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State FMs News

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For the second time in as many weeks, the Centre and states Friday failed to reach a consensus on who will control which set of assessees under GST, a disagreement that threatens to derail the April 1 target for rollout of the new indirect tax regime.
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Jaitley, who has been engaged in back-channel negotiations with Congress leaders, will discuss proposed amendments to the GST legislation passed by the Lok Sabha at the meeting of the empowered committee of state finance ministers.
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"The September 15 meeting of the Empowered Committee will discuss the model draft legislations that will be needed for implementing GST," an official said.
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Finance Minister Arun Jaitley will meet state finance ministers on Friday to elicit their views on the forthcoming budget to be presented in Lok Sabha in February-end.
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Union Finance Minister Arun Jaitley will meet finance ministers from various states on Friday as part of his pre-budget consultations.






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