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The 50th Goods and Services Tax Council meeting, which is going to be held by the end of this month, will consider constituting the GST Appellate Tribunal (GSTAT), which will deal with tax disputes and lessen the burden on the highest judiciary.
The constitution of GSTAT has been pending since the launch of the indirect tax regime which will complete its sixth year this July.
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States turned down any move to levy Goods and Services Tax on Aviation Turbine Fuel, a persistent demand from the aviation sector, at the GST Council meeting.
The county’s oil and gas sector seeks supportive regulatory reforms in order to stabilise gas prices by bringing it under the GST, and steps to increase investment opportunities in the exploration of oil in the upcoming Union Budget.
The latest GST figures for Andhra Pradesh and Telangana shows a lacklustre scenario for the Telugu States. Both states have exhibited lower growth rates compared to other southern states in terms of GST collections in Aug.