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
« Sales Tax »
 Selling inherited gold? Income tax rules you should know
 How do you decide capital gains tax on property sale?
 How is long-term capital gains tax on sale of property calculated
 GST dept probe on Mismatch in Sales Tax Return and E-Way Bill
 Clarification on Cash sale of agricultural produce by Cultivators/Agriculturists
 Short-term capital gains are taxable at income tax slab rates in the year of sale
 India imposes regressive nationwide sales tax
 Modification of Circular No.1 of 2014 in view of substitution of Service Tax by Goods and Services Tax (GST).
 Assam government to dismantle all sales tax check-gates post Goods and Services Tax
 Income tax: How to calculate capital gains tax on sale of old jewellery
 Six arrested for posing as Sales Tax officers, extorting money

Biz body pleads tax concession
January, 02nd 2009

Singhbhum Chamber of Commerce and Industry (SCCI) requested the state government to defer the payment of advance of sales tax in view of global economic recession.

SCCI officials said they have also requested chief minister Shibu Soren and finance minister Stephen Marandi to take measures to save the industrialists in the region. At present, the industrialists wont be able to pay advance sales tax to the department. We are reeling from crisis, so it is almost impossible for us to pay advance sales tax, said SCCI vice-president Suresh Sonthalia.

He said there were about 800 industrial units in the region dependent on the big industries operating in the region. More than 70 per cent of the industrial units are Tata Motors ancillary. These units have taken a hit due to the slump in the demand of heavy vehicles.

Now, the bigger industrial units have extended the credit limit of 60 days to 90 days. It means the suppliers are getting their payment after a gap of three months, said a member of SCCI.

According to him, the suppliers were required to pay their sales tax due each month. We want that in view of sudden economic downturn, the state government should provide us at least 60 days time to pay the sales tax dues, said Sonthalia.

Moreover, the SCCI in its letter to the government demanded similar relief on payment of electricity dues.

Jharkhand State Electricity Board levied penalty on the defaulter industrial units. We have requested the government to ensure that this penalty is exempted and we are provided some relive in this crisis situation, added Sonthalia.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2019 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - We Bring IT. Offshore software outsourcing company. We use Global Delivery Model (GDM) and believe in Follow The Sun principle

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