CGST and SGST primary drafts have been approved, says Finance Minister Arun Jaitley

Finance Minister Arun Jaitley on Friday addressed media after GST Council meet. Jaitley informed that CGST and SGST primary drafts have been approved.

“Dual control and cross empowerment issues still remain. We are making reasonable headway,” said Arun Jaitley.

Earlier, GST Council begun its two-day meeting on Thursday to consider the model GST laws and solve the differences on the vexed issue of jurisdiction over assessees in the new indirect tax regime.

Here are the updates:

# Compensation to states for loss of revenue from rollout of GST to be paid every two months: FM Arun Jaitley

# In the meetings (GST council) on 3rd and 4th in the second half I will also hold budget consultations with state finance ministers: FM Jaitley

# Dual control and cross empowerment issues still remain. We are making reasonable headway: FM Arun Jaitley

# CGST and SGST primary drafts have been approved: FM Arun Jaitley