News | |||
Home News Goods and Services Tax - GST Month 5 2015 2015 (5) This |
|||
|
|||
Incentivizing States Under GST Regime |
|||
5-5-2015 | |||
As tax rates during Goods and Services Tax (GST) regime will be closely aligned to the Revenue Neutral Rates (RNR) of the Centre and the States, the revenues of the Central and State Governments will not be impacted in the long run. To help States in the transition phase, the Constitution (122nd Amendment) Bill, 2014, which was introduced in the Lok Sabha on 19.12.2014 for amending the Constitution to facilitate introduction of GST in the country provides for;
This was stated by Shri Arun Jaitley, Union Finance Minister in written reply to a question in the Rajya Sabha today. |
|||