Volume : 4, Issue : 11, November - 2015

Value Added Tax in Gujarat � An Overview

Dr. Samir Mazidbhai Vohra

Abstract :

<p>The Value Added (VAT) was devised by a German economist in the 18th Century. This multipoint tax system is not a new one but a part of the sales tax system. VAT was introduced in India on 1st April, 2005, as a part of Indirect Tax Law. VAT is a subject of state government and is levied on sale or purchase of goods within a state. Introduction of State VAT is an important reform measure at the state level. VAT in Gujarat came into force from 1st April, 2006. Its basic legal framework is The Gujarat Value Added Tax Act, 2003. VAT and Sales Tax collection contributes around 39.92% of the total revenue of Gujarat Government. This paper focus on the introduction and implementation of VAT in Gujarat State. It also gives overview of VAT in Gujarat</p>