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: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARDS :: ACCOUNTING STANDARD :: form 3cd :: due date for vat payment :: empanelment :: Central Excise rule to resale the machines to a new company :: cpt :: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT Audit :: list of goods taxed at 4% :: articles on VAT and GST in India :: TAX RATES - GOODS TAXABLE @ 4% :: VAT RATES :: TDS
 
 
VAT (Value Added Tax) »
 Haryana govt exempts solar equipment from VAT
 AP to push for same benefits under GST for VAT exempted goods
 Andhra Pradesh to push for same benefits under GST for VAT exempted goods
 Petrol prices set to rise in Goa with increase in VAT
 Payment systems to remain open on all days from March 25, 2017 to April 1, 2017
 Delhi cuts VAT on ATF to 1% for regional flights; other states to announce the same soon a
 Shops cannot charge VAT on discounted items: Consumer forum
 Delhiites have to pay lowest taxes as AAP govt announces cuts on VAT on various items
 Tamil Nadu minister justifies VAT hike on fuel
 State Government urged to withdraw hike in VAT on petrol, diese
 High VAT may encourage illegal trading

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