The GST Council - Centre has the Veto Power

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Customer Care No. 91-11-45562222
The GST Council - Centre has the Veto Power
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• The Constitutional amendment bill has been
  cleared by both the houses of parliament and now
  states have started to ratify the same with
  amazing speed so now it is sure that GST will be
  a reality sooner or later. It may be introduced
  on 1st April 2017 as declared by the Government
  or may be delayed for 6 months or one year but
  now GST is a reality.
• The GST rates are not fixed and the exemption
  Limit i.e. the threshold is also not declared and
  further the exemption list is not ready coupled
  with some of the major procedural decision and
  the key of all these matters is "GST COUNCIL".
• The Constitutional amendment bill on GST has the
  provision for creation of GST council within 60
  days from the date of commencement of GST
  constitutional amendment bill. This council is
  considered to be a very powerful institution ever
  made in India after independence with respect to
  the decision making power on major economic and
  strategic decisions with respect to Indirect
  taxation system of the country and it will
  recommend on very vital issues on GST.

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• 1. The taxes, cesses and surcharges levied by the
  Union, the States and the local bodies which may
  be subsumed in the goods and services tax.
• 2. The goods and services that may be subjected
  to, or exempted from the goods and services tax.
• 3. Model Goods and Services Tax Laws, principles
  of levy, apportionment of Integrated Goods and
  Services Tax and the principles that govern the
  place of supply.
• 4. The threshold limit of turnover below which
  goods and services may be exempted from goods and
  services tax.
• 5. The rates including floor rates with bands of
  goods and services tax.
• 6. Any special rate or rates for a specified
  period, to raise additional resources during any
  natural calamity or disaster.
• 7. Special provision with respect to the States
  of Arunachal Pradesh, Assam, Jammu and Kashmir,
  Manipur, Meghalaya, Mizoram, Nagaland, Sikkim,
  Tripura, Himachal Pradesh and Uttarakhand.
• 8. Any other matter relating to the goods and
  services tax, as the Council may decide.

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• Everything that is related to the Goods and
  Service tax including the rates, the exemption
  list, the threshold limit will be in the hands of
  GST council so it will be a very powerful body.
  Further the GST council will also recommend the
  date on which petroleum products will be brought
  into the ambit of GST.
• Further the GST Council will have to decide about
  the modalities to resolve disputes arising out of
  its recommendation. This provision has
  strengthened the power of the GST council. The
  GST council yet to be set up hence the modalities
  will be decided later.
• The GST council will be a body comprised of
  central and State representatives and Finance
  Minister of India shall be the chairperson of the
  GST council and Minister of state for finance
  shall also be the member of the GST council as a
  central Government's representative.
• The Finance Minister of each state or any other
  Minister as designated by the state Government
  shall also be the member of the GST council
  representing his state. The designated Minister
  provision is made in the GST council constitution
  due to the fact that in some states the Finance
  portfolio is headed by CM of the state. The state
  representatives will choose the vice chairperson
  of GST council amongst themselves.
• Now it is clear that the GST council will be a
  very powerful body as far as Indirect tax system
  of the country is concerned. Now see how this
  council will take the decision on the matters

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Customer Care No. 91-11-45562222
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