GST Council likely to meet in early September, discuss dispute resolution, rate rejig
New Delhi: Federal indirect tax body, GST Council, is likely to meet early September to consider key issues such as expanding the tax base, issuing clarifications to minimize tax disputes, and evaluating the process of tax rate rationalisation, according to two persons familiar with the development.
Centre and states are looking at 9 September as the possible date for the meeting, one of the persons quoted above said on condition of anonymity.
At the last quarterly meeting of the Council, held in the capital, the federal indirect tax body discussed matters requiring legislative amendments so that they could be included in the Union budget presented on 23 July.
In the forthcoming meeting, to be chaired by union finance minister Nirmala Sitharaman, the Council will take up pending issues such as the need to look into the need for clarifications so that disputes arising from interpretation of the law are minimised, the person said. The Council is likely to look into the practices of specific industries like software exports and airline business, which have recently come into spotlight for the tax notices issued to some of the players. The agenda for the meeting is yet to be finalised.
