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Uttaranchal postpones implementation of VAT
Dehra Dun, Sept 07: Uttaranchal cabinet on Saturday deferred the implementation of value added tax in the state.
He said parleys would be held with traders to know their views and apprehensions about the new tax, which the Centre had asked all the states to implement from April 1, but so far except Haryana, no other state has implemented.
The business community had opposed the implementation of the VAT saying it would bring back "inspector raj".
Bowing to the pressure from traders, a ministerial committee was constituted to study all aspects of VAT before its implementation. The panel submitted report only last week.
The cabinet also decided that only farmers and their family members, whose names are being enrolled in the revenue records, would be entitled to purchase agricultural land in the state to check the uncontrolled land transactions.
Bureau Report