Synopsis 1. Maharashtra's Experience with VAT, 2. VAT in Haryana, 3. VAT in Brazil: Experience and Challenges, 4. VAT in Canada: A Synoptic Review, 5. Value-Added Taxes in Developing and Transitional Countries: Lessons and Questions, 6. Tax and Expenditure Assignments in India: An Overview, 7. A Critical Analysis of Sales Tax System, 8. Evolution of State-Level Value Added Tax in India, 9. Taxonomy of Value Added Tax, 10.  Economic Effects of VAT, 11. VAT and Prices, 12. VAT: Implications for Manufacturers and Traders, 13.  VAT 2005: Will it Add Value to Economic Reforms?, 14. The Devil is in the Details, 15. Introduction of State Level Value Added Tax in India: Administrative Issues, 16. Reform in Central Sales Tax in the Context of VAT, 17. VAT Audit, 18. VAT Frauds: The Challenges Ahead, 19. Taxing Services: Issues and Strategy.