Purchase tax could be under GST ambit

Written by Tanu Pandey | Tanu Pandey | New Delhi | Updated: Jun 30 2010, 05:22am hrs
Subsuming purchase taxa tax levied by some states on the sale of agricultural productsin GST is next on the Centres agenda. The finance ministry is hopeful that states will agree to subsume purchase tax in GST after a long drawn battle to keep it out of the purview of the proposed indirect tax regime.

We have to talk to four statesPunjab, Haryana, Madhya Pradesh and Andhra Pradeshon purchase tax. We are very hopeful that they will agree to subsume it in GST, a senior finance ministry official told FE.