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
Latest Expert Exchange
« VAT (Value Added Tax) »
 Filing of online return for 4th quarter of 2017-18 extension of period thereof.
 No Cenvat credit admissible on outward transportation services from factory to buyer’s premises
  Filing of reconciliation return in form 9 for the year 2016-17
 Govt may send notice to 162 companies; ask for VAT returns
 Cenvat Credit Is Not Income Liable To Be Taxed
 Cos wanting to claim VAT refund on employees' foreign stay can get professional help
 Regarding disposal of pending form DVAT 04 & 07 Form Applications
 Disposal of pending Form DVAT 04 & Form DVAT 07 applications: regarding
 Cenvat Credit Rules, 2017 III Part
 VAT phased out in TS
 Cenvat Credit Rules, 2017 II Part

Govt urged to make uniform vat rate of 1 pc for all teas
October, 03rd 2011

Coimbatore,Oct 1 (PTI): Tea Trade Association of Coimbatore (TTAC) has urged the Tamil Nadu Government to make uniform VAT rate of one per cent for all teas sold through auction centres at the first point of sale. In his address to the TTAC's 29th Annual General Meeting, its Chairman N Anand said the government chose to ignore their repeated genuine appeals and continued to levy different VAT rates in the auctions--one per cent for Bought Leaf Factory teas and five per cent for corporate teas. "To add insult to injury, the Government on the contrary increased VAT by one per cent (four to five). This has certainly affected our Auction Center very badly, as exporters have shifted their buying to Cochin where there is no VAT on export purchases," Anand pointed out. Moreover, dual vat on tea created unhealthy competition between auction centers, affecting growth prospects of an auction centre like Coimbatore, he said. It was high time Government corrected the anomaly and provided a level playing field to all tea producers in the state, as there is no revenue loss due to making uniform vat rate of one per cent at first point of sale, he said. This move would only ensure more exporters' participation, thus giving a great boost to our auction Center, Anand said. The association also urged Chief Minister Jayalalithaa to organize workshops to properly educate the trade to ensure smooth transition from VAT to the proposed Goods and Services Tax, before implementing it in Tamil Nadu, Anand added. PTI NVM APR

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Desktop Application Development Outsourcing Desktop Application Development Offshore Desk

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