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Common items between Centre and states - bread, eggs, milk, vegetables, cereals, books and salt - will continue to be exempted.
The government's stated vision is that it wants to make India a manufacturing hub and that is where such a rush or confusing policies don't help, reports Shubhomoy Sikdar.
The GST bill's draft says tax would be levied on Maximum Retail Price
No mention of cab aggregators in GST bills
Room for rise of up to 2 percentage points, move to help meet higher expenditure need in FY17
Consensus seems a problem before the current session of Parliament ends.
A slew of challenges that are yet to be resolved include the lack of consensus between the Centre and states over the GST exemption threshold limit, dual control over scrutiny and assessment
The list of exempted goods from central excise duty has shrunk from 400 items in 2011-12 to 300 now.
Excise exemptions may be whittled in Budget to offset higher govt salaries, pensions
The time the companies have to get ready for GST is 6 to 12 months.
These plans aren't likely to put substantial cash in your hands.
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