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Fresh Vat Relief Sought

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Anil Sasi BUSINESS STANDARD

States have demanded a fresh compensation package for phasing out central sales tax over the next three years.

While states have agreed on reduction in central sales tax to 2 per cent from 4 per cent at present in the empowered committee meeting on February 8, they have asked the Centre to make good the revenue losses.

The phase-out of central sales tax is the last stumbling block in the countdown for states

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First Published: Feb 18 2003 | 12:00 AM IST

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