|
"We are
trying (to bring in GST) let us see," Mukherjee told
reporters when asked when GST would be implemented.
Inaugurating a meeting of finance secretaries and
finance commissions of states, the minister said he will
conduct a meeting with state finance ministers over GST
in early November.
He said Chairman of the Empowered Committee of State
Finance Ministers Asim Dasgupta holds interaction with
state finance ministers over the issue of GST.
GST is
scheduled to be introduced from April 1, 2010 but some
states like Gujarat and Madhya Pradesh are demanding
that implementation of GST should be delayed.
The proposed indirect tax regime would replace most of
the indirect tax levied by the Centre like excise and
service tax and subsume state-levied taxes like VAT and
local taxes like octroi and purchase tax.
When asked whether states have demanded power to borrow
more from the market, Mukherjee said they have already
been given power to garner money from the market even if
their fiscal deficits are stretched by an additional 0.5
per cent of their states' GDP.
Source
:
Economic Times, India, dated 28/10/2009 |
