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

Chandigarh Administration plans to enhance VAT on motor vehicles to bring it on par with Punjab
December, 01st 2015

CITY RESIDENTS should brace themselves to dig deeper into their pockets to buy motor vehicles as the Chandigarh Administration is planning to increase value added tax (VAT) on motor vehicles to bring it on a par with Punjab.

At present, the city residents are paying 12.5% VAT while in Punjab VAT on motor vehicles is 13.2%. The proposal has been moved by the finance department and is under consideration of UT Adviser Vijay Kumar Dev.

UT Secretary (Finance) Sarvjit Singh confirmed that a proposal of hike in VAT on motor vehicles has been moved. He stated that there was need to bring parity in the rate of VAT as it will help in putting a check on malpractices.

B S Saluja, president of the Chandigarh Car Dealers Association, said that the move would neither improve nor affect sale of cars in the city. “It will only put additional burden on the consumers,” he said.
Recently, the administration had also mooted a proposal for increasing VAT on petrol to bring it on a par with Punjab and Haryana. The administration acted after a meeting of excise departments of UT, Haryana and Punjab was held to deliberate upon bringing parity in VAT on petrol.

At present, Chandigarh has the lowest VAT of 20% on petrol while Punjab and Haryana charge 32% and 26%, respectively.

In July this year, the administration had enhanced VAT on diesel from 9.68 % to 16.41%. In 2014, local Member of Parliament Kirron Kher had managed to get VAT on diesel reduced from 12.5% to 9.68%.
‘Reduce VAT on shoes, stationery and wood’

The traders of city have asked the administration to reduce VAT on shoes, stationery and wood to bring it on a par with Punjab. A delegation of Chandigarh Beopar Mandal (CBM) met the UT Adviser to discuss the issue. “When the administration is increasing VAT in city on certain items to bring it on a par with Punjab, it should also reduce VAT on items which is higher in Chandigarh as compared to Punjab,” said Kamaljit Singh Panchhi, advisor, CBM.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Content Management System developers CMS developers Content Management Solutions CMS Solutions CMS India Content Management System India CMS development India Website CMS Website Content Management India Portal CMS India CMS Outsourcing CMS Vendor Complete CMS Custom CMS Services

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