(a) whether the Union Government is contemplating
to issue White Paper on the Value Added Tax (VAT) System;
(b) if so, the details thereof; and
(c) the time by which VAT system is likely to be
made operative?
(a) whether the Union Government is contemplating
to issue White Paper on the Value Added Tax (VAT) System;
(b) if so, the details thereof; and
(c) the time by which VAT system is likely to be
made operative?
MINISTER OF STATE IN THE MINISTRY OF FINANCE(SHRI S.S. PALANIMANICKAM)
(a) & (b): The Union Government is not contemplating to
issue White Paper on Value Added Tax (VAT). However,
the Empowered Committee of State Finance Ministers has
released White Paper on VAT on 17th January, 2005.
(c): In the meeting of the Empowered Committee of State
Finance Ministers held on 18th June, 2004, States and
Union Territories have arrived at broad consensus to
introduce VAT w.e.f. 1st April, 2005.