Riding on Vat, revenue collections rise 82% in trouble-torn J&K

Charanjit Ahuja
Posted: Monday, Oct 22, 2007 at 0000 hrs IST
Updated: Sunday, Oct 21, 2007 at 2357 hrs IST

Font Size

Feedback

Discuss

Chandigarh: as a role model. He, however, said some critical issues were impeding the augmentation of state revenues. For instance, a major area of concern was the delay by the Centre in fulfilling its commitment to the states regarding losses suffered due to switch-over to Vat regime.

The second area of concern, Karra said, was tax deviation by neighbouring states on goods listed under Vat. While the national average of such deviation was only 3%, the deviations by states neighbouring J&K was 15%, Karra said. ‘‘Such deviations by the neighbouring states cause a huge revenue loss to J&K and the central government must intervene,’’ he added....

Post Comments

Comments: (Limit 3,000 characters)

Name		Message
Email ID
Subject

TERMS OF USE:
The views, opinions and comments posted are your, and are not endorsed by this website. You shall be solely responsible for the comment posted here. The website reserves the right to delete, reject, or otherwise remove any views, opinions and comments posted or part thereof. You shall ensure that the comment is not inflammatory, abusive, derogatory, defamatory &/or obscene, or contain pornographic matter and/or does not constitute hate mail, or violate privacy of any person (s) or breach confidentiality or otherwise is illegal, immoral or contrary to public policy. Nor should it contain anything infringing copyright &/or intellectual property rights of any person(s).

I agree to the terms of use.