Industry & Economy
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Taxation
Panel to meet State ST officials to discuss VAT
Our Bureau
New Delhi
,
April 6
THE Empowered Committee of State Finance Ministers on value-added tax (VAT) has convened a meeting of the State sales tax commissioners here next week to discuss the various issues arising from the implementation of value-added tax (VAT) in 18 States from April 1.
Assam and Meghalaya are expected to implement VAT on Friday.
The meeting of the tax commissioners would be followed by a meeting of the State finance ministers during the current month itself for review of the situation arising from the VAT implementation, Mr Ramesh Chandra, Member Secretary of the Empowered Committee, told reporters on the sidelines of a CII seminar hereon Wednesday.
He said that the Empowered Committee has asked feedback on VAT implementation from trade and industry associations among others by April 11, after which the meeting of the State tax commissioners would take place.
Mr Chandra also said that talks are on between the Empowered Committee and the BJP-leadership for implementation of VAT in the States ruled by the BJP. Similarly, talks are underway with the Uttar Pradesh Government and the Tamil Nadu Government to get them on board.
"I cannot disclose to you what we have discussed. But we have allayed their apprehensions over VAT," Mr Chandra said.
Besides the BJP-ruled States of Rajasthan, Madhya Pradesh, Gujarat, Jharkhand and Chhattisgarh, the States of Uttaranchal, Tamil Nadu (ruled by the AIADMK) and Uttar Pradesh (ruled by the Samajwadi Party) have not introduced the new tax system from April 1.
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