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GST: FMs may meet to iron out differences with Centre  

The state finance ministers are likely to discuss the divergent views of the Centre on the implementation of the proposed goods and services tax (GST), here on Friday.



 

"The state finance ministers are likely to discuss the comments of the Union finance ministry on various matters where there are some disagreements," sources told PTI.

There are differences on many counts between the states and the Centre, including the GST rate structure. The Centre is against the two rates suggested by the states for goods under GST. "There should be a single rate of SGST (state GST). A two rate structure of goods would pose problems," the Union finance ministry had earlier to the states.

Source: Press Trust of India, India, dated 19/05/2010

 

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