Centre should bear the financial losses of GST implementation: S.K. Modi

PTI Updated - August 23, 2011 at 05:59 PM.

The Centre should bear the financial losses of states which would be implementing GST Act, chairman of empowered committee of finance ministers of states on Goods and Services Tax(GST) and Bihar deputy chief minister Mr S K Modi said on Tuesday.

“There are several states which are opposed to various provisions of the proposed legislation,” he told newsmen here. The GST bill is pending with the Standing Committee in Parliament, he added.

Published on August 23, 2011 11:58