Tech Jungle

PIL seeks stay on state`s `illegal` VAT
June 4, 2007, 3:09 pm
Filed under: FINANCE

The implementation of Value Added Tax (VAT) had helped Maharashtra shore up its revenues, like many other states, but now, a PIL is challenging the legal validity of the system in place. Alleging that the system in the state is not in accordance with many provisions of the VAT Act, the PIL, filed by an Aurangabad-based chartered accountant, wants the court to stay the collection of VAT in the state and declare it illegal.


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