VAT implemented in Nagaland-RIO

Kohima, Mar 18 (UNI) Nagaland Value Added Tax Rules,2005, have already been implemented in the state with effect from June 28 last year.

Answering a question asked by the opposition Congress member Rokonicha, Nagaland Chief Minister Neiphu Rio, who is also holding the finance portfolio, informed the house that the system of the data capture VAT at all entry and exit points through software centrally connected by V-SAT has also commenced.

This will ensure better and more accurate capture of data relating to entry of goods into and transit through the state. This will reduce leakage of revenue.

He also informed the house that over 600 items are already enlisted under VAT in the state. Mr Rio informed that seminars have also been held to educate the public and the trade.

UNI AS BA KLC1805