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Replying
to the debate in the Lok Sabha on the Union budget for
2009-10, Mr. Mukherjee said: “The introduction of the
GST in 2010-11 is expected to bring a sustained rise in
the tax revenue and here comes [the importance of] the
cooperation of all sides belonging to this House.”
Mr.
Mukherjee noted that he was in touch with the State
finance ministers of the empowered group which is working
in close cooperation for introduction of the proposed GST,
a combined levy that would replace the value added tax
(VAT), excise duty and service tax.
“But
if every section of the House cooperates, it will be
possible for the government to introduce the GST from
April 1, 2010,” the Finance Minister said while pointing
out that the uniform and combined levy would substantially
help in meeting the revenue challenges which are not only
of this government but of the nation as a whole.
Source :
Hindu - Chennai, India,
dated 15/07/2009
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