Gujarat to decide on switching to VAT regime next week
Gujarat to decide on switching to VAT regime next week
The Gujarat Cabinet will meet on January 11 to take a final decision on switching to Value Added Tax (VAT) regime from the next financial year (2006-07), its Finance and Planning Minister Saurabhbhai Patel, said on Friday.
“The government has framed rules required for implementing the VAT,” he said after winding up the visit of a 16-member delegation to Karnataka to showcase his state’s tourism potential.
A Bill to amend existing tax laws to move over to VAT system would be introduced in the coming Assembly session, he said.
Patel said he has sought the help of 600 travel agents to speed up tourist inflow to Gujarat.
The Gujarat Minister said the delegation was highly impressed with the involvement of NGOs in implementing mid-day meal programme for school children in Karnataka and wanted to replicate the model in Gujarat.
More: hindu.com