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18 July, 2015

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GST :- Government Open to full compensation to states for 5 years

The government appears ready to accept the demand for full compensation to states for a period of five years after introduction of the proposed national goods and services tax (GST). By acceding to this view among the Rajya Sabha panel scrutinising the constitutional amendment Bill for GST, the government would be closer to getting regional political parties on board for the major tax change.
The Congress party, however, continues to oppose the present Bill and is preparing a dissent note to the report. Left representatives are also likely to dissent on several clauses.


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