Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
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) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
 
 
 
 
Popular Search: VAT RATES :: form 3cd :: Central Excise rule to resale the machines to a new company :: articles on VAT and GST in India :: ACCOUNTING STANDARD :: ACCOUNTING STANDARDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: cpt :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TAX RATES - GOODS TAXABLE @ 4% :: TDS :: list of goods taxed at 4% :: empanelment :: due date for vat payment :: VAT Audit
 
 
VAT (Value Added Tax) »
  Filing of reconciliation return in form 9 for the year 2016-17
 Govt may send notice to 162 companies; ask for VAT returns
 Cenvat Credit Is Not Income Liable To Be Taxed
 Cos wanting to claim VAT refund on employees' foreign stay can get professional help
 Regarding disposal of pending form DVAT 04 & 07 Form Applications
 Disposal of pending Form DVAT 04 & Form DVAT 07 applications: regarding
 Cenvat Credit Rules, 2017 III Part
 VAT phased out in TS
 Cenvat Credit Rules, 2017 II Part
 Cenvat Credit Rules, 2017 – Part I
 How much do you know about VAT as a taxpayer?

Raises VAT rates by 1-1.5%
December, 31st 2009

The Chhattisgarh government has decided to raise the value-added tax (VAT) by 1 to 1.5 per cent with effect from January 1, 2010.

The notification to this effect has been issued and the new VAT rate will come into force with the New Year, official sources in the department of commercial tax said. The rate hike will be on all the items.

The items taxed at four per cent earlier will now have to pay five per cent VAT, sources said, adding that the VAT on the items that were taxed at 12.5 per cent earlier would now increase to 14 per cent.

The state government is expected to mop up Rs 85 crore as additional revenues in the current fiscal with the increase in the VAT rate, sources added. In the fast financial year, it had collected Rs 39 crore as VAT.

The officials feel that the additional revenue will help to cover the loss following recession.

The revenue collection in the state has also suffered due to economic slowdown.

The Chhattisgarh Chamber of Commerce castigated the increase in VAT rate and said it would increase burden on common man.

People are already reeling under the pressure of price hike and the new rate will add new burden on them, Chamber President Sreechand Sunderani said.

The Chamber had demanded that the state government should roll back the VAT increase in the larger interest of the common man, Sunderani added.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Sitemap

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