The correct answer is (b), 2010.
Value Added Tax (VAT) is a consumption tax levied on the value added to goods and services at each stage of the production and distribution process. It is a major source of revenue for governments around the world.
VAT was introduced in Uttarakhand on 1 April 2010. It replaced the Sales Tax Act, 1958. The VAT Act, 2005 is the central law that governs VAT in India. It was enacted by the Parliament of India and came into force on 1 April 2005.
The VAT Act, 2005 provides for a uniform system of VAT across the country. It also provides for a single point of registration for all taxpayers. This has made it easier for businesses to comply with the VAT laws.
The VAT Act, 2005 has been amended several times since it was enacted. The most recent amendment was made in 2017.
The VAT Act, 2005 is a complex law. It is important for businesses to understand the law and comply with its provisions. Failure to comply with the VAT laws can result in penalties and interest.
The following are the options for the question:
(a) 2007: This is incorrect. VAT was not introduced in Uttarakhand in 2007.
(b) 2010: This is the correct answer. VAT was introduced in Uttarakhand on 1 April 2010.
(c) 2012: This is incorrect. VAT was not introduced in Uttarakhand in 2012.
(d) 2005: This is incorrect. VAT was not introduced in Uttarakhand in 2005.