New Delhi, June 01: The contentious Value-added Tax (VAT) missed the June one deadline with the Centre deciding to come up with a "new roadmap" in consultation with political parties and Empowered Committee of state finance ministers.
The states, which had earlier prepared to implement VAT from June 1, could not do so as Finance Minister Jaswant Singh opposed a "patchwork" implementation without all states fully prepared for it.

Confirming this, a top official of VAT panel said: "None of the 11 states have implemented VAT from June. The new deadline is yet to be fixed."

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Although the government announced on May 15 that a new roadmap for VAT was now required, the official said "the Centre has not yet made it clear who would draw it up."

The Centre intents to consult the main political parties and the VAT panel for coming up with the new progressive tax system, whose introduction was deferred more than three times since 2001.
Bureau Report