The GST Council meeting to be held on 17th December gets more attention amidst reports that the Council may expedite the setting up of the GST Council in three months considering the large number of GST disputes and litigations and blockage of revenue due to mass suspension of GST registrations.
A long-standing demand of the industry seems to be close to becoming a reality as sources indicated that the GST Council-nominated Group Of Ministers (GoM), which is headed by Haryana Deputy CM Dushyant Chautala, has submitted the final report on setting up of the Goods and Services Tax Appellate Tribunals (GSTAT).
Earlier, there were reports that after waiting a long five year since the implementation of the GST Act, the Central Government has finally decided to establish the appellate GST tribunal by next year end. According to reports, the Centre is aiming to set up the GST Appellate Tribunals (GSTATs) across the country by December next year with the principal Bench in New Delhi to quickly resolve disputes relating to the key indirect tax, and further improve ease of doing business and boost tax collections.
On August 18, the GoM on tribunals convened by Haryana deputy chief minister Dushyant Chautala finalized that the GST Appellate Tribunal (GSTAT) be set up with a principal bench in New Delhi and similar benches at various other locations.However, it is yet to submit the report to the council.
According to sources, each of these regional benches will consist of a judicial officer equivalent to a high court judge and a senior tax officer, from either the Centre or the state, as a technical member. A state can host a maximum of five benches and the state governments would be given certain relaxation on the nomination of technical members.
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