Statement of Objects and Reasons

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Full Text of the Document

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....lusive power to make laws with respect to Entry 97 of the Union List for any other matters not enumerated in List II or List III including any tax not mentioned in either of those Lists. In exercise of this power, the Central Government has periodically taxed certain services at the rate of five per cent ad valorem. 2. The States have taken a unanimous decision to replace their existing sales tax....