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Tax Expert Cautions Against Vat Confusion

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Value Added Tax (VAT) system which is scheduled to be implemented from April 1, this year will result in a lot of confusion and hardship to traders and manufacturers because the rules that have been laid out were done without considering all aspects of tax system, according to B P Agarwal, a Financial Chartered Analyst, and an expert on Value Added Tax who has authored a number of books on taxes.

Agarwal was speaking at a meeting on

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Govt again fails to find takers for 1,800-MHz spectrum

Sistema, the lone bidder for the 800-MHz band, to pay Rs 5,623.5 crore for 11 circles

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