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GST Appellate Tribunal
Why is it in the news ?
- The Union cabinet approved creation of national bench of Goods and Services Tax Appellate Tribunal.
- The National Bench of the Appellate Tribunal to be situated in New Delhi.
- It would be a quasi-judicial body that will mediate in indirect tax disputes between states and centre.
More about the Tribunal
- The dispute resolution forum would be crucial in the coming months as several states may end up fighting among themselves and with central government over indirect tax revenues.
Functions :
- The Goods and Services Tax Appellate Tribunal (GSTAT) would serve as the forum of second appeals to do with the applicability of GST.
- It will also be the first common forum of dispute resolution between the Centre and the States.
- The CGST Act provides for an appeal and review mechanism for dispute resolution under the GST regime.
- Centre to constitute, on the recommendation of the GST Council, an appellate tribunal for hearing appeals against the orders passed by the Appellate Authority.
Composition :
- The tribunal will be presided over by its president.
- It will consist of a technical member from the Centre and a representative of the States.
Source
The Hindu.