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"I
do not find any reason (why GST may not meet the deadline
of April 1, 2010) if each and every section of the House
feels yes it is worthwhile doing it," Mukherjee said
today participating in a debate on the General Budget.
The
proposed GST will replace VAT, excise duty and service
tax. There is an empowered group of state finance
ministers who are working in close cooperation and
Mukherjee is in touch with them.
"If
BJP state finance ministers, if Left state finance
ministers, if other parties' state finance ministers, if
the honorable members belonging to those parties in this
House feel then what will prevent, we will be able to do
it," he said.
Yesterday
in Lok Sabha, he said the introduction of the GST in
2010-11 is expected to bring a sustained rise in the tax
revenue and asked for the cooperation of all.
According
to official estimates, the implementation of GST could
generate additional revenue of over Rs 72,000 crore
annually that could be utilised by the government to
meet financial requirements needed for flagship programmes
of the UPA government.
Source :
Business Standard - Mumbai, Maharashtra, India,
dated 15/07/2009
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