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The
Empowered Group of State Finance Ministers will hold
talks with various stakeholders and then finalise the
GST draft, group chairman and West Bengal Finance
Minister Asim Dasgupta told reporters.
“The responses of the states will be obtained and the
draft will be finalised for discussion. We are trying to
do it by this month-end,” Dasgupta said here after a
meeting with finance ministry officials.
The draft is being prepared by officials from the
finance ministry and revenue departments of the states.
Once the new GST comes into force, excise and services
levied by the central and state governments and other
indirect taxes would become redundant.
The government constituted a joint working group last
month to formulate the draft for the GST.
Source
: SINDH TODAY, India, dated 08/10/2009
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