Gujarat to implement VAT
Gujarat to implement VAT
The Gujarat Government will shortly implement Value Added Tax (VAT), said Saurabhbhai Patel, Minister of State for Finance, Energy and Petrochemicals.
He told presspersons here on Friday that his Government had held discussions with the Union Government’s Empowered Committee on VAT and made certain suggestions that have been agreed to. The State has passed legislation making minor changes in the VAT rules, he added. More details on implementing VAT will be discussed in the next session of the Gujarat Legislature in February.
Gujarat has spent its plan expenditure for this fiscal of Rs. 11,000 crores, and the focus is on developing the lucrative tourism sector.
Soure: hindu.com