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Home  » Business » VAT panel to meet on tax rates

VAT panel to meet on tax rates

Source: PTI
April 13, 2005 14:11 IST
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The empowered committee on value-added tax on Wednesday said lack of uniformity in VAT rates among states was a serious issue and advanced its meeting to April 15-16 to consider the matter.

"We are ready to admit that VAT rates are not uniform (among states), that is why we have advanced our meeting to April 15-16 which was earlier scheduled for May," Ramesh Chandra, empowered committee secretary, said on the sidelines of an Assocham seminar.

On traders' grievances over Value-Added Tax, he said doors of negotiations were open and asked the traders to present their case before the Committee.

The crisis over VAT: Complete coverage

On the controversial issue of VAT on CSD canteens, he said it was up to the defence and finance ministries to give concessions to these canteens.

Speaking on the occasion, Delhi Finance Minister A K Walia said he would take up the issue of lower sales tax on diesel in Haryana and Rajasthan compared to Delhi at the meeting.

Various issues like anomalies in VAT tax structure between states have surfaced after implementation of VAT from April 1.

So far, 20 states have implemented the new system. Uttar Pradesh, Tamil Nadu, Uttaranchal, besides BJP-ruled states - Rajasthan, Madhya Pradesh, Gujarat, Jharkhand and Chhattisgarh have not introduced VAT.

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