labels: economy - general
Gujarat may implement VAT soonnews
28 November 2005

Kolkata: Gujarat is expected to join the other VAT implementing states soon.

Anilbhai Patel, minister for industries, mines and minerals, Gujarat, speaking at an interactive session organised by the Merchants Chamber of Commerce here on Saturday, said all the BJP-ruled States were now reviewing the VAT situation jointly, and would soon join the VAT regime.

The minister, now touring in West Bengal, is heading a 15-member high-power state delegation, scouting for investments in Gujarat in both manufacturing, including power and gas, and the services sector.

He said Gujarat's commitment to tax reforms was industry-friendly, and highly focused on rationalisation, simplification, transparency and harmonisation in rate structure.

The reforms in sales tax carried out so far were in sync with the Government's commitment to introduce VAT at the appropriate time. The state had already abolished turnover tax and the number of sales tax (main) slabs had been reduced from 17 to six now.



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Gujarat may implement VAT soon