VAT 2005 – Value Added TAX

•The Government of India has announced the implementation of VAT from 1st April 2005. The VAT will be levied in place of the existing Local Sales Tax and this seeks to abolish other taxes such as turnover tax, Surcharge, Additional Surcharge. The legislation will be at the level of each state.

•818732 – Master Note for VAT 2005

Configuration of the VAT tax conditions Configuration of the VAT pricing conditions Configuration changes to the Tax Procedure and Pricing procedures Transition from the existing tax structure to the new tax structure without jurisdiction code