Centre mulls revamp of GST Bill

May 08, 2016 12:58 am | Updated 12:58 am IST - New Delhi:

The Constitution (122nd) Amendment Bill needed to roll out the Goods and Services Tax is unlikely to be listed in the Rajya Sabha in the remainder of the current session, a top official source told The Hindu . As a result, the roll out of the GST could get pushed beyond 2017, the source said. One reason the government’s floor managers have not gone all out for a “political deal” with the Congress is a design flaw in the GST in its current form.

Some experts in the government believe that the proposed GST is “undesirable”, a senior government economist told The Hindu . “There is a list of products for which States can go for higher than standard rates….a desirable GST is one that will have uniform rates…this is not going to be possible but we should have fewer rates… The current GST has too many rates…it is not a real GST,” he said.

Though no decision has been taken, the view at the Centre is to go for a “better GST”, the source said.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.