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Pranab to meet state finance ministers on July 21 on GST

Finance Minister Pranab Mukherjee is likely to meet state finance ministers on Wednesday to discuss constitutional amendments needed for rolling out proposed GST from next fiscal. Besides, the Finance Minister is likely to discuss compensation package for states for any loss of revenue due to the implementation of this new indirect tax regime. "The Finance Minister will meet state finance ministers on July 21 to discuss compensation packages and constitutional amendment required to implement the Goods and Services Tax (GST)," a finance ministry official told PTI. Before ...