Consensus eluded on the model GST law on Day 1 of the meeting of the all-powerful GST Council, which will deliberate again on Friday the issue and also try to resolve the contentious point of dual control of assessees under the new indirect tax regime.
The fifth meeting of the Goods and Services Tax (GST) Council, headed by Union Finance Minister Arun Jaitley and comprising state finance ministers, will also deliberate on impact of demonetisation on revenue.
Some state finance minister exuded confidence that it was still possible to implement GST from April 1, 2017, though the Centre is running on a tight time schedule.
“On duel control there is no consensus so far. It will be taken up tomorrow,” Jammu and Kashmir finance minister Haseeb Drabu told reporters after the meeting.