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: due date for vat payment :: ACCOUNTING STANDARD :: articles on VAT and GST in India :: list of goods taxed at 4% :: TAX RATES - GOODS TAXABLE @ 4% :: VAT RATES :: VAT Audit :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARDS :: TDS :: empanelment :: Central Excise rule to resale the machines to a new company :: form 3cd :: cpt :: ARTICLES ON INPUT TAX CREDIT IN VAT
 
 
ę News Headlines »
 Securities excluded from GST ambit in revised Bill
 GST dilemma: Hope fades for new tax regime
 5nance.com launches tax investment platform
 Is government tapping your phone?
 Income tax department to use analytics to look for discrepancies in bank accounts
 GST Council fails to break deadlock over indirect tax regime, next meet on Dec 11 and 12 to hammer out differences
 Invoking Writ Jurisdiction For Income Tax Matters
 How to file income-tax returns online
 How Income Tax Returns Are Scrutinised
 All About New Income Disclosure Scheme to make Demonetisation successful
 Your deposit may draw income tax notice

Punjab ginners want reduction in market fee and other taxes
October, 09th 2007

As Punjab cotton farmers sell their produce in other states due to higher market fees in their home state, Punjab Cotton Factories and Ginners Association has sought state government's intervention to redeem the situation.

"Almost fifty per cent of our ginning capacities are lying idle on account of non-availability of enough cotton from the state mandis as cotton growers are selling their produce in Rajasthan and Haryana for fetching high returns," The Association's President Bhagwan Bansal said.

Each farmer has to pay Rs 200 per quintal on cotton as taxes which include 2 per cent market fees, 2 per cent rural development fund, 4 per cent VAT and 1 per cent cess in Punjab, Bansal said.

"As a result of it, farmers are finding it lucrative in selling their cotton in other areas such as Dabwali, Sirsa, Sri Ganganagar instead of selling in Punjab," he said, adding the trend would hit the cotton ginners very hard.

Comparing the tax structure with that in Rajasthan, Bansal said that it had recently reduced its market fees from 1.60 per cent to 0.80 per cent.

On account of the sale of cotton in neighbouring states, Punjab would face shortage of the same, besides a significant loss of revenues to the state government, he said.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Internet Marketing Website Marketing Internet Promotion Internet Marketing India Website Marketing India Internet Promotion India Internet Marketing Consultancy Website Marketing Consulta

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