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Published on Sat, Dec 20,2014 | 12:11, Updated at Sat, Dec 20 at 12:11Source : CNBC-TV18
It's hot off the press! Just hours ago the parliament tabled the GST Constitutional Amendment Bill. It's a Bill that makes important concessions to state governments. Alcohol is out of the GST. And petroleum products are in…but out. That is they will not be subject to any levy till further notification. Compensation to the States may extend to 5 years and…there's a twist in the tale - for two years an up to 1% tax will be levied on goods by the Centre and assigned to States. You know what they about well begun and half done? Well today we find out whether this version of the GST is well begun or half undone? CNBC-TV18's Menaka Doshi puts that question to Lakshmi Kumaran of Lakshmi Kumaran & Sridharan and Rajeev Dimri of BMR.
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