Centre lists its objections on GST draft paper

New Delhi : The views of the Centre and the states don't seem to be in congruence regarding the modalities of the Goods and Services Tax. The Centre wants a common threshold for both goods and services and a single rate for the Goods and Services Tax. Also, it wants the electricity duty, purchase tax to be subsumed in the GST along with bringing in goods like natural gas, alcohol, diesel and petro products in the ambit too.

These are a few among various other comments and objections the Centre has raised on the first draft discussion paper released by the Empowered Committee of State Finance Ministers regarding the Goods and Services Tax (GST). The Centre is likely to send it soon to the Thirteenth Finance Commission, which is going to submit its report by December 31.

The Centre has clearly stated that the new indirect tax regime would not be possible without a single threshold for both goods and services and the threshold could be anywhere between Rs 10 lakh and Rs 50 lakh, official sources told t2tn.
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