The contentious issue of value added tax was resolved on Tuesday with the state finance ministers deciding to implement from June 1 the new tax system in place of the sales tax.
Fiscal federalism should not be sacrificed at the altar of GST.
A moderate GST rate obviates the need for the two-rate structure.
According to the draft, in the northeastern states the threshold is at Rs 500,000.
Finance Minister Arun Jaitley appealed to parties to rise above partisan considerations to support it.
'Growth is predicated on the misery of large sections of people.' 'Maybe Hindutva will be used to suppress any such unrest.'