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Volume : II, Issue : V, June - 2012 VAT AND ITS IMPACT ON PROFITABILITY OF MANUFACTURING INDUSTRIES IN MAHARASHTRA M S Deshmukh Published By : Laxmi Book Publication Abstract : Maharashtra is one of the 21 states which have introduced the Value Added Tax (VAT) system of
taxation from 1st April 2005. With introduction of VAT, we have moved to a globally recognized sales
taxation system that has been adopted by more than 150 countries. The design of Maharashtra state VAT is
guided by the best international practices with regard to legal frame work as well as operating producers.
VAT is collected at each stage in the chain when value is added to goods. Keywords : Article : Cite This Article : M S Deshmukh, (2012). VAT AND ITS IMPACT ON PROFITABILITY OF MANUFACTURING INDUSTRIES IN MAHARASHTRA. Indian Streams Research Journal, Vol. II, Issue. V, http://oldisrj.lbp.world/UploadedData/1043.pdf References : - Bagchi Amarshi (2005): VAT & State Autonomy, Economic & Political Weekly,April-30.
- Bird Richard(2007): The VAT in Developing and Transitional Countries, Cambridge University Press.
- Dasgupta Arindam (2005): Will State Deliver VAT?, Economic & Political Weekly,Sept. 3rd 2005.
- Purohit Mahesh (2001): 'National and Sub-National VAT's: A Road Map for India, Economic & Political Weekly, March 3rd, 2001.
- Rao Govinda M & Sharma J V M (1997): Value Added Tax in States : Challenges ahead, Economic & Political Weekly, February 1.
- Tait, Alan A. (1988):Value Added Tax: International Practice and Problems Washington, DC: IMF.
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