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When was VAT introduced in most of the States of India?
1995
2001
2005
2006
- In 1995, VAT was not introduced in most of the Indian states. This year is unrelated to major VAT reform in India.
- In 2001, the groundwork for VAT began with discussions and preparations but it was not widely implemented.
- In 2005, VAT was introduced in most of the states in India. This marked a significant tax reform replacing the earlier sales tax system.
- In 2006, some remaining states that hadn't yet adopted VAT did so.
Your Answer: Option 3 - 2005
By: santosh ProfileResourcesReport error
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