Financial Daily from THE HINDU group of publications
Thursday, Apr 07, 2005
Financial Daily from THE HINDU group of publications Thursday, Apr 07, 2005 |
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Opinion
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Letters VAT implementation
It is unfortunate that "Political consensus vital for VAT implementation... says Sinha" (Business Line, April 3). The discussions on VAT were going on for about 10 years. All the Finance ministers except of course, UP had accepted it. The West Bengal Finance Minister chaired the Empowered Committee. All the states that agreed were ready to implement it. VAT can arrest tax evasion and curb black money transactions. The consumer benefits from a reduction in prices and the State earns more revenue. So opposing VAT is equivalent to being anti-people. A. Jacob Sahayam Thiruvananthapuram
Letters to the editor and contributions can be sent by e-mail to: bleditor@thehindu.co.in
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