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« VAT (Value Added Tax) »

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CS :VAT e-filing soon in Punjab

January, 21st 2011
Punjab Chief Secretary S C Agrawal assured the Confederation of Indian Industry on Thursday that e-filing of value added tax (VAT) would begin soon in Punjab. A delegation of the CII led by its Punjab council chairman Akshay Bector met the CS on Thursday and demanded that Punjab should bring uniformity in the VAT structure with neighbouring states. There is a huge disparity in VAT rates being charged in Punjab, compared to the neighbouring states. Haryana, Himachal, Jammu & Kashmir, Madhya Pradesh and Delhi are charging only 4 per cent VAT on all food processing items whereas Punjab is charging 12.5 per cent, adversely impacting the competitive level of the small players, said the delegation. The delegation also demanded separate circle rates for industrial plots and a revised property tax structure.