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Centre to keep GST concessional rate at 6%

Centre to keep GST concessional rate at 6%
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First Published: Wed, Jul 21 2010. 04 33 PM IST
Updated: Wed, Jul 21 2010. 04 33 PM IST
New Delhi: The government plans to keep the central good and services tax (GST) concessional rate for goods at 6% in 2011-12, finance minister Pranab Mukherjee said in a speech on Wednesday.
The GST, India’s most ambitious tax reform, was to have been implemented from 1 April, but disagreements with states meant the government could not meet that deadline.
The government hopes to introduce a legislation to usher in GST during the Parliament session that begins on Monday, officials have said.
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First Published: Wed, Jul 21 2010. 04 33 PM IST