Thu, Apr 27, 2017 | updated 10:50 AM IST

GST council to meet on Jan 16 to resolve contentious issues: Jaitley

Updated: Jan 04, 2017 20:59 IST      
GST council to meet on Jan 16 to resolve contentious issues: Jaitley

New Delhi [India], Jan.4 (ANI): Finance Minister Arun Jaitley, who held pre-budget consultation with the state Finance Ministers here on Wednesday, acknowledged the difficulty in meeting the April 1 deadline for implementation of the Goods and Services Tax (GST) and expressed hope that all contentious issues would be resolved in the meeting of the GST Council on January 16.

"We know the difficulty, we are moving against time that is why we are meeting on January 16," Jaitley said hours after chairing a pre-budget consultative meeting with the state Finance Ministers here.

Jaitley, earlier on January 1 this year, said that he is hopeful about the GST being implemented in 2017.

"I see 2017 as a year in which GST will be implemented, and a digitized economy will be future of India," he said.

Jaitley also said the definition of territory and dual control are two key issues that are pending, adding the ministry also discussed six economic sectors during the meeting.

"We had a two day meeting of the GST council and a half day meeting of the State Finance Minister today for the purpose of pre budget consultation. Yesterday there were six different sectors of the economy, banking, insurance, aviation, railways, export which amongst others made detailed presentations with regard to the requirements of their sectors before the GST council. Some of them also made the point, particularly the telecom IT industries that they wanted a centralised registration," Jaitley said.

"Most of the states were having very positive attitude and we have started a discussion which was inconclusive and we have decided to meet again on January 16 so we are able to present our own perspective and wish lists of what should be done as far as union budget is concern," he added.

While the stalemate over dual control in GST remained, Jaitley said the council approved initial 10 chapters of Integrated Goods and Services Tax (IGST). Some chapters remain undecided and presentations were being made on six sectors, the Finance Minister added.

"Integrated GST (IGST) has 11 chapters, initial ones have been discussed, few are remaining, because discussion was inconclusive," he added.

The GST Council has earlier on Tuesday discussed issues related to Integrated Goods and Services Tax in a meeting held in New Delhi and chaired by Jaitley. The council has ministers from states as members.

In the meeting, all the coastal states, irrespective of parties' affiliation demanded state jurisdiction up to 12 nautical miles in high seas to levy GST on trade of goods.

The states also demanded increase in the number of items on which cess is to be levied to compensate the states to deal with revenue loss post demonetisation. In the previous meeting held last month, the council had approved the primary drafts of Central GST and state GST laws.

The council had also cleared the basic draft of compensation law under which the states will be fully compensated for any loss of revenue for five years due to the implementation of new direct tax regime.

The compensation to the states will be paid every two months. The Centre is keen to finalise the draft GST legislations to ensure they are tabled in Parliament and state assemblies in the ensuing Budget Session.(ANI)

Rajnath to chair meeting reviewing J-K package implementation

Updated: Apr 27, 2017 10:30 IST     

New Delhi [India], April 27 (ANI): An inter-ministerial meeting will be held today at 11 a.m. to review the implementation of the Rs. 80,000 crore-development package for Jammu and Kashmir as announced by Prime Minister Narendra Modi.

Full Story >>

Amroha (Uttar Pradesh) [India], April 27 (ANI): Another instance of triple talaq has come to light in Uttar Pradesh's Amroha district where a woman named Alka Parvin received divorce papers through speed post.

Full Story >>

New Delhi [India], Apr. 27 (ANI): Prime Minister Narendra Modi on Thursday greeted his eminence Metropolitan Emeritus of the Mar Thoma Syrian Church of Malabar Philipose Mar Chrysostum on the special occasion of his Centenary celebrations.

Full Story >>

J-K: Separatist leader Asiya Andrabi arrested

Updated: Apr 27, 2017 09:34 IST     

Srinagar (Jammu and Kashmir) [India], April 27 (ANI): Separatist leader Asiya Andrabi has been arrested in Srinagar.

Full Story >>

MCD Polls: Congress admits lack of unity led to failure

Updated: Apr 27, 2017 09:29 IST     

New Delhi/Hyderabad[India], April 27,(ANI): Following the party's dismal performance in the Municipal Corporation of Delhi (MCD) polls, the Congress on Thursday admitted that they fought more on individual lines than collectively.

Full Story >>

Ruchir Modi denies role in cancellation of RCA elections

Updated: Apr 27, 2017 09:28 IST     

New Delhi [India], Apr 27 (ANI): Downplaying C.P. Joshi's allegation that the Rajasthan Cricket Association (RCA) elections were cancelled on Lalit Modi's son Ruchir Modi's accord, the latter on Friday denied his involvement in the aforementioned development.

Full Story >>

New Delhi [India], April 27 (ANI): Taking a dig at the opposition after retaining the three municipal corporations in the national capital for the third term in a row, the Bharatiya Janata Party (BJP) on Thursday stated that this victory has put an end to the trend of blame-game.

Full Story >>

Srinagar [India], Apr. 27 (ANI): Two terrorists have been killed, while three soldiers have lost their lives as an Army camp in Kupwara's Panzgam in Jammu and Kashmir is presently under attack.

Full Story >>

JK: Terrorists attack Army camp in Kupwara

Updated: Apr 27, 2017 08:13 IST     

Srinagar [India], Apr. 27 (ANI): A massive gunbattle is underway as terrorists attacked an Indian Army camp in Kupwara's Panzgam in Jammu and Kashmir today.

Full Story >>

PM Modi to inaugurate maiden UDAN flight today

Updated: Apr 27, 2017 07:46 IST     

New Delhi [India], Apr. 27 (ANI): Prime Minister Narendra Modi will inaugurate flights under the Regional Connectivity Scheme

Full Story >>

Ahmedabad (Gujarat) [India], Apr 27 (ANI): In a bid to recycle waste and turn it into something useful, students of the National Institute of Design (NID) here are attempting to develop usable products from scrapped currency notes.

Full Story >>

Siliguri (West Bengal) [India], Apr 27 (ANI): In a successful attempt, the Sashatra Seema Bal (SSB) 41battalion in a joint operation with the Preventive and Intelligence Siliguri unit detained a person who was trying to smuggle an 'Ashtadhatu' (metallic) idol along Indo-Nepal border.

Full Story >>

New Delhi [India], Apr 27 (ANI): Following Pakistan's denial of consular access to Kulbhushan Jadhav, defence experts have expressed strong feeling towards the possibility of the execution of the former Indian naval officer, adding that Pakistan does not honour its commitments towards international obligations.

Full Story >>

Increased vote share shows Delhi's belief in us: Cong

Updated: Apr 27, 2017 06:57 IST     

New Delhi [India], Apr 27 (ANI): Accepting its defeat in the Municipal Corporation of Delhi (MCD) polls, the Congress on Thursday said that increased vote share in their basket as compared to the last elections has proven that the people of Delhi believe in the ideology of the grand old party.

Full Story >>

BJP credits MCD polls clean sweep to PM Modi's credibility

Updated: Apr 27, 2017 06:30 IST     

New Delhi [India], Apr 27 (ANI): Owing their victory to Prime Minister Narendra Modi's credibility, the Bharatiya Janata Party (BJP) on Thursday said called on Delhi Chief Minister Arvind Kejriwal to start paying attention towards getting 'wise'.

Full Story >>

SC to hear WhatsApp Private Policy case today

Updated: Apr 27, 2017 06:30 IST     

New Delhi [India], Apr 27 (ANI): The Supreme Court on Thursday will hear the WhatsApp Privacy Policy case.

Full Story >>

SC to hear Sahara-SEBI refund case today

Updated: Apr 27, 2017 06:28 IST     

New Delhi [India], Apr 27 (ANI): The Supreme Court on Thursday will hear a case involving Sahara chief Subrata Roy and the Securities and Exchange Board of India (SEBI) over a dispute of returning money to its investors.

Full Story >>

SC to continue hearing plea challenging mandatory Aadhaar

Updated: Apr 27, 2017 06:28 IST     

New Delhi [India], Apr 27 (ANI): The Supreme Court will on Thursday continue hearing the plea challenging the government's move to make Aadhaar card mandatory.

Full Story >>

SYL Canal hearing n SC today

Updated: Apr 27, 2017 06:27 IST     

New Delhi [India], Apr 27 (ANI): The Supreme Court on Thursday will hear the Sutlej Yamuna Link (SYL) Canal matter.

Full Story >>

No credibility to former Taliban spokesperson's claim: India

Updated: Apr 27, 2017 00:46 IST     

New Delhi [India], April 27 (ANI): India on Wednesday shrugged off former Tehreek-e-Taliban Pakistan spokesperson Ehsanullah Ehsaan's claim that New Delhi and Afghanistan intelligence agencies gave funds and other assistance to Pakistani Taliban militants to fight Islamabad.

Full Story >>