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Rejecting the Congress’ demand to cap the Goods and Services Tax (GST) rate at 18 percent, Kerala Finance Minister Thomas Isaac said he will push for a higher rate, of 22 percent, in the coming months. Issac, who is also a member of CPM Central Committee, told BloombergQuint in an interview that all states have demanded a higher rate in order to minimise revenue losses. He added the April 2017 GST rollout deadline is achievable, but it’s a “tight schedule.”
The Kerala finance minister had advocated a rate of 22 to 24 percent during the meeting on the empowered committee of state finance ministers on July 25.


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 anoop

 Kerala

 09895212229

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