Centre to keep GST concessional rate at 6%

Centre to keep GST concessional rate at 6%

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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