https://www.taxtmi.com/article/detailed?id=2043 Agreement reached for a phased roll-out of GST allowing state opt-out, insertion of a provision in the Amendment Bill, and adoption of a floor rate with a narrow band. A compensation formula for reduction in Central Sales Tax was recommended and budgetary provisioned, while subsumption of many state indirect taxes into GST raises concerns about fiscal autonomy, adequacy of state revenues and need for clear compensation and governance arrangements. en-us Wed, 27 Feb 2013 07:49:37 +0530 Wed, 04 Feb 2015 19:00:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=2043 Agreement reached for a phased roll-out of GST allowing state opt-out, insertion of a provision in the Amendment Bill, and adoption of a floor rate with a narrow band. A compensation formula for reduction in Central Sales Tax was recommended and budgetary provisioned, while subsumption of many state indirect taxes into GST raises concerns about fiscal autonomy, adequacy of state revenues and need for clear compensation and governance arrangements. Articles Goods and Services Tax - GST Wed, 27 Feb 2013 07:49:37 +0530 https://www.taxtmi.com/article/detailed?id=2043