Financial Daily from THE HINDU group of publications
Friday, Nov 05, 2004
Financial Daily from THE HINDU group of publications Friday, Nov 05, 2004 |
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Opinion
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Letters VAT implementation
This is with reference to the editorial "A big step on VAT" (Business Line, November 4). The agreement between the Centre and the States on the implementation of VAT is welcome. However, it is unfortunate that the Centre has ignored the caution made by the Kelkar Committee that the VAT system runs the risk of getting off-track on account of multiple taxes by some State governments. There should be some statutory guarantee, if not constitutional, as recommended by the Kelkar Committee, to ensure long-term stability of VAT by continued commitment of all the States. C. Ramesh Keeramangalam (TN)
Letters to the editor and contributions can be sent by e-mail to: bleditor@thehindu.co.in
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