Zee Media BUreau
New Delhi: States have opposed the Centre's revised GST draft, Chairman of Empowered Committee of State FMs said on Thursday.
The Centre is working towards rolling out the GST from April 1, 2016, and is in discussion with states to insulate their revenues from the impact of the GST.
The GST will subsume indirect taxes like excise duty and service tax at the central level and VAT and local levies on the states front.
Once the issues are resolved the Centre can come up with the legislative calender.
The GST Constitutional Amendment Bill, which was introduced in the Lok Sabha in 2011, had lapsed and the NDA government will be required to come up with a fresh bill.
States have been demanding that petroleum, alcohol and tobacco be kept out of the purview of the GST.
The GST roll out has missed several deadlines because of lack of consensus among states over certain crucial issues on the proposed new tax regime.
With agency inputs
