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News GST

  • Dec 16, 2014
  • Centre retains veto power in GST council

    In the proposed Good and Services Tax (GST) council, which will have constitutional backing, the Union finance minister will exercise veto power. While the Centre is making last-ditch efforts to get states on board for tabling the constitutional amendment bill for GST in the current session, it has introduced this provision in the Bill, which runs counter to the states’ demand for equal say in the council.

    Source - http://www.financialexpress.com