GST- Goods And Service Tax
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GST Council approved formation of GST Appellate TribunalGST council has Approved formation of GST Appellate Tribunal. GSTAT will replace current Central Excise and Services Tax Appellate Tribunal (CESTAT). GSTAT main motive is to offer higher legal forum for the redressal of Tax disputes under new GST Law regime. Council has also notified rules for Tribunal Members and President as per which President will be the Judge of Supreme Court or High Court, who served the post for minimum five years.
GSTAT will have main bence based in Delhi with other 3 regional benches in Mumbai,Chennai and Kolkata. GSTAT formation was excpected since its been a year of new GST Law regime. With GSTAT Assesses and Tax officials both are expected to benefit as if consistency in decisions is maintained, GSTAT rulling will act as Legal Precedents for different GST law disputes.Tribunal will bring about more consistency on issues in the concept of the GST laws.