The Empowered Committee of State Finance Ministers will submit its first draft to the Centre on the proposed Goods and Services Tax next week. The report to be submitted to the Finance Minister Mr. Pranab Mukherjee will be placed for public comments.The preparations for the implementation of the direct tax regime are on, even though there could be delay in its introduction from the next fiscal. Some states like Madhya Pradesh and Gujarat have suggested that there should not be any hasty implementation of GST, which would do away with most of the indirect taxes at the Centre and states. States have already decided that there would be two main rates of GST, besides a special rate on precious metals.