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 :: form 3cd :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ACCOUNTING STANDARDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: articles on VAT and GST in India :: Central Excise rule to resale the machines to a new company :: VAT RATES :: VAT Audit :: cpt :: empanelment :: TDS :: TAX RATES - GOODS TAXABLE @ 4% :: list of goods taxed at 4% :: due date for vat payment
 
 
« News Headlines »
 10 ways you get benefited from filing your tax return
 Returns under CGST Act,2017 with Rules
 Ten facts to know about filing income tax return this year
 The Ten Commandments of Tax Filing
 How to claim income tax refund
 How to time your buys to have best of two tax regimes
 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

Tax pilferage: VAT on food served in marriage parties now
December, 03rd 2007
In order to put a check on pilferage of taxes, excise and taxation officials have now introduced VAT on the food that is served in marriage parties held in city marriage palaces.

According to a recent notification issued by the Deputy Excise and Taxation Commissioner (DETC) M S Kondlus, the host of the party will have to deposit Rs 5,000 as VAT on the food being served in the party. He added, In case the catering is being done by a registered caterer, we will charge VAT from the concerned caterer but Rs 5,000 has to be deposited by the party only in case they are arranging halwais on their own who have no VAT number making it difficult for us to charge tax.

Kondlus said if the host does not want to pay Rs 5,000 VAT, he will have to show us the original bills of the food items purchased for the party.

According to the excise officials, Ludhiana residents throw lavish parties on such occasions in which a variety of food items are served but whenever we ask the marriage palace owner or the host about the caterers, they give us vague replies.While the host says that the palace owner arranged the halwai and hence the bills are not with him, the palace owner in return passes the buck to the host. As a result, the excise teams have not been able to collect much tax from this category.

Kondlus said, Because VAT has been imposed on food items, we thought of imposing a lump sum tax on marriage parties. The host will be charged a penalty if found organising a party without this permit. We are now hopeful of getting good returns from this segment.

While the excise department is expecting to bring in good revenue as the marriage season is in full swing these days, the notification has made the venue owners and the hosts of the parties crying foul. They say that now all of a sudden they have to rush to the Excise Department to deposit the fees. Earlier, only liquor permit was issued by the Excise Department to those who wanted to serve liquor in their parties.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Desktop Application Development Outsourcing Desktop Application Development Offshore Desk

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