Jagmohan Garg News Jaitley at BRICS: GST rate on polluting items may be higher

Jagmohan Garg News

Finance Minister Arun Jaitley. (Photo: PTI)

Within days of India signing the Paris Climate Treaty, Finance Minister today said tax on environment unfriendly products will be “distinct” from others in the forthcoming regime so as to boost funds for climate financing.

“The indirect tax regime that we are planning, the rate of taxation on such products which are going to be environmentally unfriendly would be distinct from the normal rate of taxation. This is one of the proposals being discussed,” Jaitley said ahead of the two-day beginning here tomorrow.

The government is in the process of finalising rates for the Goods and Services Tax.

The country has taxed coal and petroleum products in the past as well, Jaitley said, adding that “resources have to be mobilised from all sources for climate financing so that sustainable development goals can be achieved in a much more concrete manner”.

He said large commitment from…

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