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: VAT RATES :: TAX RATES - GOODS TAXABLE @ 4% :: Central Excise rule to resale the machines to a new company :: TDS :: articles on VAT and GST in India :: ACCOUNTING STANDARD :: cpt :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: list of goods taxed at 4% :: VAT Audit :: ACCOUNTING STANDARDS :: form 3cd :: empanelment :: due date for vat payment :: ARTICLES ON INPUT TAX CREDIT IN VAT
 
 
« Service Tax »
 IT infrastructure firm of GST under scrutiny for tax evasion
 GST council OKs draft law on relief to states
 GST Network gets notice for avoiding service tax
 GSTN contract may attract tax
 GST Council may discuss tax rate on gold at Udaipur meet
 Govt may rework indirect tax estimates mid-way after GST
 GST Council meeting: States allowed to tweak taxpayer division after consulting Centre
 Government may rework indirect tax maths mid-way after GST entry
 Govt may rework indirect tax mid-way after GST entry
 GST rollout will reduce disparity among states
 GST: E-tailers oppose tax laws

Electrical equipment makers lobby for tax cuts
December, 13th 2011

The Indian Electrical and Electronics Manufacturers Association (IEEMA) has sought service tax exemption for all power projects, including power generation, transmission and distribution projects, in line with other infrastructure projects such as roads, airports, ports, railways, transport terminals, bridges, tunnels and dams.

According to estimates, less than one per cent of the industrys annual turnover is invested in research and development (R&D). Buying practices of utilities do not encourage innovation or R&D, which is why the main focus of manufacturers of electrical equipment is on cutting costs and not on innovative technologies. Tax incentives would boost R&D, IEEMA has said in a presentation to the government. The entire power sector value chain is dependent on the financial viability of the distribution sector and reduction of aggregate technical & commercial losses, which at around 30 per cent currently should be addressed.

The countrys share in global export of electrical equipment is also less than one per cent and there is a need to incentivise this. The ministry of finance should work in closer coordination with the ministry of power to set an achievable target of capacity addition, IEEMA said in its pre-Budget memorandum for 2012-13.
It has also said the government should provide a level field to domestic electrical equipment makers as compared to foreign suppliers.

The cost disadvantage suffered by the domestic power equipment manufacturing industry is estimated to be around 14 per cent by a committee under the chairmanship of the Planning Commissions member (industry).

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Application Management Solutions Application Management System Application Management Software System Application Management Development Application Management Software Development

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