Synopsis Of The 7th GST Council Meet

In a series of Goods and Services Tax (GST) Council meetings, the 7th GST Council meet was conducted on 22-23 December 2016. Amidst the political friction due to demonetisation, the 7th GST Council meet started with the agenda of building consensus on three major GST legislations (Central GST, Integrated GST and the Compensation Law) and sorting out the issue of 'cross-empowerment' (dual control over the assessee). The synopsis of the 7th GST Council meet is given below:

• On the first day of the 7th GST Council meet, the members debated over the provisions of the draft Central/state legislation three legislations mentioned above and parked the contentious issue of cross-empowerment for the second day. Finally, by the end of the meeting, the council reached a broad consensus on the draft of Central and state GST Legislations.