No objection to GST: Madhya Pradesh CM 22/09/2014

No objection to GST: Madhya Pradesh CM
22/09/2014 08:28
Madhya Pradesh has no objection to the implementation of the Goods and Services Tax (GST) in the country, Chief Minister Shivraj Singh Chouhan said here on Sunday, reported PTI. “We were never against GST. We have put forth our stand on a GST structure through which states were to face losses in state taxes. The (central) government will find a solution to that... There is no objection to it (GST),” Chouhan told the news agency here on Sunday Madhya Pradesh has been demanding a mechanism for full CST (Central Sales Tax) compensation. The previous UPA Government had accused the BJP-ruled states of Gujarat and Madhya Pradesh of stalling progress on the GST regime.GST is considered to be a very significant step in the field of indirect tax reforms in the country which would amalgamate a large number of central and state taxes into a single tax.