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States gear up for goods and services tax

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First, such schemes would help shore up state revenues. Tax experts point out that there is a huge pile-up of pending such cases in the states. One to one-and-a-half times of annual tax collections of some of these states are stuck in litigation in various tribunals.”

Amit Kumar Sarkar
Partner, Grant Thornton Bharat LLP

This article appeared in Business Standard on 06th June, 2016