March 25, 2012 4:55 PM

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No trust deficit between govt and industry: Pranab<br/>

The Finance Minister Pranab Mukherjee has said that there is no trust deficit between the government and industry. Speaking at a function of Confederation of Indain Industry, CII in New Delhi on Sunday, Mr Mukherjee said that both the government and industry are partners in the task of nation building. Mr mukherjee said the government is working on a model legislation for the new indirect tax regime. He said that the proposed Goods and Services Tax, GST Constitutional Amendment is currently with the Standing Committee on Finance. He also expressed confidence that the Direct Taxes Code, DTC will be legislated in 2012-13, and ready for implementation in the following year.

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