Business Today
Loading...

State FMs to meet on September 20 on GST

The meeting will discuss the constitutional amendments needed to roll out the proposed Goods and Services Tax from April next year.

twitter-logo PTI   New Delhi     Last Updated: September 15, 2010  | 18:46 IST

The State finance ministers are likely to meet on September 20 to discuss the constitutional amendments needed to roll out the proposed Goods and Services Tax (GST).

"The state finance ministers would meet on September 20 to discuss the re-revised draft of the Constitution Amendment Bill on GST," a source told PTI.

However, according to sources, the meeting is unlikely to yield much results as the BJP-ruled states are firm on their views to oppose the existing structure of the proposed indirect tax regime.

"We do not support the existing structure of GST, as it would hamper the state autonomy. We would oppose it in the present form," Madhya Pradesh Finance Minister Raghavji said.

GST is likely to miss the April 2011 deadline, as the constitutional amendment bill on GST could not be introduced in the monsoon session.

Youtube
  • Print

  • COMMENT
BT-Story-Page-B.gif
A    A   A
close