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: list of goods taxed at 4% :: VAT RATES :: cpt :: Central Excise rule to resale the machines to a new company :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARD :: TDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: empanelment :: due date for vat payment :: articles on VAT and GST in India :: ACCOUNTING STANDARDS :: VAT Audit :: form 3cd
 
 
News Headlines »
 How to link your Aadhaar and PAN details to file income-tax returns
 How to calculate capital gains tax on property sold at less than stamp value?
 Return Filing - Under GST, this is how you will file tax returns from July 1
 Income tax filing FAQs part 1
 Filing Income Tax Returns? Things To Keep In Mind As Deadline Approaches
 Filing of online return for 4th quarter of 2016-17- extension of period thereof.
 New tax accounting standards may reduce leeway for infrastructure companies
 GST – CONCEPT & STATUS – As on 01st May, 2017
 Govt extends VAT deadline, relief for developers
 Income Tax Appellate Tribunal Rules, 2017
 Got your Form 16? You should file income tax returns early to enjoy benefits

Govt for uniform VAT in all states between 0-4 pc: Sahai
November, 14th 2008

The Government is endeavouring to bring about uniform value added tax (VAT) in all states at between 0-4 per cent which would benefit the food processing industry, a senior Central Government Minister said.

"The Central Government has made zero excise duty. In the case of VAT, it was supposed to be uniform in all states but different products attract different rates in different states," Minister of State for Food Processing Industries, Subodh Kant Sahai, told reporters on the sidelines of the 'Food World India 2008' event, here today.

"Currently, it is in categories of 0 per cent, 4, 8 and 12.5 per cent. We request all states to bring uniformity in VAT -- it should be somewhere between 0-4 per cent.

This would benefit the industry and would result in growth," he added. The USD 200 billion food processing industry has been clamouring for an uniform Value Added Tax (VAT) regime in all states that would result in the overall growth of the industry.

Sahai said that the food processing industry in the country has not been affected by the global meltdown but was instead growing.

"The recession has not affected the food processing industry as compared to other sectors. Instead, investors are still interested in investing in this sector," Sahai said.

The relationship between industry, farmers and retailers needed to be strengthened as this would enable the sector to grow rapidly, he said.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Publishing Management System PMS News Management System Publishing Management System Development Online News Management System for media company custom Publishing management system development Survey management system Market Res

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