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: due date for vat payment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ACCOUNTING STANDARDS :: TDS :: list of goods taxed at 4% :: form 3cd :: Central Excise rule to resale the machines to a new company :: articles on VAT and GST in India :: VAT RATES :: VAT Audit :: empanelment :: TAX RATES - GOODS TAXABLE @ 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARD :: cpt
 
 
« VAT (Value Added Tax) »
 Import stage VAT under new VAT law
  VAT returns: Relief for traders as UT allows old form
  Grant of Registration under DVAT and CST
 Taxpayers Face Big Financing Costs From VAT Bill 2017
 VAT returns: Relief for traders as UT allows old form
 Gov’t agrees to retain VAT exemptions of seniors, PWDs Read more: https://business.inquirer.net/223121/govt-agrees-retain-vat-exemptions-seniors-pwds#ixzz4W5NV2I48 Follow us: @inquirerdotnet on Twitter | inquirerdotnet on Facebook
 Understanding VAT refunds
  Note ban got Maharashtra govt an extra ?125cr from fuel VAT
 Note ban got Maharashtra govt an extra ?125cr from fuel VAT
 Higher tax mop up reflects no slowdown post demonetisation, says Arun Jaitley
 Traders transition from VAT to GST

VAT income rises by 11% in seven months
December, 09th 2011

The city of diamonds has always been in the forefront when it comes to revenue collection by Central government, state government and municipal corporation.

In one such development, the income from collection of value-added tax (VAT) by the sales tax department has increased by 11 per cent from April to October 2011 at Rs.2593 crore compared to Rs 2,290 crore - an increase of Rs 303 crore - during the same period in previous year.

Official sources said the state finance department has revised the VAT target from Rs 4,018.81 crore in 2010-11 to Rs 5,790 crore for 2011-12. In seven months starting from April-2011, the department has collected VAT income to the tune of Rs 2,593 crore.

A senior sales tax officer admitted that inflation has led to an increase in the VAT income for the department.

As consumers in the diamond city are buying more and with the prices of petrol, diesel, natural gas and CNG increasing, the traders and the manufacturing companies have to pay more VAT.

"VAT makes the largest contribution to the state when compared to other taxes and Surat is the second biggest contributor after Ahmedabad. This could be gauged from the fact that the state finance department has increased Rs 1,718 crore income target in 2011-12 compared to previous year," said the sales tax officer.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Integrated Software Solutions Integrated Software Development Integrated Software Services Integrated Software Solutions India Integrated Softw

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