GST As An Transaction According Government - Nov 11, 2008

The Union finance ministry has taken the view that the proposed goods and services tax (GST) would not need to distinguish between goods and services. It looks merely look at the transaction value on which the tax is applied .The ministry also believes that the proposed single, comprehensive indirect tax would be beneficial only if exemptions are very sparingly allowed. Subsume as much extant taxes in it.

In general, the centre is for a more inclusive GST that is non-discriminatory between goods and services or among goods. States, on the other hand, are keen to ensure that their taxation powers won''t be undermined.