Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: articles on VAT and GST in India :: form 3cd :: Central Excise rule to resale the machines to a new company :: VAT Audit :: ACCOUNTING STANDARDS :: VAT RATES :: TAX RATES - GOODS TAXABLE @ 4% :: cpt :: due date for vat payment :: empanelment :: ACCOUNTING STANDARD :: TDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: list of goods taxed at 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes
 
 
« News Headlines »
 How to link your Aadhaar and PAN details to file income-tax returns
 How to calculate capital gains tax on property sold at less than stamp value?
 Return Filing - Under GST, this is how you will file tax returns from July 1
 Income tax filing FAQs part 1
 Filing Income Tax Returns? Things To Keep In Mind As Deadline Approaches
 Filing of online return for 4th quarter of 2016-17- extension of period thereof.
 New tax accounting standards may reduce leeway for infrastructure companies
 GST – CONCEPT & STATUS – As on 01st May, 2017
 Govt extends VAT deadline, relief for developers
 Income Tax Appellate Tribunal Rules, 2017
 Got your Form 16? You should file income tax returns early to enjoy benefits

VAT forces Gujarat wet date traders to look at new turfs
October, 12th 2006
Traders engaged in the import of wet dates, most popularly known as khajur, at Rajkot and Jamnagar would be compelled to move their business to neighbouring Maharashtra due to the value-added tax (VAT). While the Gujarat government is refusing to exempt dates from VAT, Maharashtra is not charging it at all. Out of the total imports of dates into the country, around 55% comes through ports in Gujarat and the rest comes from those in Maharashtra according to traders. Now, importers prefer to go to Maharasthra as there is no VAT. The total annual import of wet dates stood at around 1.1 lakh tonnes during 05-06, says Jagubhai Badiyani, vice-president of the Gujarat Wet Dates Merchants Association. Out of the total 55,000 tonnes that are imported into Gujarat, about 10% is consumed locally and the remaining quantity is sold in other states. The traders from southern region source their requirement from traders based in Mumbai and Maharashtra. The 4% VAT on wet dates makes it dearer by Rs 800 per tonne in Gujarat compared to Maharashtra and therefore, traders from other states like Rajasthan, UP and other northern states have started purchasing khajoor from Maharashtra, says Sureshbhai Golwala, president of of the association. This trade also offers job opportunities to hundreds of labourers engaged in loading and unloading of wet dates at various ports in Gujarat. The ports in Gujarat get around Rs 1.5 crore by way of warfage from the import of wet dates. And Municipal Corporation gets income by way of levying octroi on imported fresh food. The Gujarat Maritime Board collects Rs 225 per tonne as warfage whereas ports in Maharashtra collect only Rs 20 per tonne. The wet date is popular among the people as it is used in all festivals be it Ramzaan, Holi or Uttarayan (kite festival). Interestingly, wet dates did not attract sales tax till the introduction of VAT. And now it is subject to levies like 30% customs duty, CVD 4%, Port charges and octroi and thus making this commodity to be sold at Rs 17 a kg.
 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Desktop Application Development Outsourcing Desktop Application Development Offshore Desk

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions