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Tax4india ›› VAT›› VAT In India ›› VAT In Gujarat
VAT In Gujarat
Background
- Chief Ministers’ Conference in November 1999 – All states agree to introduce VAT in place of Sales Tax from April 2001
- State Finance Ministers decide on 7.1.2002 to introduce VAT from 1.10.2002
- Steps taken by Gujarat for tax reforms:
- Slabs of sales tax rates reduced from 23 to 6
- Turnover Tax abolished from April 1997
- No. of prohibited goods (not eligible for tax set off) reduced from 73 to 19
- Sales Tax incentives to industries stopped from 1.1.01
- Computerization of the Sales Tax Department
- Deemed and simple assessments for small dealers
- Dealers are registered afresh – the new registration to be valid for VAT
What Is VAT?
How Is VAT Different From The Current Sales Tax?
Why VAT?
Who Pays VAT?
How To Calculate VAT?
How To Pay VAT?
VAT Tax Rates
VAT Form 1
VAT Form 2
VAT Bill- 2003
Draft Proposal
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