Industry uncertain over Central package

With the Goods and Services Tax (GST) council clarifying that the Centre will pay only 58 per cent of the share of the 2003 Central industrial package, an atmosphere of uncertainty is prevailing over the remaining 42 per cent share. Since the GST, which is slated to be introduced from July 1, will put in place a uniform tax regime, it will pave way for doing away with various central incentives. T…