A step ahead in EoDB
Cabinet approves creation of GSTAT The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has approved the creation of National Bench of the Goods and Services Tax Appellate Tribunal (GSTAT). It is a step ahead in the row of ease of doing business (EoDB) in India. The National Bench of the Appellate Tribunal shall be situated at New Delhi. GSTAT shall be presided over by its President and shall consist of one Technical Member (Centre) and one Technical Member (State). The creation of the National Bench of the GSTAT would be a amount of one time expenditure of Rs.92.50 lakh while the recurring expenditure would be Rs.6.86 crore per annum. Goods and Services Tax Appellate Tribunal is the forum of second appeal in GST laws and the first common forum of dispute resolution between Centre and States. The appeals against the orders in first appeals issued by the Appellate Authorities under the Central and State GST Acts lie before the GST Appellate Tribunal,