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 :: VAT RATES :: form 3cd :: VAT Audit :: ACCOUNTING STANDARD :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARDS :: TDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ARTICLES ON INPUT TAX CREDIT IN VAT :: Central Excise rule to resale the machines to a new company :: due date for vat payment :: articles on VAT and GST in India :: cpt :: list of goods taxed at 4%
 
 
VAT (Value Added Tax) »
 Amendments in the second Schedule received from Finance Deptt.
 VAT exemption stays in tax reform bill
 Income Tax Appellate Tribunal Bangalore Banches Bangalore 'A' Bench DB Case Causelist for The Week from 22-05-2017 To 25-05-2017
 Amendments in Second schedule appended to Delhi Value Added Tax Act, 2004
 Haryana govt exempts solar devices from VAT net
 Court rules out VAT on Paradise equity transfer
 VAT gone but riddle of derivatives traded on commodity exchanges lives on
 Rule 2(L) Of Cenvat Credit Rules, 2004 Amended
 Haryana govt exempts solar equipment from VAT
 AP to push for same benefits under GST for VAT exempted goods
 Andhra Pradesh to push for same benefits under GST for VAT exempted goods

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 2017 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