Goods and Services Tax (GST)

GST Bill proposals get approval from RS Select Committee

  1. Panel supported the compensation of states’ revenue losses for all 5 years and suggested that GST rate should not go beyond 20% as standard and 14% as reduced rates.
  2. It rejected the demand for decreasing Centre’s representation from 1/3rd to 1/4th in GST council.
  1. Panel supported the compensation of states’ revenue losses for all 5 years and suggested that GST rate should not go beyond 20% as standard and 14% as reduced rates.
  2. It rejected the demand for decreasing Centre’s representation from 1/3rd to 1/4th in GST council.
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