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Roadmap to goods and services tax (1076 words) |
 | Although on paper full tax credit is supposed to be given for the prior taxes paid on both goods and services, in terms of actual operation, much remains to be done. |
| A necessary reform is the extension of the scope of service taxation to all services and its merger with CENVAT. |
| Once the service tax is made general, it may be merged with CENVAT to have a common exemption limit and tax rate. |
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Goods and Services Tax (Canada) at AllExperts (1556 words) |
| The introduction of the GST was very controversial, and, in the subsequent general election, it was a contributing factor to the biggest defeat of a federal governing party in Canadian history. |
| The tax is a 6% charge on the sale of all goods and services, except certain essentials such as groceries, residential rent, and medical services, and services such as financial services. |
| The GST once again became an issue, as the Conservative Party of Canada reduced the tax by 1% (to 6%) on July 1, 2006 as part of an election promise, and had also promised to reduce it by another 1% at an unspecified point within the next four years. |
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