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The first discussion
paper on Goods and Services Tax (GST) would be submitted
to Finance Minister Pranab Mukherjee by the Empowered
Committee of State Finance Ministers on November 10 and
then placed for public comments.
The preparations for the implementation of the direct
tax regime are on, but speculations are rife that there
could be a delay in introduction from scheduled date of
April 1, 2010.
Even Mukherjee had recently said, "I am trying to stick
to the time schedule, but I will not be surprised if
there is slippage of a few months.
Source :
Press
Trust of India,
dated
09/11/2009
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