It may also be given an update on technology preparedness and migration of assessees to new regime
Issac also said that government would take stern action against tax evasion
The Council had on Jan 16 agreed 90% assessees below Rs 1.5 cr turnover will be assessed by states
It could also discuss an anti-profiteering clause that will ensure sharing of benefits of lower taxes by consumers
Council is also likely to finalise the definition of 'agriculture' and 'agriculturist'
To start with, the employees associations will not celebrate international customs day on Friday
Search for consensus on dual control, definition of coastal states on agenda
Makes headway in area-based exemptions, approves procedural rules
Solution to critical issue has eluded consensus over six previous meetings of the GST Council
The government has time till September 16 next year to implement the GST Act
Council to meet again on December 11-12
Statement follows failure of 5th GST Council meeting, as impasse over assessee jurisdiction persists
GST Council fails to break deadlock over control of assessees for the third time in one month
Consensus in sight on cess; dual control hurdle remains
A state can be compensated if revenue under GST falls short of the average tax earnings in best three years out of past five years
The threshold has been fixed at Rs 20 lakh annual turnover; the GST rate and tax slabs would be decided at its three-day meeting beginning Oct 17
It will be chaired by the Union finance minister and have minister of finance or taxation or any minister chosen by each state as its member
The meeting was attended by Finance Minister Arun Jaitley and senior officials of the Prime Ministers Office and finance ministry
Only after its recommendations will the central GST, integrated GST and state GST Bills be taken up