The Hindu Business Line : Roadmap for CST phase-out may be discussed at VAT panel meet

THE issue of a roadmap for central sales tax (CST) phase-out is likely to come up for discussion at the VAT panel meeting here on Wednesday even as consensus eluded the States over the compensation and timing of the phase-out or the elimination of the tax that helps track inter-State trade.

At a meeting of the VAT/sales tax commissioners of States here on Tuesday, the absence of consensus among the States on the CST phase-out came to the fore.

While most of the States said they should be compensated for the loss of revenues from elimination or reduction in the CST rate, some felt there was no need to remove or phase out CST.

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Jharkhand, Bihar post worst monsoon records

Mobile network congestion set to worsen: TRAI
Inefficient interconnect system the culprit

Submarine batteries tender — HBL Nife says Navy denied it a fair chance

Roadmap for CST phase-out may be discussed at VAT panel meet

Anil Nanda wants Govt to probe Escorts institute sale

Tech stocks drive Sensex past 8,800 — Rupee touches 9-month low

Sify gets FIPB nod for raising FDI up to 100%

Interest rates likely to harden, says S&P

Pocket