AGST
India transitioned to a Value-added tax (VAT) system on 1 April 2005. The previous general sales tax laws were replaced with the Value Added Tax Act (2005) and associated VAT rules.
A few states (Gujarat, Tamil Nadu, Rajasthan, Madhya Pradesh, Chhattisgarh, Jharkhand, Uttarakhand and Uttar Pradesh) opted out of VAT during the initial introduction of VAT but adopted it later. As of 2 June 2014, VAT had been implemented in all the states and union territories of India except Pondicherry, Andaman and Nicobar Islands and Lakshadweep Island.
India replaced VAT with the Goods and Services Tax on 1 July 2017.
Moments
- 2022-05-24T00:00:00.000000Z
Similar Artists