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Dec 19, 2014
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GST Bill excludes only liquor, proposes all-powerful council
The Constitutional Amendment Bill cleared by the Cabinet on Wednesday excludes only one item — liquor — from the purview of the proposed goods and services tax (GST) and leaves to a statutorily empowered GST council to decide, among other important things, the items on which the tax will apply at any given time.
This means that another amendment to the Constitution will not be required to include petroleum products, real estate transactions and the like in the GST regime, even if the council decides to keep them out initially to accommodate the states’ concerns.
Source -
http://www.financialexpress.com
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