Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get 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) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
 
 
 
 
Popular Search: form 3cd :: VAT Audit :: ACCOUNTING STANDARD :: cpt :: VAT RATES :: empanelment :: TAX RATES - GOODS TAXABLE @ 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: due date for vat payment :: list of goods taxed at 4% :: ACCOUNTING STANDARDS :: articles on VAT and GST in India :: Central Excise rule to resale the machines to a new company :: TDS
 
 
News Headlines »
  How to file ITR for FY 2016-17 and all the links you need
 All about E-way Bill under GST
 Good and simple tax: on the GST regime
 Seeks to extend the time limit for filing of GSTR-1, GSTR-2 and GSTR-3
 Good news, find Tax Return Preparers soon at a place near you; 5 things to know
 Filing of GST return
 Why cement companies are going in for M&As
 Govt moves to rework direct tax law after PM’s nudge
 New offer available for filing tax returns online, how to avail
 Draft Goods And Services Tax Return Rules, 20--
 How to file tax return as a representative of someone

IIA protests entry tax
October, 07th 2008

A large number of entrepreneurs from micro, small and medium enterprise sectors took out a rally in the city on Monday under the aegis of Indian Industries Association (IIA) in protest against the introduction of entry tax on more than a dozen items and increase in Value-Added Tax (Vat) rates on more than 75 items. However, the local administration stopped the rallyists going beyond Moti Mahal grounds on the pretext of maintenance of peace.

Addressing the rally, IIA senior vice-president Anil Gupta, while lamenting the action of the administration in stopping the rally, said that it was a peaceful rally in which law abiding entrepreneurs were participating.

There is not a single incident in the past that can be cited where any congregation of entrepreneurs has ever resorted to any activity leading to disruption in law and order, he said.

Prashant Bhatia, secretary, IIA, Lucknow chapter, said that in one stroke the government had killed the local industry disregarding the potential of employment generation from this sector.

Introduction of entry tax on steel and other items would only encourage rampant tax evasion.

Increase in Vat rates on plant and machine from four per cent to 12.5 per cent plus entry tax of one per cent as compared to four per cent being charged in other states shows how the state government wants to systemically drive industry out of the state, alleged Sanjiv Agarwal, another IIA office-bearer.

Shiv Shankar Awasthi, co-chairman IIA Lucknow chapter said that increase in VAT rates on processed food and vegetables from per cent to 12.5 per cent would destroy agro-based industry in the state which was primarily an agro-based economy.

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

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