ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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Time to Act

Central Value Added Tax

Excise taxes were, till 1998, the most disappointing feature of the entire tax reform process. But the substantial progress made in the last two years must now be brought to fruition by completing the move to a comprehensive central producer VAT (CENVAT). A simultaneous reform of the central service tax system would lay the ground for its integration into the CENVAT, perhaps a year or two later.



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