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Joined August 2012
Please refer Financial express news dated 07-May-2008, I quote "During meeting of State finance ministers at Tiruvananthapuram on 06-May-2008, state governments agreed to reduce CST from 3% to 2%. The state governments were expected to send in the revised compensation formula to the Union Finance Ministry soon after which it would notify the 1% reductioin in CST rate. The reduction however may not be done retrospectively from 01-Apr-2008, said one of the ministers present at the Thiruvananthapuram meeting", unquote.