Keeping fingers crossed on breakthrough in GST Council: Arun Jaitley
Keeping fingers crossed on breakthrough in GST Council: Arun Jaitley
With the fifth meeting of the Goods and Services Tax (GST) Council remaining inconclusive as the impasse over the issue of assessee jurisdiction continued, Union Finance Minister Arun Jaitley on Saturday said he was keeping his fingers crossed.
"The critical issue is of cross empowerment or dual control. Are we close to a resolution? I will still keep my fingers crossed," Jaitley told media persons after the GST Council meet in New Delhi.
ALSO READ: Constitutional compulsion to roll out GST before Sept 16, 2017: Arun Jaitley
"Logjams are created only to be broken. We will discuss it further on December 11 and 12," he added.
The GST Council in the meeting also could not complete the approval process on the four drafts - Central GST, State GST (SGST), Integrated GST and State Compensation Law.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.