All States to get the benefit of additional 1% tax on GST

25-April-2015
All States to get the benefit of additional 1% tax on GST

New Delhi : The Centre has clarified that all States will be eligible to get a share of the additional one per cent tax proposed to be levied under the Goods and Services Tax (GST).

The Centre aims to introduce this new indirect tax regime from April 1, 2016.

The Constitution Amendment Bill makes every State eligible to get money from the proposed additional tax, said a senior Finance Ministry official after the Empowered Committee meeting of State Finance Ministers.

Source : dailyshippingtimes.com

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