GST -Govt in favour of cross empowerment without limits

By | November 18, 2016

Govt in favour of cross empowerment without limits

The government is in favour of not splitting jurisdiction over the taxpayers but rather is batting for cross empowerment without limits. The logic offered is that the Centre estimates only 3-5 percent of the tax payers may be audited under the Goods and Services Tax.

The Winter Session of parliament will be mainly focussed on the GST. The revised draft GST model laws were sent to states for comments on Tuesday. The draft GST compensation bill will be sent soon.

The states are in favour of horizontal division of the assessees. However the government is against both horizontal or vertical division of taxpayers. Source – http://www.moneycontrol.com [16-11-2016]

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