(PTI) New Delhi, Dec. 3: The GST Council today failed - for the third time in one month - to break the deadlock over control of assessees under the new indirect tax regime, an issue that has been holding up supporting bills essential for the GST rollout from April 1 next year. Jaitley today said he was keeping his fingers crossed on the resolution of the issue and hoped that the new indirect tax regime would be implemented from April 1. "The critical issue is of cross-empowerment or dual control. We will discuss it further on December 11 and 12," Jaitley told reporters after the fifth meeting of the GST Council here. But since the GST Council cannot discuss the impact of the currency ban on states' revenue, it was discussed at an informal meet after the panel meeting, he said.

Source: The Telegraph December 03, 2016 19:31 UTC