What is going to be the likely central GST rate?
How can I say what that rate would be. You know that the 13th Finance Commission has suggested 12 per cent. Is that rate feasible now? I do not think so. Honestly, it has to be somewhat higher. But how much higher will really depend on our discussion with the states. My understanding is that the areas of divergence have shrunk. We have convergence on a wide range of issues. It may not be very difficult to cross the last mile and be able to reach a consensus. But whatever that may be, we have to agree with the states. You are reasonably confident that April 2011 is a feasible date for introducing both the direct taxes code and GST. On DTC, I can tell you what we intend to do now. Our consultations so far have been quite adequate. We have a large number of opinions from all stakeholders. We are consolidating all of this with the objective of bringing out a revised version of the direct taxes code. There are demands from across industries. We intend to bring out a revised paper and go thr
