VAT TO BE COMPUTERIZED IN THREE YEARS

With all states, barring Uttar Pradesh and Tamilnadu, implementing the Value Added-Tax (VAT) regime, the central government has turned its attention towards computerization of the VAT departments of states. Pilot projects have begun in four states - Delhi, Andhra Pradesh, Gujarat and West Bengal. Government is also keen on developing a single Harmonised System of Nomenclature (HSN) code for all the products under VAT across the country.