MUMBAI: The Maharashtra government has opposed the abolition of octroi or entry tax for goods to Mumbai once the Goods and Services Tax comes into effect.
State finance minister Sudhir Mungantiwar in a meeting with the Rajya Sabha Standing Committee on Goods and Services Tax (GST) in Mumbai on Thursday said if the Centre insists on removing octroi then it must compensate for the same over the next ten years.
The committee was in Mumbai to hear the views of three states – Goa, Maharashta and Gujarat on GST. “We also pointed out that we are a manufacturing state so we shall further stand to lose as so far we have been imposing tax only on goods. Hence we should be given an additional one per cent increase in remuneration, said Mungantiwar.
Source : times of india