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: TAX RATES - GOODS TAXABLE @ 4% :: empanelment :: TDS :: list of goods taxed at 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: cpt :: ACCOUNTING STANDARDS :: form 3cd :: ACCOUNTING STANDARD :: due date for vat payment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT Audit :: articles on VAT and GST in India :: Central Excise rule to resale the machines to a new company :: VAT RATES
 
 
VAT (Value Added Tax) »
 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
 Cenvat Credit Rules, 2017 – Part I
 How much do you know about VAT as a taxpayer?
 New tax structure not higher than VAT

Gurgaon traders oppose VAT on saris
October, 18th 2013

Despite chief minister Bhupinder Singh Hooda on October 7 announcing reduction of Value Added Tax (VAT) on textile products from 12.5% to 5%, traders in the city are not entirely happy. Now, they want zero VAT on saris.

"The decision to levy VAT on saris will have an adverse affect

, as prices will invariably go up. Sari is not a ready-to-wear product. After purchase, it needs other embellishments, like pico work, inserting falls, putting charak and polish. Therefore, VAT on saris does not make sense," said Pradeep Maheshwari, president, Gurgaon Clothes Merchant Association.

Women too expressed their concern. "This means that cost will go up. This is a very unpopular move on part of government," said Nirmal Aggarwal, a customer at a sari shop.

A few years ago, Delhi and Uttarakhand governments had imposed taxes on saris, but due to protests from the traders, they eventually withdrew it.

"Earlier, we came to know that the tax is 12% and later we learnt it has been reduces to 5%. The traders are confused. If VAT is imposed on saris, the traders will be harassed," said Naresh Aggarwal, vice-president, Traders Vayapar Mandal, Haryana.

Several traders from Sadar Bazaar and Khandsa Road, where leading sari showrooms are located, said the decision will impact on sales. "If prices go up, customer will go to Delhi for their shopping. Our sales will dwindle," said Vicky Bansal, a trader.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Software Development Software Programming Software Engineering Custom Software Development Requirement Based Software Development Software Solutions Software Serv

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