Are we really ready for sales and service tax?


  • Business
  • Wednesday, 08 Sep 2004

IN the 1989 Budget, the Government indicated its intention to introduce a Sales and Service Tax or SST. Elaborate preparations were made by the Customs Department to prepare the way for this new tax. Manpower was beefed up, extensive studies were carried out and a number of Customs personnel were trained in this field.  

The stage for the SST seemed set and the authorities were optimistic when suddenly the whole project was shelved due to unforeseen circumstances.  

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