India Inc not in favour of dual GST: Deloitte survey
Press Trust of India / New Delhi Oct 13, 2009, 14:53 IST
The industry is not in favour of two rates for the proposed Goods and Services Tax at the Centre and the state level, a study has found.
"More than two-third of respondents are not in favour of dual GST. About 75 per cent of respondents for telecom, transport and logistics segments are not in favour of dual GST," Deloitte said in a pre-GST survey released here.
The Empowered Committee on GST headed by West Bengal Finance Minister Asim Dasgupta has agreed to a dual structure of the proposed indirect tax regime, which is likely to be introduced from April 2010.
The new tax regime would do away with most of the indirect taxes levied at the Centre like excise and services tax, and VAT and Octroi at the State level.
The survey also pointed out that the introduction of dual GST with the few states not coming on board on April 1, 2010 is a distinct possibility that is not fancied by many respondents.
The survey includes 304 respondents across various industry segments.
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