Latest Expert Exchange Queries

Make your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
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: ACCOUNTING STANDARDS :: list of goods taxed at 4% :: VAT RATES :: TAX RATES - GOODS TAXABLE @ 4% :: cpt :: due date for vat payment :: TDS :: VAT Audit :: ACCOUNTING STANDARD :: form 3cd :: ARTICLES ON INPUT TAX CREDIT IN VAT :: Central Excise rule to resale the machines to a new company :: articles on VAT and GST in India :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: empanelment
 
 
News Headlines »
 Know how you can claim return of income in Form 26 AS case
 What you must know for tax filing this year
 How to file tax return if you have two Form 16s
 10 things you should know about Form 26 AS
 How to file income tax return without Form 16
 How to rectify income tax returns
 Income-tax (21st Amendment) Rules, 2017
 Deadline for filing income tax return nears; here are 10 common mistakes that you must avoid
 All you need to know about form 26AS
 How to file income tax return?
 7 changes that affect income tax return filing this year

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