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: form 3cd :: VAT Audit :: ACCOUNTING STANDARD :: list of goods taxed at 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT :: empanelment :: TDS :: due date for vat payment :: articles on VAT and GST in India :: TAX RATES - GOODS TAXABLE @ 4% :: VAT RATES :: Central Excise rule to resale the machines to a new company :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARDS :: cpt
 
 
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

Revenue from VAT below expectations in TN
October, 10th 2007
If the revenue from the value added tax (VAT) is not as expected, welfare schemes of the State Government would get affected.

During 2006-07, the revenue has registered an increase of only 1 per cent against an expected increase of 20 per cent, said the Tamil Nadu Minister for Commercial Taxes, Mr S.N.M. Ubayadulla, here.

There is need for traders to be honest. The Central Government would be compensating only 75 per cent of the deficit in revenue while switching over from sales tax to VAT system.

This would be available only for two years. If the revenue from VAT did not rise by then, the welfares schemes would get affected.

The Government could not afford to lose revenue and yet offer exemptions as desired by traders, he said while speaking at a meeting to celebrate World Bread Day organised by Tamilnadu Bakers Association in association with Madurai District Tiny and Small Scale Industries Association and Madurai Bakers Association.

Responding to the traders plea to grant tax exemption for bun and a reduction in tax for ghee, the Minister said the Monitoring Committee that would meet before the finalisation of the budget, would discuss them. He urged the traders to cooperate with the Government and to ensure that the revenue from tax is ensured.

The exhibition on the History of Breads put up by Kaleesuwari Refineries, Chennai, was an attraction during the two-day event.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Careers

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