. The first meeting took place on September 22, 2016 and the last one happend on December 23, 2016.
After the last meeting, Jaitley had said, that the Council has made a 'reasonable headway' on supporting legislations and a discussion on Integrated GST law will take place in the next meeting. GST dual control and cross empowerment will also be discussed in this meeting.
In the last meet, the Council had finalised the compensation rules along with the Central Goods and Service Tax (CGST) clauses. CGST, is one of the three categories under Goods and Service Tax (CGST, IGST and SGST) with a concept of one tax one nation. CGST falls under Central Goods and Service Tax Act 2016.