Bengaluru: Nearly 14 years ago, in 2003, when the then National Democratic Alliance (NDA) led by AB Vajpayee was in power at the centre, it was the Congress government led by SM Krishna in the state that got thumbs up for the implementation of Value Added Tax (VAT), which was christened as ‘Sumaulya’.
Fast forward 2017, the NDA government is in the power at the center again, while Congress is in power at the state and history is going to be repeated, provided everything falls into place.
The state is all set to implement the ambitious Goods and Services Tax (GST) by July 1, even when the centre is said to be finding it difficult to roll out the project by the said deadline due to IT related glitches.
Speaking at the FKCCI new building inauguration ceremony in city, Chief Minister S Siddaramaiah who is also looking after finance department, informed that state government has completed all the process to switch over to GST from July 1. “We are waiting for the center’s approval in this regard. The state been a pioneer in the implementation of modern financial practices,” he said.
