November 8, 2012 8:31 PM

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Chidambaram: 2 committees to be formed to sort out issues hampering implementation of GST

Finance Minister P Chidambaram today said that two committees will be constituted to sort out contentious issues that hamper implementation of the Goods and Services Tax (GST).
While one committee will deal with the Central Sales Tax (CST) compensation issue, the other will deliberate on the design of the GST, Chidambaram said after meeting the Empowered Group of State Finance Ministers in New Delhi.

He said while the two sub-committees would be constituted by Empowered Committee Chairman Sushil Modi, the central government would nominate its members to the committee. Revenue Secretary would head both the committees. Our correspondent adds after the two sub-committees finalise their reports, the Union Finance Minister would take up the report. GST, which will empower the Centre and states to simultaneously tax supply of goods and services, was to be introduced from April 2010, but has missed several deadlines.

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