Online edition of India's National Newspaper
Wednesday, Aug 15, 2007
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Online edition of India's National Newspaper Wednesday, Aug 15, 2007 ePaper |
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Tamil Nadu
Special Correspondent
ABOUT VAT: P. Murari, advisor to president, FICCI (left); M.Devaraj, Secretary, Commercial Taxes Department; T. Jacob, Commissioner, Commercial Taxes and J. Chandramouli, convener, Taxation and Finance Panel, FICCI,TNSC, at an interactive session in Chennai on Tuesday.
CHENNAI: The Tamil Nadu government is up in arms against Puducherry’s implementation of the value added tax system and will take up the issue at the national level. Tamil Nadu claims that the Union Territory’s VAT rules “deviate heavily” from the national consensus and harm Tamil Nadu’s traders. “We will take up the issue with the Government of India … at the next meeting of the VAT empowered committee in Delhi,” M. Devaraj, Secretary to the Department of Commercial Taxes, told Tamil Nadu industrialists and traders at an interactive meeting hosted by the Tamil Nadu State Council of the Federation of Indian Chambers of Commerce and Industry on Tuesday. According to G. Shanmugam, Joint Commissioner for VAT, Puducherry has “implemented VAT without a soul.” He says the Tamil Nadu Commercial Taxes Department has received innumerable complaints about the irregularities in the Puducherry VAT system. While the national guidelines allow for taxation rates of 1 per cent, 4 per cent and 12.5 per cent, Puducherry has included variant rates such as 2 per cent, 3 per cent and 8 per cent on many products, he claimed. Since these rates are often lower than those in neighbouring states, Tamil Nadu’s traders have begun to suffer. For example, Mr. Shanmugam said civil works suppliers have been affected. Trading affected
“Over the last three to four months, our trading in building materials and works contracts has come down drastically,” he said. “The whole concept of VAT is to provide some sort of nationwide uniformity,” said Mr. Devaraj, pointing out that this could affect the compensation that states get from the government of India.
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