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 INPUT TAX CREDIT IN VAT :: ACCOUNTING STANDARD :: cpt :: VAT RATES :: VAT Audit :: form 3cd :: Central Excise rule to resale the machines to a new company :: list of goods taxed at 4% :: empanelment :: TDS :: articles on VAT and GST in India :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: due date for vat payment
General »
 Number of companies paying tax over Rs 100 crore declines in 2013-14
 Tax and the dilemma of the self-employed
 Banks warn share tax hike threatens Paris' post-Brexit appeal
 PMC may decide on property tax rebate for IT firms this week
 I-T Dept is giving out certificates of appreciation. Have you received yours?
 Government works on ironing out benefits refund mechanism for exportersa
  Tax officials are using an IDS provision to question transactions beyond six-year-limit
 Tax-free bonds rally like midcap funds
 Senior citizens do not have to pay advance tax on salary and interest income
 GST: Audit commissioners to get adjudication powers
 Interest on NRE rupee account can be exempt from tax under FEMA

CST relief for Maruti; tax cut by 1 pc
October, 21st 2008

The Haryana Cabinet today decided to reduce rate of Central sales tax on inter-state sales of Maruti vehicles from 2 per cent to 1 per cent to provide them a level playing field in the market. Maruti Suzuki India Limited had represented that in view of general reduction in rate of Central sales tax from 3 per cent to 2 per cent with effect from April 1, 2007, the rate of Central sales tax on interstate sales be reduced. This reduction in tax in the state would be effective from November 1.

With this reduction in tax, the buyers of Maruti vehicles would benefit to the tune of Rs 140 crore for the remaining period of the current financial year. This benefit would be Rs 200 crore per annum for the subsequent years.

The Cabinet also decided to reduce rate of tax on barley sprout from 12.5 per cent to 4 per cent on the recommendation of the state-level consultative committee. The decision to reduce tax would benefit consumers to the tune of Rs 4 lakh per annum. The Cabinet also decided to reduce the rate of VAT on sale of earth-moving equipment sold to state and Central government departments and union territories, public sector undertakings and municipal bodies from 12.5 per cent to 4 per cent. With this reduction, the state exchequer would bear a burden of Rs 1 crore on the current projected sales.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
SEO Company Search Engine Optimization Company US SEO Local SEO Company Website SEO Company Alabama SEO Company Alaska SEO Company Arizona SEO Company Arkansas SEO Company California SEO Company Colorado SEO Company Connecticut SEO Company Delawa

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