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Milestones mark Chidambaram's tenure as FM

December 1, 2008

Also, the successful rollout of the value added tax by the state governments, with the Centre willing to compensate for any loss incurred for shifting to the new tax regime, happened in the last three years.

On the tax policy front, Chidambaram merged the tax rate of CENVAT, which is a tax on goods, and service tax, so that goods and services were equally taxed as part of the move to introduce a goods and services tax.

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