Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram
News

Home News Goods and Services Tax - GST Month 12 2010 2010 (12) This

Mayawati govt's riders for GST roll out

7-12-2010
  • Contents

Lucknow, Dec 7 (PTI) Fixing pre-conditions for enforcing Goods and Service Tax (GST) regime from 2011 in the state, the U.P government today sought an early settlement of its claim for ₹ 2,527.93 crore from the Centre for its roll out.

"Centre should abide by its promise and take decision about early settlement of the state's claim for ₹ 2,527.93 crore, if it was sincere and honest about its intention", state institutional finance minister Nakul Dubey said.

The claim put up by UP, he said, was based on the calculation of loss suffered by it on the Central taxes on account of the Value Added Tax (VAT) regime for the past three financial years of 2007-08, 2008-09 and 2009-10.

Alleging that state's dues remained unsettled despite repeated reminders sent to the Centre, Dubey in a statement said non-payment of these dues had created a "sense of distrust".

Quick Updates:Latest Updates