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: list of goods taxed at 4% :: Central Excise rule to resale the machines to a new company :: VAT RATES :: ACCOUNTING STANDARD :: TAX RATES - GOODS TAXABLE @ 4% :: empanelment :: due date for vat payment :: TDS :: articles on VAT and GST in India :: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT Audit :: form 3cd :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: cpt :: ACCOUNTING STANDARDS
VAT (Value Added Tax) »
 Cenvat Credit Of Additional Duties Of Customs [Cvd] On Imported Coal
 Excise Dept puts VAT refund on fast track
 Consumer fora receive 18 VAT plaints
 Appointment of Assistant VATO - F.3(14)/Fin(Rev-I)2012-13/DSVI/334
 Bio-diesel body seeks VAT relaxation
 HC seeks Delhi, centre reply on restaurants charging excess VAT, service tax
 Shakti Autos booked for evading VAT, bogus sales
 VAT sops to IOCL Paradip refinery hits Odisha revenue growth
 Government to announce new VAT rates in October
 World Wide Gst, Vat, Sales Tax Rate
 Article on Transition Process of Registrations under VAT / Service Tax Laws to GST Law

Tax advocates urge Delhi govt not to hike VAT
December, 13th 2011

The All India Tax Advocates Forum (AITAF) today asked the Delhi government not to propose any hike in VAT during the budget for next fiscal in view of the rising inflation and instead focus on realising tax dues amounting to over Rs 3,000 crore. "Delhi is in need of resource mobilisation to fund its manifold developmental activities. But, it will not be advisable to raise resources through further hike in VAT (value-added tax) rates in view of rising inflation, which is hitting the common man very hard," AITAF President M K Gandhi said in a statement.

He said as the exercise for preparation of the Budget 2012-13 for the Delhi government gathers momentum, all efforts must be made to recover tax dues locked up in thousands of tax disputes cases rather than raising VAT. Before VAT came into force in 2005, sales tax demand of nearly Rs 650 crore was locked up in as many as 3,249 cases, which are at various stages of appeals.

Similarly, an amount of nearly Rs 2,400 crore is stuck due to nearly 14,800 objection cases pending before VAT authorities for disposal, the statement said. "The Delhi government targeted to raise revenues of over Rs 12,500 crore through VAT in 2011-12. Thus nearly 25 per cent of VAT revenues have been locked up due to pendency of disposal of appeal and objection cases. "Therefore, the government should focus on expeditious disposal of these pending VAT-related cases," Gandhi, who is also a leading tax consultant, said.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Software Work Flow Workflow Software Software Automation Workflow automation Software Design Workflow Design Business Work Flow Workflow automation tools

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