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Participating
in a conference on “GST for accelerated economic growth
and competitiveness,” organised here by the Madras
Chamber of Commerce and Industry and the Assocham, he said
a centralised GST model was not feasible, while a dual
model could be considered for the medium term.
“Eliminate
anomalies”
K.
Vaitheeswaran, advocate and tax consultant, said: “The
present anomalies in Value Added Tax (VAT) have to be
eradicated, and there must be a seamless credit system
under VAT and service tax. This will facilitate the
adoption of a uniform GST in the entire country.”
He
recommended that the adjudicating and collecting
authorities should not be clubbed in the GST regime.
Rajeev
Ranjan, Commercial Taxes Secretary, who returned to the
city on Wednesday after attending the meeting of the
Empowered Committee of State Finance Ministers in
Chandigarh, said there was a consensus among the members
to follow a dual model on the GST, which he said would
replace the unfair cascading double taxation system.
R.
Sekar, Commissioner of Customs, said the need of the hour
was to sensitise people to the GST. The GST, he felt,
would have a major impact on the Centre-State relations.
Source
: The Hindu, India, dated 07/11/2008
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