GST panel to discuss inclusion of petro-products and liquor
20 Sep 2013 10:27 PM GMT
The Empowered Committee of State Finance Ministers on GST in their meeting in November will discuss the Union government's proposal of including both petroleum products and liquor under the ambit of the GST.
'The major change is certain exclusions were made in the original draft, exclusion of certain goods from the GST, like petroleum products and liquor.
'Now the government of India says these goods will come under GST...We have decided that detailed discussion will take place in the next meeting in Meghalaya,' Empowered Committee of State Finance ministers chairman Abdul Rahim Rather told reporters here.In the revised draft of the Constitution Amendment Bill circulated to the states, Centre proposed that these items should not be constitutionally debarred.
The government circulated the revised draft after incorporating the proposals of the standing committee on finance that submitted its report last month.
Rather, who is Finance Minister of Jammu and Kashmir said, the Empowered Committee has decided to set up a sub-committee comprising central and state government officials to reconcile the recommendations of the standing committee, the revised draft of the constitution amendment Bill, and the decisions taken by the states in their meeting in Bhubaneswar in January over the design of Goods and Services tax .
'This sub-committee which we have constituted will go through all the three types of recommendations and come up with their recommendations before the next meeting Empowered Committee of State Finance Ministers,' he said.
Though the states had agreed earlier to include petroleum under Goods and Services tax in the constitution, there was no such agreement on liquor.
'The major change is certain exclusions were made in the original draft, exclusion of certain goods from the GST, like petroleum products and liquor.
'Now the government of India says these goods will come under GST...We have decided that detailed discussion will take place in the next meeting in Meghalaya,' Empowered Committee of State Finance ministers chairman Abdul Rahim Rather told reporters here.In the revised draft of the Constitution Amendment Bill circulated to the states, Centre proposed that these items should not be constitutionally debarred.
The government circulated the revised draft after incorporating the proposals of the standing committee on finance that submitted its report last month.
Rather, who is Finance Minister of Jammu and Kashmir said, the Empowered Committee has decided to set up a sub-committee comprising central and state government officials to reconcile the recommendations of the standing committee, the revised draft of the constitution amendment Bill, and the decisions taken by the states in their meeting in Bhubaneswar in January over the design of Goods and Services tax .
'This sub-committee which we have constituted will go through all the three types of recommendations and come up with their recommendations before the next meeting Empowered Committee of State Finance Ministers,' he said.
Though the states had agreed earlier to include petroleum under Goods and Services tax in the constitution, there was no such agreement on liquor.
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