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 :: ARTICLES ON INPUT TAX CREDIT IN VAT :: list of goods taxed at 4% :: cpt :: TAX RATES - GOODS TAXABLE @ 4% :: VAT RATES :: TDS :: articles on VAT and GST in India :: ACCOUNTING STANDARDS :: form 3cd :: due date for vat payment :: empanelment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: Central Excise rule to resale the machines to a new company :: VAT Audit
 
 
« News Headlines »
 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
 Want to save tax? Here are 6 best investment options for you

Centre, States in talks for refunding export taxes
December, 21st 2007

Relief for exporters: The Union Minister for Industry and Commerce, Mr Kamal Nath, and the President of PHD Chamber of Commerce and Industry, Mr Sanjay Bhatia, during the 102nd annual session of the chamber in the Capital on Thursday.

The Centre is in discussions with the States on the issue of formula for refund of all State-level taxes borne by exporters, the Commerce and Industry Minister, Mr Kamal Nath, has said.

This is important as States must also be wanting investment of export based industries. There are several formulae under consideration for refund of taxes. Either States themselves can refund/rebate or adjust it against allocation made to them (from the Centre), he told reporters on the sidelines of PHD Chamber of Commerce and Industry (PHDCCI) annual session held here today.

Mr Nath said that States have to generate employment and encourage exports and therefore the Centre was sensitising them on the need to refund/rebate taxes so that no taxes are exported.

The Finance Minister, Mr P. Chidambaram, had on Wednesday urged States to look at refund/rebate of all State-level taxes levied on goods and services exported from the country.

This also implied that the Finance Ministry was not keen to rebate or refund any taxes collected by the States from export goods. The Commerce Ministry was pushing for changes to the DEPB scheme so as to rebate State-level levies to exporters. This was however not acceptable to the Finance Ministry.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Multi-level Marketing MLM India Affiliate Marketing Affiliate Marketing Software MLM Software MLM Solutions Multi level marketing solutions MLM Servi

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