Says fiscal consolidation be pushed for later years or formulated from three-year perspective
Raising GST rates or rationalisation of tax slabs may be discussed by the GST Council in the next meeting to be scheduled early next month.
The rates right now are revenue negative and not revenue neutral, he added
Says now onwards GST Council will consider any change in tax rates only once a year instead of in each and every meeting
Let's pretend no more that the system isn't broken. The Centre needs to break heads in the GST Council and work out new slabs and rates (the fewer the better) and make a fresh start, writes T N Ninan
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The panel is also looking at bringing under GST items like foodgrains that faced either value-added tax or purchase tax
The BJP leader said that states were not paid full compensation amount
About three-fourth items in the highest tax slab may move to lower brackets
Mitra argued that the consumer items under the 18 per cent bracket should be brought under the 12 per cent