Flexibility in GST: Centre is not making its case well with state FMs

Given how nearly half the revenues state governments collect come from either petroleum, liquor or stamp/registration charges, it is not surprising they want them kept out of the proposed Goods and Service Tax (GST) framework. Add other charges like octroi and entry taxes, and the opposition of various states, both UPA as well as NDA ones, is more understandable. States have also been protesting a common threshold for both the centre and the states taxing both goods and services, arguing this will bring in millions of small traders into the taxman’s net.

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