Arun Jaitley to Meet State Finance Ministers In Delhi Wednesday On Implementation Of GST

21 April, New Delhi

Finance Minister Arun Jaitley will meet state Finance Ministers in New Delhi tomorrow-Wednesday to discuss the roadmap for roll out of goods and services tax, GST from April 2016.

Jaitley will chair a meeting of the empowered committee of state finance ministers. Later, the state ministers will discuss among themselves various issues relating to implementation of the new indirect tax regime.

The government plans to get the Constitutional Amendment Bill on GST passed in the ongoing session of Parliament.

The Centre and the states are also working on a new Revenue Neutral Rate, which is currently pegged at 27 per cent. RNR is the one at which there will be no revenue loss to the states after GST implementation.

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