Which of the following statement is incorrect with respect to GST Appellate Tribunal ........

Economic Affairs Tax System

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Which of the following statement is incorrect with respect to GST Appellate Tribunal?

A quasi-judicial body that will mediate in indirect tax disputes between states and centre.

It will also be the first common forum of tax dispute resolution between the Centre and the States.

To be situated in New Delhi.

It will take up direct appeal against the tax dispute.

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Explanation:

Union Cabinet approved the creation of a Goods and Services Tax Appellate Tribunal, a quasi-judicial body that will mediate in indirect tax disputes between states and centre. It 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.

Composition: To be situated in New Delhi, Shall be presided over by its President and shall consist of one Technical Member (Centre) and one Technical Member (State).

Chapter XVIII of the CGST Act provides for an appeal and review mechanism for dispute resolution under the GST regime.

Tax assessment would be done by people below the rank of Commissioner, and the appeals would be with the Commissioner. The Commissioner (Appeals) could then go to the Tribunal.