Report on Uniform GST Rate By Month End

The government panel set up to suggest a uniform rate of indirect tax under the GST regime will submit its report by this monthend and the roll out of the reform measure is possible any time next fiscal, a senior CBEC official said on Wednesday. CBEC has also suggested to Finance Minister Arun Jaitley to set up consultative bodies in each state in the form of GST Secretariat for better coordination between the Centre and states for the roll out.CBEC member GST V S Krishnan said: “A very high rate could dilute the advantages of GST.There is a committee set up under the CEA which is likely to give its report by month end.“

The Economic Times, New Delhi, 17th Sept. 2015