Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
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) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
 
 
 
 
Popular Search: VAT Audit :: Central Excise rule to resale the machines to a new company :: TDS :: due date for vat payment :: ACCOUNTING STANDARD :: cpt :: articles on VAT and GST in India :: ACCOUNTING STANDARDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: list of goods taxed at 4% :: form 3cd :: VAT RATES :: TAX RATES - GOODS TAXABLE @ 4% :: empanelment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes
 
 
VAT (Value Added Tax) »
 Disposal of pending Form DVAT 04 & Form DVAT 07 applications: regarding
 Cenvat Credit Rules, 2017 III Part
 VAT phased out in TS
 Cenvat Credit Rules, 2017 II Part
 Cenvat Credit Rules, 2017 – Part I
 How much do you know about VAT as a taxpayer?
 New tax structure not higher than VAT
 Cos will be reimbursed for exemptions that currently exist in the VAT regime
 GST will get states more than VAT
 Is it a modified Value Added Tax?
 GST regime: VAT Commissioner and CBEC to work with businesses

Industrialists see red as VAT meeting postponed again
December, 21st 2015

The scheduled meeting of cabinet sub-committee on tax reforms has been postponed again leaving industrialists fuming. Now the new date for the same has been fixed for December 22, said sources in the government.

This is the second time in the month that the meeting has been postponed by the government. Earlier this meeting was scheduled to be held on December 8 which was postponed to December 17.

In the initial meeting held on the December 3, deputy chief minister Sukhbir Singh Badal had announced that his government will frame 'Make in Punjab' policy within a month's time and announce cuts in VAT rates on several items. But almost three weeks after these assurances, there hasn't been a second meeting of the cabinet sub-committee.

Dejected over the postponement of the meeting, city industrialists who were awaiting VAT cuts this month have accused the government of adopting different standards for existing and new industry coming into the state.

Coming out heavily against the government, Raj Kumar Singla, president, Fastners' Suppliers Association of India, said, "The postponement of meetings clearly shows that the government is least bothered about plight of the existing industry. We fail to understand why meetings have been postponed twice without any reason. Everyone was eagerly looking forward to the fulfillment of promises which were made earlier this month by deputy CM and the industry minister to help Punjab's industry." He went on to add, "Had it been a meeting for the new investors, we wouldn't have seen such an attitude of the government. It's only existing industrialists who are being taken for granted."

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Article Management Solutions System Article Management Software S

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