ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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VAT in an Impasse

By taking the position that a patchwork VAT will not serve the purpose and threatening even to go back on its commitment to compensate the states for possible loss of revenue, the centre has created an impasse over the introduction of VAT. This may be the right time to reflect on VAT once again and consider seriously whether it will be at all worthwhile having the tax in the form it is being sought to be introduced.

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