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Goods
and Services Tax
Lok
Sabha
The
budget speech of 2006-2007 contained a proposal to introduce Goods and Services
Tax (GST) with effect from April 01, 2010. It has been reiterated in the budget
speech of 2009-10 that the process for smooth introduction of GST with effect
from April 01, 2010 would be accelerated. The proposed GST is not instead of CST
alone, but would also subsume many other Central and State taxes. The Empowered
Committee of the State Finance Ministers (EC), on the request of Central
Government and after due consultation among States, has prepared a model and
roadmap for the GST. The Central Government has given its suggestions to the EC
on the model. The Centre and the States have agreed upon the basic structure in
keeping with the principles of fiscal federalism enshrined in the Constitution.
The broad contour of the GST model is that it will be a dual GST comprising of a
Central and a State GST.
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Government
of India and the States, including Gujarat, together fund
on equal basis, a nation-wide computerisation project
called "Tax Information Exchange System (TINXSYS)"
to enable exchange of critical data on inter-State sale
among States. To facilitate the development of capability
in States to share their data through TINXSYS, the
Government of India also supports projects for
computerization of various State VAT administrations.
Government of India has sanctioned financial assistance
for projects in the North Eastern States, Himachal Pradesh
and Jammu & Kashmir. The budget for 2009-10 has
provision of Rs408 crore for a Mission Mode Project, to
provide financial support to computerisation needs of the
Commercial Taxes Departments of States.
This information was given by Minister of State for
Finance, Shri S.S. Palanimanickam in reply to a question
raised by Shri P.P. Chauhan in Lok Sabha today.
Source :
Press Information Bureau (press release) - New Delhi,
India,
dated 10/07/2009
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