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: ACCOUNTING STANDARDS :: Central Excise rule to resale the machines to a new company :: form 3cd :: TDS :: VAT RATES :: list of goods taxed at 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: due date for vat payment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: cpt :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARD :: articles on VAT and GST in India :: empanelment :: VAT Audit
 
 
« Direct Tax »
 Pune region tops in direct tax kitty growth
 RBI releases draft directions on hedging of commodity price
 Unexplained deposits in focus, taxmen ordered to go all out in the next three months
 Why India’s corporate tax rate should be cut
 Best ways to save tax under section 80C
 Govt may exceed direct tax collection target of FY18 Budget estimates
 CBDT relaxes MAT provisions for companies under corporate insolvency
 CBDT relaxes norms for MAT on firms facing insolvency
  Income-tax deduction from salaries during the financial year 2017-18 under section 192 of the Income-tax Act, 1961
 CBDT to appeal for revival of certain deregistered companies
 How the new tax regime fared in India these last 6 months

New tax regime could boost cardamom trade in Kerala: Spices board chairman
October, 04th 2012

Unification of the tax rates in Kerala and Tamil Nadu and the implementation of KVAT at a rate of 2% will facilitate a boom in the cardamom business in Kerala, said Dr A Jayathilak, chairman of the Spices Board. "This will facilitate the entry of more local dealers from Kerala to the small cardamom trade," he said in his letter to the agriculture production commissioner of Kerala.

"The cumulative effect will be more recovery in prices to the growers due to increased demand arising out of more bidders in the e-auction. The Spices Board is committed to issuing more small cardamom dealer licenses to increase bidding participation in the e-auction," he said.

According to him, the small cardamom industry is featured by the presence of interstate traders. "Despite the efforts from the Board to issue more small cardamom dealer licenses, around 80% of the dealers who participate in the e-auction are from Bodinaykanur, Thevaram and Cumbum in Tamil Nadu.The root cause for this scenario is the difference in the tax structure between the two states.

The purchase of small cardamom by a dealer registered in Kerala is treated as local purchase and KVAT at a rate of 5% is applicable, whereas the purchase by a dealer registered in any other state is treated as an interstate purchase and CST at the rate of 2% only is applicable," Jayathilak explained.

An interstate buyer is getting a tax benefit of around Rs 20 per kilogram of cardamom purchased in e-auction, he noted. "Considering an average purchase size of 1.5 tonnes per dealer, the interstate buyer enjoys a huge price advantage of Rs 15,000 for every auctionThis gives the interstate dealer a distinct competitive advantage in the small cardamom trade," Jayathilak added.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - We Bring IT. Offshore software outsourcing company. We use Global Delivery Model (GDM) and believe in Follow The Sun principle

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