|
He said the finance
ministry has been coordinating with all state
governments to arrive a consensus on GST. His remarks
come after the Haryana and Orissa governments requested
the Centre to defer introduction of GST.
Bhide, who participated in a discussion on GST organised
by the Federation of Andhra Pradesh Chambers of Commerce
and Industry here, said the central government is
organising various programmes to make aware traders and
the states about the advantages of GST.
"I don't think it is so simple. No state can opt out of
an integrated system. We are trying to convince all the
states by explaining the advantages," Bhide said.
He also said the list of items that would be exempted
from GST would be minimal. There are 330 items from the
Centrals list and 190 from the states list, under the
purview of GST exemption.
On November 10, the states released a discussion paper
prepared by the Empowered Committee of their finance
ministers which said the GST should subsume most central
indirect levies like excise and service tax as well as
state taxes like VAT, making it easier for industry.
According to Sumit Dutt Majumdar, special secretary, MoF,
the ministry was developing an IT-based network for the
inter -state supplies of goods -- Integrated GST (IGST)
and it would be integrated to the networks of all the
states.
Source :
Business
Standard,
India,
dated
13/11/2009
|
