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: ACCOUNTING STANDARDS :: ACCOUNTING STANDARD :: TAX RATES - GOODS TAXABLE @ 4% :: form 3cd :: cpt :: VAT RATES :: ARTICLES ON INPUT TAX CREDIT IN VAT :: Central Excise rule to resale the machines to a new company :: due date for vat payment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: empanelment :: VAT Audit :: list of goods taxed at 4% :: TDS :: articles on VAT and GST in India
« 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

Auto parts association thanks govt for revised VAT
December, 26th 2013

The Auto Parts Manufacturers Association (India) on Wednesday thanked the government of Punjab for the recently announced proposal for the reduction in the Value-added Tax (VAT) on iron and steel items.

In a press note released to the media, association president Gurpargat Singh and general secretary Ranjodh Singh expressed their views, saying that this step of the state governemnt would be highly beneficial to iron and steel rolling mills and pipe manufacturers.

Under the new structure, it has been proposed to reduce VAT from 4.95 per cent to 2.5 per cent, with surcharge of 10% on scrap. The order will be notified and implemented from February 1, 2014.

Gurpargat Singh Kahlon also appealed to the state government to reduce VAT on auto parts from 12.75% to 4.5% at par with tractor and combine parts due to the reason that most of the items of auto parts are used with same materials, sizes and specifications but the VAT rate on auto parts is 12.75% while on tractors and combine parts it is 4.5%. "Due to this difference and high rate of VAT on auto parts, this industry has become uneconomical and uncompetitive. For the last several years our association is demanding continuously for the reduction of VAT on auto parts which would be big relief and give a big boost to this sector."

Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Multi-level Marketing MLM India Affiliate Marketing Affiliate Marketing Software MLM Software MLM Solutions Multi level marketing solutions MLM Servi

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