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: empanelment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: articles on VAT and GST in India :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARD :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: VAT RATES :: due date for vat payment :: Central Excise rule to resale the machines to a new company :: form 3cd :: list of goods taxed at 4% :: cpt :: ACCOUNTING STANDARDS :: VAT Audit :: TDS
 
 
« Sales Tax »
 Tax on high seas sales becomes dispute area
  State extends GST enrolment deadline
 State extends GST enrolment deadline
 To protect its status, state forms panel to draft legislation on GST
 India Fails to Break Deadlock on New Sales Tax
 Sales tax staff protest against goods service tax council
 Income tax survey on city jeweller
 Service tax levy to weigh on upstream companies’ earnings
 5 pc tax on online sales awaits Cabinet approval
 Amendment to Additional Sales Tax Act unconstitutional: High Court
 Maharashtra will soon achieve Rs one lakh cr sales tax : CM Devendra Fadnavis

Govt not to extend sales tax amnesty scheme
December, 23rd 2011

The state government has decided not to extend an ongoing scheme aimed at helping traders settle their sales tax arrears pending for years. The government has been able to rake in only Rs 5 crore ever since the six-month-long scheme, titled Samadhan, was introduced on November 1 as against a target of Rs 500 crore despite waiver of interest, penalty and a part of tax.

"We have made efforts to convince the trading community through various initiatives. We hope the momentum will pick up after February," a government official said. The first Samadhan scheme introduced in 1999 fetched the state exchequer Rs 19.87 crore, while Rs 169.69 crore was collected last year under the scheme. Three such schemes implemented in 2002, 2006 and 2008 earned the government only Rs 151 crore.

With the state facing a debt of Rs 1.01 lakh crore, it was looking at ways to generate revenue and enacted the Tamil Nadu Sales Tax (Settlement of Arrears) Act, 2011 to collect a large amount of tax, penalty and interest pending for years. The plan was to help the cash-strapped exchequer earn a sizeable sum by giving traders relief on penalty and waiving 60% of tax payable. According to the commercial taxes department, the pending sales tax arrears over the last two decades amount to Rs 9,944 crore.

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

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