Business Daily from THE HINDU group of publications
Tuesday, Oct 31, 2006

Cross Currency

Group Sites

Industry & Economy - Taxation
Government - Financial Policy
States - Tamil Nadu
TN to repeal General ST Act

Our Bureau

Chennai , Oct. 30

The Tamil Nadu Government has published a copy of the VAT Bill, 2006, on its Web site paving the way for its implementation.

In the draft published on the State Government's official Web site, it has said that the Tamil Nadu General Sales Tax Act, 1959, would be repealed to introduce the Value Added Tax in the State as announced in the Tamil Nadu Assembly. It may be recalled that the Chief Minister, Mr M. Karunanidhi, in the budget for 2006-07 announced that the State would shift to VAT from 2007.

The Bill seeks to give effect to that decision. It may be recalled that the State Government had been concerned over the possible loss in revenue due to the shift to VAT. However, following widespread demand from trade and industry, the Chief Minister had announced that the State would shift to VAT from January 2007.

More Stories on : Taxation | Financial Policy | Tamil Nadu

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

Stories in this Section
Modi plans integrated township policy for Gujarat

Hamburg offers expertise in sustainable development
Micro-turbine biogas project commissioned in Purulia
Sensex at new high, tops 13,000
AP plans survey to assess role of trading in GSDP
RBI rate hike a given
Review meeting
Singapore's four-day biz meet inaugurated
Prince Andrew, Minister discuss trade issues
South Australia, TN sign sister-State agreement
India-China border trade slow off the blocks
MIDC, IL&FS woo AP pharma entrepreneurs
`SEZ will come up at Kakinada'
PSUs may become more autonomous
Steps to tackle power crisis in AP
TN to repeal General ST Act
Visa-free entry for businessmen in US urged
Sun TV plans more FM stations
IIT Kharagpur plans new campus in Kolkata
NSHM ties up with Swiss co
Finishing schools for engg grads suggested
`Engineering students communication skills below expectations'
Land issue
Traders down shutters in Delhi
Salary hike for IIM Bangalore faculty
Offer letters at Managemantra
`Yi aims to emerge as voice of young Indians in nation-building'
`Enjoy your job, be successful'
Corporate social responsibility
White rice exports slow down on Pakistan factor
Venture funds: Singapore `looking at India'
Jupiter Capital's plans
Budget tourism package
Master plan to revive inland water transport in Kerala

The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | 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