Monday, January 16, 2017

Centre, states end GST logjam, but rollout now in July source Times of Inida

Finally  GST  roll out  will happen in 1st  July 2017  instead of  1st April 2017

GST  council  agreed  on a formula which will see states administer and control 90% of the smaller entities, with the remaining coming under the Centre's purview

issue of levying tax on the high seas - or within 12 nautical miles of the coast -  States  retain power

For entities with annual turnover above the Rs 1.5 crore threshold, the Centre and states will share control equally

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