Financial Daily from THE HINDU group of publications
Friday, Apr 21, 2006
News
Features
Stocks
Cross Currency
Shipping
Archives
Google

Group Sites

 Industry & Economy - Taxation
Government - Politics
States - Tamil Nadu


`TN will lose out without VAT'

Our Bureau

Chennai, April 20

The overwhelming opinion is that value-added tax is necessary and is desirable, according to the Union Finance Minister, Mr P. Chidambaram.

And States such as Tamil Nadu and Uttar Pradesh that do not implement VAT will lose out, he told reporters here on Thursday.His attention was drawn to the manifestos of the AIADMK and the DMK where both parties had expressed doubts over switching to a VAT regime. The DMK is a party to the National Common Minimum Programme and the NCMP talked about VAT, he said. Mr Chidambaram said "it cannot be that all except the two States which have introduced VAT are wrong and only the two States which have not yet introduced VAT are right."

More Stories on : Taxation | Politics | Tamil Nadu

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Exclusive national weather portal launched

Canara Bank ups NRE deposit rates
Karnataka Bank NRE deposit rates
Big retailers double sourcing of garments from India
ICC corporate survey gets top rating for CM's positive efforts
Biscuit makers moot new duty structure to tackle price woes
Meet on public enterprises
Shipping cos to invest more in offshore sector
US cos seek speedy pharma reforms in India
CERC as Caesar's wife
`Implement GST without compromising fiscal autonomy'
`TN will lose out without VAT'
`Labour reforms vital for textile industry'
`Develop new industrial belt for textiles'
Philips bullish about `Vardaan'
DD to have live-feed of sports events
Andhra varsity, HSBC sign MoU
TDC, Australian varsity sign pact
US co develops device to monitor autonomic nervous system
CII to create 100 new billion-dollar cos
`Domestic violence is taken for granted in Bihar'
Variety in mid-day meals menu
`Reservation in pvt sector not conducive factor'
Insurers get ready for deregulation of tariffs
PM to inaugurate Hannover fair
Vesuvius hopes completion in May
Meet on public enterprises
`Go lean to be competitive'
HC asks Housing Board officials to act non-arbitrarily
Australian wheat set to arrive next week

The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright © 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line