Jaitley would chair a meeting of the Empowered Committee of State Finance Ministers.

Later, the state ministers will discuss amongst themselves various issues relating to the implementation of the new indirect regime, sources said.

The government plans to get the Constitutional Amendment Bill on GST passed in the ongoing session of Parliament.

The Bill was introduced in the Lok Sabha in December. The Centre is working towards addressing concerns of all states for rolling out the GST on the scheduled date.

Certain states have argued that the implementation of GST would be beneficial for consuming states, while for their manufacturing counterparts like Maharashtra and Gujarat it could be a challenge.

The Centre and the states are also working on a new Revenue Neutral Rate, which is currently pegged at 27 percent. RNR is the one at which there will be no revenue loss to the states after GST implementation.

The recalculation of RNR is necessary as at present it does not take into account the taxation of petroleum products as also the 1 percent additional tax which states can levy as part of the GST Bill.

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