Online edition of India's National Newspaper
Tuesday, April 29, 2003
Published on Tuesdays
Online edition of India's National Newspaper Tuesday, April 29, 2003 |
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Open Page Published on Tuesdays |
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Why we should not oppose the VAT The VAT system is non-cumulative and neutral in respect of competition; the system ensures equal distribution of tax burden between similar products; it exempts subcontracting from taxation; it is not levied on export goods; it exempts goods which have already been taxed and also purchases of capital goods among others. From 'me' to 'us' The notion that the collective is something more than simply the sum of several individuals is not new. Even the Gita in its last verse speaks of a man of vision and a man of action coming together for any enterprise to succeed. |
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