The Union ministry of finance is looking at minimising the list of exemptions from the goods and services Tax (GST), the new tax structure which will be introduced from April 1, 2010, according to Sumit Dutt Majumder, special secretary, and member of the Central Board of Excise and Customs.
“There are 300 exemptions on the central excise side and 99 on the value-added tax (VAT) side. Our aim is to cover everything with minimal exemptions and at the same time try to see that all the facilities available now are not denied during the GST regime,” he said.
