The centre`s proposal to
introduce Constitution Amendment Bill in the current Parliament session to pave the way for rolling out the GST hit a road block, with the BJP-ruled states demanding more time to respond to the draft.
Terming the proposed GST as "anti-democratic, anti-poor and
anti-farmer," Madhya Pradesh finance minister Raghavji today
said the new indirect tax regime is aimed at divesting the
states of their financial freedom.
The government will present its annual Budget on February 26 and was aiming at enacting legislation in the second half of this year for introducing a new Goods and Services Tax (GST), the Finance Minister said on Saturday.
The Orissa government on Wednesday said it was not prepared to implement Goods and Services Tax from April 1 this year and has sought permission from the Centre to re-introduce Purchase Tax on foodgrain.
The finance ministry on Wednesday said the tax burden on people will come down by 25-30 per cent with the introduction of the proposed Goods & Service Tax, which seeks to subsume various levies like excise and VAT.
The Goods and Services Tax, the new tax regime, would have four slabs and they are likely to be unveiled within 15 days, Chairman of Empowered Committee of State Finance Ministers Asim Dasgupta said on Sunday.