Control over territorial waters, inter-state transfers key to GST Bills

The council has sought the views of a law committee on the matter

Settling two contentious issues — definition of territorial waters and administration of inter-state transfers — appears key to the passage of the Goods and Services Tax (GST) Bill in the second half of the Budget session, beginning in the second week of March. 

Issues over compensation law were cleared by the GST Council last week. It will take up the remaining Bills — Central GST, State GST and Integrated IGST — on March 4 and 5. Resolving these issues would make way for the July 1 rollout of the uniform indirect tax legislation.

The Council has sought the views of