State Wants Petrol alcoholic liqueurs out of GST

Empowered Committee of State Finance Ministers unanimously petroleum and alcohol out of the Goods and Services Tax , or GST, has decided to keep . The Committee states that the proceeds of these two products are the key Snot . Both products out of GST decision has been taken on the basis of demand states . The central government 's draft Constitution Amendment Bill before the products were placed under the GST .
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Committee chairman and Jammu - Kashmir Finance Minister Abdul Rahim Rather said that this meeting was a consensus that the petroleum and alcohol field is kept out of the purview of GST . Bring it under the GST on these two states must forfeit substantial part of their income .
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Finance ministers of the two - day meeting on the first day of the St

ates free to determine the loss compensation committee has decided . Rather the compensation of Rs 9,000 crore in the previous budget was . It is clear that states will be compensated appropriately .
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Entry tax on products coming from other states and territories to be included in the GST are also opposed . The Chairman said that the consensus on this is completely contrary to the interests of the federal state structure being made ​​no move will be