DTC to be put on finance ministry website: Chidambaram

Finance minister P Chidabaram on Monday said that the Direct Taxes Code (DTC) will be put on the website of the ministry for a public discussion without partisanship or acrimony.

Finance minister P Chidabaram on Monday said that the Direct Taxes Code (DTC) will be put on the website of the ministry for a public discussion without partisanship or acrimony.

"We have also got ready a DTC that will serve us for at least the next twenty years. I intend to place it on the website for a public discussion without partisanship or acrimony. I appeal to all political parties to resolve to pass the GST (Goods and Services Tax) laws and the DTC in 2014-15," Chidambaram said, presenting his interim budget for 2014-15 to the Lok Sabha.

Chidambaram also questioned the bottelneck for stoppage of GST being implemented.

"Revenues are of paramount importance. The best source of revenue is taxes and for that we need modern tax laws. I am disappointed that we have not yet been able to introduce GST. I leave it to you to answer the question, who blocked the GST when an agreement on the game-changing tax reform was around the corner."