This could be the first instance of a GST Council official being arrested by the CBI
FM Arun Jaitley will be asked to join in, through video-conferencing
Arun Jaitley will chair the 17th meeting of the GST at Vigyan Bhavan
IGST to also be exempted on any mode of conveyance from one location to another of same entity
Wants to be treated as a unified entity to avoid multiple registrations
Under the new tax, rates will range from 5 to 28%, with 12% and 18% being the standard rates
GST Council has already approved 5 sets of rules relating to registration, payments, refund, invoice and returns
GST Council caps cess on luxury goods at 15%, to be charged over and above standard GST rate
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