Value Added Tax

The executives and corporate leaders require knowing promptly what are the features of the new VAT law. The new VAT law has been implemented through automated system. So, it also requires knowing what shall be the role of the VAT payers in the automated process.

The Value Added Tax and Supplementary Duty Act, 2012 (new VAT law) has been passed by the parliament in 2012. Preparatory work is now going on to make the law fully effective from 1 July 2019.