In which year was Value Added Tax (VAT) introduced at the State level in India?
- A
- B
- C
- D
Solution & Step-by-step Explanation
Value Added Tax (VAT) was introduced into the Indian state-level taxation system on April 1, , replacing the old general Sales Tax system in the majority of Indian states. (Haryana was the first state to introduce it in , but the nationwide state-level adoption occurred in ).