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One-third State Taxes to be Kept Outside of GST Purview

State Taxes to be Kept Outside of GST Purview

According to a study conducted by Motilal Oswal Securities in 2017, revenue generating sectors such as alcohol, real estate, petroleum and oil and lubricants which make up 37% of state revenues have been kept outside of the purview of the GST regime. The state finance ministers were keen to keep real estate, alcohol and petroleum sectors as these sectors generate huge revenues for the states. Moreover, by making certain adjustments the states can easily meet their revenue targets set in the state budgets.

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