LDF Government Not Opposing Goods And Services Tax: Kerala Finance Minister

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Kerala Finance Minister Thoams Issac said the Kerala government also proposed to introduce a new version of the ‘Lucky VAT’ scheme, which would be sans coupons.

Thiruvananthapuram:  The CPI(M)-led LDF government today said it was not opposed to Goods and Services Tax, but the state did have some concerns.

“We are not opposing GST. But there are some concerns which will be raised by the state at the appropriate fora,” Finance Minister TM Thomas Issac said.

The minister was replying to questions in the Assembly in this regard.

The long-pending GST Bill, which is aimed at overhauling the taxation system in the country, is expected to be taken up in the Rajya Sabha during the coming Monsoon session due next month.

Mr Issac said the Kerala government also proposed to introduce a new version of the ‘Lucky VAT’ scheme, which would be sans coupons.

Steps would be taken to plug loopholes in leakage in tax collection.

Checkposts would be made corruption free, he added.

Source: http://www.ndtv.com/kerala-news/ldf-government-not-opposing-goods-and-services-tax-kerala-finance-minister-1426193

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