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: Central Excise rule to resale the machines to a new company :: VAT Audit :: list of goods taxed at 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT :: due date for vat payment :: ACCOUNTING STANDARD :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TAX RATES - GOODS TAXABLE @ 4% :: VAT RATES :: TDS :: empanelment :: cpt :: ACCOUNTING STANDARDS :: form 3cd :: articles on VAT and GST in India
 
 
« VAT (Value Added Tax) »
 Cabinet clears key proposals on VAT, regularisation of jobs
 Cases of VAT overcharging flood consumer forum
 State seeks relief from Centre
 Flat rate VAT changes for small businesses explained
 Cenvat Credit Of Additional Duties Of Customs [Cvd] On Imported Coal
 Excise Dept puts VAT refund on fast track
 Consumer fora receive 18 VAT plaints
 Appointment of Assistant VATO - F.3(14)/Fin(Rev-I)2012-13/DSVI/334
 Bio-diesel body seeks VAT relaxation
 HC seeks Delhi, centre reply on restaurants charging excess VAT, service tax
 Shakti Autos booked for evading VAT, bogus sales

Orissa to rationalise VAT structure
November, 14th 2011

Orissa has decided to rationalise its Value Added Tax (VAT) structure, a move that is expected to bring down the tax on some products at par with the tax rates of other states.

The VAT advisory committee headed by the state finance minister has decided to reduce the rate for products like structural steel and plywood. Presently, the VAT rate on these items is 12.5 per cent compared to four per cent in other states, said a senior official of state finance department.

He said rules are being framed under Orissa Sales Tax (Settlement of Arrears) Act 2011. Once the rules are framed, dealers in the state will be educated through workshops.

The finance department also plans to introduce e-refunds. According to this facility, if the dealers have paid surplus tax, they can get it back. It has been decided to set up help desks in all sales tax circle offices to provide e-services to small dealers. Asked if the base rate of VAT in the state will be hiked, the official said, no decision has been taken yet.

The Hota committee, an expert committee formed by the state government to suggest revenue enhancement measures, had recommended hike in base VAT rate in the state from four per cent to five per cent.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 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