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Removal of Exempted Units for better Input Tax Credit

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The proposal of reducing a majority of the exemptions is a positive step. It will facilitate the free flow of input tax credit. But in our country reducing exemptions requires political will to withstand pressures from lobbies at both the central and state levels. And, it's a tough task. More likely, we will see a gradual reduction in the number of exemptions. #doc
Manoj Kumar

on 13 March 2010

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