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 STANDARD :: due date for vat payment :: ACCOUNTING STANDARDS :: TAX RATES - GOODS TAXABLE @ 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: list of goods taxed at 4% :: VAT RATES :: articles on VAT and GST in India :: cpt :: VAT Audit :: empanelment :: TDS :: form 3cd :: ARTICLES ON INPUT TAX CREDIT IN VAT :: Central Excise rule to resale the machines to a new company
 
 
News Headlines »
 Directions under section 119 of the Income-tax Act, 1961
 Securities excluded from GST ambit in revised Bill
 GST dilemma: Hope fades for new tax regime
 5nance.com launches tax investment platform
 Is government tapping your phone?
 Income tax department to use analytics to look for discrepancies in bank accounts
 GST Council fails to break deadlock over indirect tax regime, next meet on Dec 11 and 12 to hammer out differences
 Invoking Writ Jurisdiction For Income Tax Matters
 How to file income-tax returns online
 How Income Tax Returns Are Scrutinised
 All About New Income Disclosure Scheme to make Demonetisation successful

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 2016 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