Centre ‘not adamant’ on GST rates: Meghwal
The Centre was “not adamant” on GST rates and it could be looked at again by the GST Council depending on revenue realisation, Minister of State for Finance Arjun Ram Meghwal said in Kochi on Friday. “We have to see the revenue realisation first. Government is not adamant on the rates. We have a federal structure. We have to take the view of the states also in the GST council,” he said. “You do not worry, the moment we feel that your revenue realisation is better, all other aspects of the rationale to the rate will be taken to GST Council, and will be decided positively in favour of dealers.” “We started in January with digital transaction, advanced the Union Budget, merged the railway budget with the Union Budget, passed the Finance Bill by March31, implemented the GST from July1, have amended the banking regulation system to address the NPA issue. Definitely this year is an year of economic reform,” Meghwal said.