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."

13 hours ago
Kamala Harris Interview Controversy: Trump Receives Crores in Settlement from Paramount Over Lawsuit

14 hours ago
Melania, her parents should be on first boat: Deportation petition targets US first lady, questions Trump's naturalized citizen policy

14 hours ago
IDF says thwarted arms-smuggling attempts near border with Egypt

14 hours ago
Pakistan: Blast kills four, injures 11 in Khyber Pakhtunkhwa province

15 hours ago
Israel agreed to finalise 60-day ceasefire in Gaza, says Donald Trump

15 hours ago
Netanyahu's trial testimony postponed amid US visit for high-level security, hostage talks

15 hours ago
Trump warns 'spoiled' Japan may face steep US tariffs, trade deal uncertain

17 hours ago
Can Rahul Gandhi redefine Opposition leadership? A look at his first year as LoP

17 hours ago
Rahul, Priyanka to lay foundation stone for 100 houses in Wayanad

17 hours ago
Bomb threat at Coimbatore Collectorate triggers high alert; security ramped up

17 hours ago
Mysterious illness affects over 120 schoolchildren in Gujarat; officials clueless about cause

17 hours ago
Former Kerala CM Achuthanandan's health continues to be serious

17 hours ago
Five flights diverted due to bad weather at Hyderabad Airport