Tuesday, January 18, 2005 Rediff.com India: All states set to implement VAT from April
Union Finance Minister P Chidambaram on Tuesday asserted that all state governments were gearing up for the introduction of the Value Added Tax regime from April 2005.
"Every state government has either passed laws or promulgated ordinance for VAT regime. We will enter the VAT regime from April," Chidambaram said.
He dismissed reports that Uttar Pradesh was dragging its feet on the VAT issue. Chidambaram said West Bengal Finance Minister Asim Dasgupta, who is the chairman of the empowered committee on state finance ministers, had seen the draft VAT regulation that was being readied by the UP government.
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