<b>Sumit Dutt Majumdar</b>: Posers on GST left unanswered

Customs duty was either reduced or removed for some components and raw materials

In the Budget, the finance minister expectedly spoke about GST being a great indirect tax reform to be implemented soon.
 
It was, therefore, hoped that he would give certain directions showing the convergence of central excise and service tax with GST. That would have prepared everyone for the new tax regime.
 
Certain technical issues relating to GST are yet to be finalised. These include identification of goods and services that would fall under different tax rates. There was no such proposal. Further he could have given relief to service tax payers by enhancing the threshold to Rs 20