UP will take decision on VAT soon, says Mulayam

New Delhi, Nov 18 | Updated: Nov 19 2004, 05:30am hrs
The Uttar Pradesh government will soon convene a meeting of traders and industrialists to discuss the issue of Value Added Tax (VAT). This will allow it to reach a decision whether to switch over to the new tax regime or not.

Addressing mediapersons here on Thursday after the inauguration of the UP pavillion at the International Trade Fair here, UP chief minister, Mulayam Singh Yadav, said a meeting will be convened next month on the issue and a decision will be taken on the basis of suggestions received.

He has also invited West Bengal finance minister, Asim Dasgupta; both states will follow the same line of action on the issue.

Mr Yadav said, A meeting with Union finance minister, P Chidambaram has already been held in Lucknow last month on the issue, wherein I have conveyed my decision to the Centre.

On the charge of Congress president Sonia Gandhi that his government was discriminating against Rae Bareli and Amethi, represented by her and her son Rahul Gandhi, he said he would have appreciated it if she had written to him instead of approaching the media in this regard.

He stated that he would look into the allegations and the needs of the two constituencies mentioned.

Describing Prime Minister Manmohan Singh as an honest and reputed economist, he said he was yet to take an initiative on a package for his backward state and said the state government was ready to invest a substantial chunk of any package for UP sanctioned by the Centre.