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of <h1>Proposal to Tax Services with Negative List Approach to Broaden Base and Implement Nationwide GST: Pros and Cons Explored.</h1> The concept paper discusses the proposal to tax services based on a negative list, following the Finance Minister's suggestion to broaden the tax base and facilitate the implementation of a nationwide GST. A negative list implies that only specified services are exempt from tax, contrasting with the current positive list approach where only listed services are taxed. The paper outlines the pros and cons of both systems, the definition of 'service,' and potential exclusions and inclusions. It also presents an indicative negative list for public debate, considering administrative, welfare, and economic factors, and estimates the revenue impact of the proposed changes.
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