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Speaking
on the occasion, Badal appreciated the concerted efforts
of the authors in bringing out this book for the benefit
of Tax Authorities, Legal & Account Professionals and
Business & Industry. He said: "This book
would surely prove to be a milestone in bringing much
needed awareness amongst the tax payers and consultants to
ensure a transparent tax system in the society".
Badal emphasized the need to make the provisions of law
which the citizens of society were expected to abide and
control their day-to-day life and activities must be made
easily accessible to them through such publications.
Briefing
the Chief Minister, Vinod Vashisht said that this book
featured section-wise commentary along with notifications
and case laws. Contained in the book are VAT Rules,
VAT Forms, Incentive Conditions for Industries, VAT in
Chandigarh, Constitutional Provisions and Central Sales
Tax Act. In its 'Chronological Perspective' chapter,
author has given the transition of VAT from the earlier
Sales Tax regime and advent of VAT in India and its
implementation in Punjab with a historical perspective.
This book offers some useful side information too such as
how is the VAT environment in neighboring States of Punjab
and levy provisions of other allied taxation acts
applicable in Punjab.
The
Chief Minister was accompanied by his Media Advisor
Harcharan Bains and Principal Secretary DS Guru.
Source
: PunjabNewsline.com - Nagar, Punjab, India, dated
13/08/2008
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