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: ACCOUNTING STANDARDS :: Central Excise rule to resale the machines to a new company :: form 3cd :: empanelment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: due date for vat payment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TDS :: cpt :: articles on VAT and GST in India :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARD :: VAT RATES :: list of goods taxed at 4% :: VAT Audit
 
 
« News Headlines »
 Here's why you must always check Form 26AS before filing tax return
 Want to file your income tax return after June 30? Having Aadhaar card is a must
 Timeline for filing of tax returns extended by two months
 Top 5 common mistakes to avoid while filing your income tax returns
 GST rollout on July 1: Deadline for filing tax returns extended
 What is GST?
 Income-tax (15th Amendment) Rules, 2017?
 Banks get a breather as GST Council extends deadline for tax filing
 Income Tax filing: Your easy guide in 7 steps
 E-filing income tax return: How individuals can upload any ITR using excel utility
 Top 10 common mistakes to avoid when e-filing your income tax return

ST dept checks books of hotels in Gujarat
November, 14th 2006
The state commercial tax department has carried out an extensive inspection of ledger books of 950 eateries across Gujarat to check for evasion of value added tax (VAT). 
 
The inspection was carried out at hotels and restaurants. M M Srivastav, commissioner of state commercial tax, said, The inspection was carried out for two days and, if needed, it would be extended. 
 
About 545 officials from the commercial tax department were involved in the operation. 
 
During the inspection, the bills were checked for any tax evasions resorted to by the owners. 
 
The department checks the number of employees, electricity consumption and the interior decoration of each hotel to estimate the kind of income that can be generated from the business of an individual hotel. 
 
The department has kept drop boxes at eateries for the customers to drop their bills to pick up lucky winners of the lottery scheme being conducted by the commercial tax department. 
 
The aim of the lottery scheme is to encourage consumers to insist on bills so that shop owners are compelled to pay VAT. 
 
Speaking to Business Standard, Bhupendra Khakhar, president of Rajkot Hotelier Association, said, "The inspection was conducted to ensure that hoteliers were adhering to VAT regulations. Initially, there was 4 per cent sales tax on hotels and restaurants. After the introduction of VAT, it was hiked to 12.5 percent, which was in force till September before it was reverted to 4 per cent." 
 
As the government has stipulated a few set of rules prior to revising the VAT structure, officials also checked if the owners were charging above 4 per cent tax, added Khakhar. 
 
A VAT official in the department did not rule out more inspections in the near future.
 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Our Team

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