March to DTC, GST in final leg, says FM

Two of India's biggest tax reform initiatives-the Direct Taxes Code (DTC) and the Goods and Services Tax (GST) - has entered the final leg, finance minister Pranab Mukherjee hinted on Friday.

Two of India's biggest tax reform initiatives-the Direct Taxes Code (DTC) and the Goods and Services Tax (GST) - has entered the final leg, finance minister Pranab Mukherjee hinted on Friday.

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"It was our earnest desire to give effect to DTC from April 1, 2012," Mukherjee said.

"However, we received the Report of the Parliamentary Standing Committee on March 9, 2012. We will examine the report expeditiously and take steps for the enactment of DTC at the earliest."