cap on GST rate in statute preposterous Congress Demand

On cap on GST rate, the finance minister does at least say that there would be a cap on the rate but it should not be in the Constitution. Jaitley said no tariff can ever be perpetual



So every time there is a drought, flood and you need to increase the tax rate, you have to first go to all states in India to change the tax rate. This is something which is just not possible," Now if you are wiser just because you are in opposition, the situation has changed. What you have proposed on the file (during P Chidambaram's tenure) I am quite willing to accept that," he said participating in a panel discussion organised by NDTV. Congress leader Kamal Nath, who was in the audience, justified the party's three demands for passage of GST Bill, saying the concept of GST would be defied if one per cent additional tax is imposed.. Jaitley said I have privately conveyed that and I have no hesitation in admitting that publicly," he said. manufacturing states on 1 per cent additional tax. Andhra Pradesh chief minister N Chandrababu Naidu said the industry and the world are waiting for the GST and it should be passed at the earliest. GST is certainly going to come. I have already conveyed to Congress leaders that I am willing to go to the states for the one per cent thing.