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	<title>Budget India &#124; Budget India 2011 &#124; Union Budget 2011-2012 &#124; Rail Budget 2011 &#124; Income Tax Slabs &#124; Income Tax India &#187; FAQ on VAT Category </title>
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		<title>Budget Online : Uttar Pradesh adopting VAT System</title>
		<link>http://www.budgetonline.co.in/2008/01/budget-online-uttar-pradesh-adopting-vat-system/index.html</link>
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		<pubDate>Sun, 06 Jan 2008 13:47:53 +0000</pubDate>
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				<category><![CDATA[FAQ on VAT]]></category>
		<category><![CDATA[VAT - in India]]></category>
		<category><![CDATA[Value Added Tax (VAT)]]></category>
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 Finance Minister P Chidambaram congratulated the UP government for introducing VAT and &#8220;wish them success.&#8221;
Roll out of Value Added Tax (VAT) in the country became complete, with Uttar Pradesh adopting the new tax system that has made 91 items including kerosene, milk and medicines cheaper on account of reduced rate of levy.
VAT, which replaces [...]]]></description>
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		<title>What is the difference between Sales Tax and VAT?</title>
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		<pubDate>Sat, 11 Aug 2007 09:11:03 +0000</pubDate>
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 VAT is levied on all goods &#038; services while sales tax is only levied on goods. Thus, a lower tax rate is needed to collect the same amount as sales tax. VAT has no cascading effect. The VAT mechanism of auto-control reduces tax evasion, therefore enhancing income tax collection. VAT is levied at import.
What [...]]]></description>
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