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"The
introduction of the GST in 2010-11 is expected to bring a
sustained rise in the tax revenue and here comes (in the
picture) the cooperation of all sides belonging to this
house," he said in the Lok Sabha while replying to
debate on General Budget.
There
is an empowered group of state finance ministers who are
working in close cooperation and Mukherjee said he was in
touch with them.
The
proposed GST will replace 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," he said, adding that it will
substantially help meet the challenges which are not only
of this government but of the nation.
In
the annual budget on July 6, the government expressed its
commitment to introduce the uniform indirect tax structure
across the country from the next fiscal after consultation
with states.
Source :
Business Standard - Mumbai, Maharashtra, India,
dated 14/07/2009
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