Full speech: India will have uniform tax, says Arun Jaitley - V6
Sat, Jul 01, 2017, 07:07 AM
Speaking during the launch of Good and Services Tax in the Parliament, Finance Minister Arun Jaitley said that entire country will have uniform taxation system. He stated that the GST was first introduced by the UPA government when President Pranab Mukherjee was Finance Minister based on the report submitted by Vijay Kelkar committee. Based on the representations from the states, the Finance Minister stated that the tax rate on fertilisers was slashed to 5 per cent from 12 per cent and spare parts of tractors to 18 per cent from 28 per cent.