Sushil Modi to discuss goods and service tax related matters with Pranab Mukherjee
April, 17th 2012
Chairman of the empowered committee of states' finance ministers Sushil Kumar Modi would hold discussions with Union finance minister Pranab Mukherjee on matters related to goods and service tax (GST) in Delhi on Tuesday, specially with regard to ways and means to compensate losses that the states would suffer after GST comes into force.
Modi, who is also Bihar deputy CM, left for Delhi on Monday itself.
Over and above his meeting with Mukherjee, Modi is scheduled to chair a separate meeting of this committee on Wednesday being held to discuss at length the "negative aspects" of the list of service tax imposed.
The Delhi meeting of this committee would have threadbare discussion on the extent of losses that various states would suffer after GST is enforced in the country, and also try to reach an understanding with regard to the ways and means of compensation expected from the Centre to offset the losses.
Besides, the participating finance ministers would review the status of tax collection in respective states