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This Article is From Mar 25, 2015

Hope to Pass GST in 2nd Part of Budget Session: Jaitley

The government hopes to pass a national Goods and Services Tax (GST) in the second half of Parliament's Budget session, Finance Minister Arun Jaitley said on Wednesday.

Hope to Pass GST in 2nd Part of Budget Session: Jaitley
File photo: Finance Minister Arun Jaitley

New Delhi: The government hopes to pass a national Goods and Services Tax (GST) in the second half of Parliament's Budget session, Finance Minister Arun Jaitley said on Wednesday.

Parliament's Budget session is currently under recess and will resume on April 20.

Investors and manufacturers have long advocated the GST as a way to simplify taxes while broadening the tax base, adding as much as 2 percentage points to economic growth in Asia's third-largest economy.

© Thomson Reuters 2015

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