However, the net cash outgo will aggregate to only Rs 19,229.61 crore, while the rest of the amount would be matched by savings and enhanced recoveries. The second batch of Supplementary Demands for Grants 2014-15 was tabled in Parliament on Monday by Finance Minister Arun Jaitley.
Revenue Secretary, Shaktikanta Das in an interview to CNBC-TV18‘s Sapna Das spoke about goods and services tax (GST) and central sales tax (CST) dues
The centre is proposing a separate central law which will be autonomous in nature and that could take care of the state‘s demand for an independent compensation mechanism for GST.
The Kirit Parekh panel may recommend an export parity pricing (EPP) for diesel. However, it has rejected the proposal for EPP on kerosene and liquefied petroleum gas (LPG).
Reacting on the Budget, Rajiv Memani, CEO and country managing partner of Ernst & Young said the surcharge of 10 percent imposed on super rich was more than what was anticipated.