Uttaranchal to implement VAT regime
Uttaranchal principal secretary (finance) Indu Kumar Pandey has said Uttaranchal is now preparing itself “for a smooth transition"to the VAT regime.
The draft Act was circulated and necessary changes made on the basis of feedback received, Pandey said at a roundtable meet on building a consensus on VAT, organised on Tuesday by the Confederation of Indian Industries (CII).
He said the state government was aware of the importance of procedural issues related to VAT implementation and was in touch with the governments of Punjab and Himachal Pradesh to draw upon their experiences.
Speaking at the meet, Ramesh Chandra, member secretary of the Empowered Committee of the state finance minister, said the unique character of this hill region should be kept in mind while taking a decision on implementation of VAT.