CST PHASE OUT TO MISS DEADLINE.
The Central Sales Tax phase out plan misses a crucial deadline with both central and state government failing to converge on the compensation package. As per the plan, CST which was
reduced from April 1, 2007, is further slashed by 1% further to 2% as envisaged in the Finance
Bill 2008. State finance ministries are scheduled to hold discussion with Union finance
minister P Chidambram on April 8.
reduced from April 1, 2007, is further slashed by 1% further to 2% as envisaged in the Finance
Bill 2008. State finance ministries are scheduled to hold discussion with Union finance
minister P Chidambram on April 8.
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