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"Well, we were hoping
that it (GST) will come from April 1, but it does not appear that it will be
so," Planning Commission Member B K Chaturvedi told PTI.
He, however, said the proposed indirect tax regime, aimed at doing away with
most of the indirect taxes at the Centre and the states-levels, is likely to be
implemented from the next financial year.
"Most likely it (GST) may come up from the next financial year," he said.
Many states like Madhya Pradesh, Tamil Nadu, Rajasthan and Gujarat are calling
for delaying the introduction of GST against the schedule of April 1, 2010.
The introduction from the scheduled date seems almost impossible, since only a
little over two months are left for it. Moreover, differences between the Centre
and states have also cropped up on the rate structure and inclusion of alcohol,
petroleum items and purchase tax into the proposed tax regime.
The Centre has opposed two rates suggested by states for goods under the
proposed GST.
"There should be a single rate of SGST (state GST). A two rate structure of
goods would pose problems," the Finance Ministry said in its comments on the
discussion paper on GST by the Empowered Committee of State Finance Ministers.
Source:
Business Standard, India, dated
27/01/2010
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