Thursday, November 13, 2014

Common Market for Inter-state Free Trade on the Cards - CST, Octroi, Entry Tax to go

The NDA government is planning to set up a constitutional body to dismantle taxation barriers and create a 'Common National Market' for the entire country to ensure free movement of goods across state borders. A commission will be tasked with dismantling taxation barriers such as tax on inter-state trade of goods (CST) and Octroi or entry tax. Further it will have to design policy interventions to address market failures and identify obsolete legislation which should be repealed.

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