GST Council approves State Compensation Law; To discuss dual control on Jan 3-4

GST Council approves CGST and SGST law comprising of 197 provisions and V Schedules; Also approves State Compensation law, FM Arun Jaitley says that source of compensation contained in current draft law shall be re-drafted and the legally vetted language shall be placed before Council for approval in next meeting on January 3-4; IGST law shall also be discussed in next meeting, which primarily involves two issues - definition of ‘Territory of State’, which is a matter of ...