Centre to fund 800 Cr for computerization of commercial taxes
Samir Sachdeva | February 26, 2010
Centre has approved a mission mode project (MMP) for computerization of commercial taxes in states with an outlay of Rs.1133 crore of which the centre's share is Rs.800 crore. This was stated by union finance minister Pranab Mukherjee in his budget speech, today.
The project will lay the foundation for the launch of GST across the country. The MMP will facilitate the indirect tax administrations at the centre and the states through revamp of internal work processes based on the use of information technology.
“The computerization will facilitate the roll-out of GST by April 2011”, the finance minister said in his budget speech.
Minister also said that another project aimed at greater transparency in tax administration called ACES - automation of central excise & service tax, has already been rolled out throughout the country this year.
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