Tamil Nadu Implements VAT Resourcefully

Madurai: Tamil Nadu has not received a great loss since the introduction of value added tax (VAT) in the State while the revenue in many other States has gone down. The comfortable position is due to the efficient implementation of VAT by the officials assisted by the VAT Monitoring Committee. The small shortfall, pegged to be around Rs 500 crore could be made good by the Centre to the extent of 75 per cent.