Date:27/02/2008 URL: http://www.thehindubusinessline.com/2008/02/27/stories/2008022751851200.htm

Back Discard Central sales tax

Reduce corporate and individual tax from 33 per cent to 10 per cent and reduce it in long-run to 5 per cent. So that every citizen will contribute for the nations development. While deciding this, do not compare with other countries rate of tax. This will yield good results if effective tax collection mechanism is evolved.

A scheme to implement all citizen to be given with social security number with incorporating all relevant data’s of the Citizen from the age of 16 years and update annually to programme for the future well being of Indian Citizen.

Link river waters in the country with private participation under built, own, lease, transfer method.

As almost all the States come under VAT fold CST may be discarded immediately for transparent implementation of VAT system.

R. Natarajan, Executive-Finance, Sree Mookambika Textiles Pvt Ltd, Udumalpet.