Haryana finance minister, Ajay Singh Yadav has stressed the need for a two rate GST structure viz lower rate goods and general rate goods as against single rate structure proposed by the revenue department.
The minister, who was participating in the meeting of the empowered committee of state finance ministers held in New Delhi, once again reiterated the claim of the state for adequate and continuous compensation on account of loss of purchase tax on foodgrains under the proposed GST regime.
He said that tax levied by the local bodies should not be subsumed under proposed GST and that tax on alcoholic beverages and on petroleum products should be kept out of purview of GST. Regarding composition and compounding scheme, he was of the view that composition scheme for trades like brick kiln owners (BKOs) and plywood manufacturers should continue under GST regime.