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Our Bureau

New Delhi , Aug. 5

THE Union Cabinet on Thursday approved the introduction of a new Bill in Parliament to facilitate the extension of the Punjab Value Added Tax Act 2005 to the Union Territory of Chandigarh.

The new Bill — The Punjab General Sales Tax (as in force in Chandigarh) Repeal Bill 2005 — would be introduced in the current session of Parliament, the Union Information and Broadcasting Minister, Mr Jaipal Reddy, told reporters after the Union Cabinet meeting.

Once the new Bill is enacted, the Punjab General Sales Tax Act 1948 would stand repealed. The Punjab Value Added Tax Act 2005 came into force in the State of Punjab on April 1, 2005.

The State-level VAT has so far been introduced in 23 States and Union Territories. The two Union Territories that have already implemented VAT are Dadra & Nagar Haveli and Daman and Diu.

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