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: VAT RATES :: TDS :: Central Excise rule to resale the machines to a new company :: TAX RATES - GOODS TAXABLE @ 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT :: list of goods taxed at 4% :: ACCOUNTING STANDARDS :: due date for vat payment :: empanelment :: cpt :: VAT Audit :: articles on VAT and GST in India :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARD :: form 3cd
 
 
« Sales Tax »
 India Fails to Break Deadlock on New Sales Tax
 Sales tax staff protest against goods service tax council
 Income tax survey on city jeweller
 Service tax levy to weigh on upstream companies’ earnings
 5 pc tax on online sales awaits Cabinet approval
 Amendment to Additional Sales Tax Act unconstitutional: High Court
 Maharashtra will soon achieve Rs one lakh cr sales tax : CM Devendra Fadnavis
 CBEC chief bats for minimal exemptions for India Inc under GST
 Issuance of Free Sale & Commerce Certificate to Merchant Exporters
 Why model GST law does not give confidence to exporting community
 State governments tighten their grip on sales tax holidays

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 2016 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