TS Finance Minister Etela Rajender to attend crucial GST meeting

Finance minister Etela Rajender will leave for New Delhi on Monday morning to take part in the crucial meeting of finance ministers on the integrated GST convened by the Union Minister for Finance Arun Jaitley.

He will be accompanied by the Commissioner of Commercial Taxes, Anil Kumar, and some other officials. The meeting is aimed at ironing out contentious issues with regard to the ‘dual control’ – the current system of imposition of tax by the Centre as well as the States on assesses in areas such as entertainment.

Similarly, a decision is also expected on the issue of IGST, the integrated GST law that deals with taxing inter-State movement of goods and services. Both the



issues eluded consensus in eight of the meetings held so far by Union Finance Minister Jaitley.

The finance ministers of all the States have been pleading with the Centre to leave the task of GST collection to the States, at least in respect of the establishment with a maximum turnover of Rs 1.5 crore.Prior to the introduction of the Integrated GST and Central GST bills in the budget session of Parliament scheduled to commence on January 31, the Centre needs to come out with a decision that would be acceptable to the States.

The constitutional amendment makes it mandatory for the new tax regime to be in place by September 16, 2017.