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New date for GST deferred till month end

The announcement of new date for the roll out of the Goods and Services Tax (GST) was deferred until month-end today as the Finance Minister Pranab Mukherjee is preoccupied with preparations for the next Budget. - Low VAT/GST be imposed on processed food: Sahai - States question 12% GST rate - New GST date likely tomorrow">New GST date likely tomorrow - Ministers" panel points to delay in GST launch - MP to challenge tax base for GST - States meet on GST tomorrow "We will meet by month end and hope to finalise the dates and rates," Empowered Committee of state finance ministers Asim Dasgupta told reporters, amid speculation that GST may not be implemented from April 1, 2010, as was scheduled earlier. After the meeting with Union Finance Minister Pranab Mukerjee, Dasgupta said, "Regarding GST, he (Mukherjee) requested for some more time because of his preoccupation with the preparation of Union Budget. He requested us to come to him for discussion on a little later date within this month," Dasgupta said. Dasgupta had said earlier that states and the Union Finance Ministry would announce new dates for introduction of GST after the meeting. The government has kick started the process of consultations and meetings with various groups for the Budget- 2010-11.


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