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Difficult to accept Congress' demand to cap GST rate: FM Arun Jaitley

The Congress had asked to cap the rate of GST at less than 20%

Arun Jaitley, Lok Sabha
Finance Minister Arun Jaitley speaks in the Lok Sabha in New Delhi. Photo: PTI
Reuters New Delhi
Last Updated : Mar 17 2016 | 11:30 AM IST
Finance Minister Arun Jaitley said on Thursday that it would be difficult to accept the opposition Congress party's demand to cap goods and services tax (GST) rate in a constitution amendment Bill stuck in Parliament.

The proposed sales tax, India's biggest revenue shake-up since independence in 1947, seeks to replace a slew of federal and state levies, transforming the nation of 1.2 billion people into a customs union.

The Congress party, the original author of the tax reform, has opposed the Bill, calling it "flawed". It wants Jaitley to cap the rate of GST at less than 20%.

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First Published: Mar 17 2016 | 11:28 AM IST

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