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: Central Excise rule to resale the machines to a new company :: TAX RATES - GOODS TAXABLE @ 4% :: empanelment :: cpt :: ACCOUNTING STANDARD :: list of goods taxed at 4% :: articles on VAT and GST in India :: ARTICLES ON INPUT TAX CREDIT IN VAT :: due date for vat payment :: ACCOUNTING STANDARDS :: VAT RATES :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: VAT Audit :: TDS :: form 3cd
 
 
Service Tax »
 GST coming soon, but don’t expect quick benefits; rich valuation to stall stocks
 FM Arun Jaitley underlines urgency to pass GST bills in this Parliament session
 Government may table 4 GST bills in Parliament today
 Applicability Of Gst Law On Educational Institutions
 Cabinet clears 4 Bills, GST likely to roll out by July 1
 GST may also impact income tax collections: Experts
 Companies, consultants grope in the dark to meet GST deadline
 Cabinet approves GST, e-commerce cos to pay up to 1% tax
 Cabinet approves supporting GST legislations ahead of 1 July roll-out
 GST: Centralized assessment for service-oriented industries likely
 Tax department to calculate GST’s impact on inflation

IEEMA demands service tax exemption to all power projects
December, 14th 2011

Ahead of the 2012-13 Union budget, electrical equipment industry body IEEMA has demanded extension of service tax exemption to all power projects, including generation, transmission and distribution.

Indian Electrical and Electronics Manufacturers' Association (IEEMA) has demanded extension of exemption to all power projects in line with other infrastructure projects like roads, airports, ports, a release issued here today stated.

"The domestic electrical equipment manufacturing industry suffers a substantial cost disadvantage of 14 percent vis-a-vis imports due to the levy of several local taxes," IEEMA President Ramesh Chandak said.

He said that the government should provide a level playing field to domestic manufacturers as per recommendations of the Arun Maira Committee, by levying customs duty at 10 percent and special additional duty (SAD) at four percent and waiving countervailing duty (CVD) on all categories of power projects.

"Simultaneously, deemed export benefits in the form of excise duty exemption or refund should also be provided to the domestic suppliers," he demanded.

Currently, all imports are exempted from levy of central sales tax (CST) or value added tax, while all domestic supplies attract CST at two percent and VAT from 5-14.5 percent though the state governments have been advised to exempt supplies to mega power projects from sales tax and other local levies, he said.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
E-catalogue online catalogue E-brochure online brochure online product catalogue online product catalogue e-catalogue Indi

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