UP to implement VAT from Jan 1, 2008

The Uttar Pradesh Government on Friday decided to implement value-added tax (VAT) from January 1, 2008.

A decision to this effect was taken at the state cabinet meeting presided over by chief minister Mayawati on Friday, an official release said.

Earlier, the government had decided to implement VAT in from December 1, 2007, but following late President's approval to Uttar Pradesh Value Added Tax Bill 2007 delayed it, the release said.

The cabinet has now approved VAT implementation from January 1, 2008, it added.

It might be mentioned that several trade unions and some political parties have been opposing VAT.

Source : Times of India - India, dated 07/12/2007