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 STANDARD :: VAT Audit :: Central Excise rule to resale the machines to a new company :: empanelment :: form 3cd :: list of goods taxed at 4% :: ACCOUNTING STANDARDS :: articles on VAT and GST in India :: VAT RATES :: TDS :: TAX RATES - GOODS TAXABLE @ 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: cpt :: ARTICLES ON INPUT TAX CREDIT IN VAT :: due date for vat payment
 
 
« General »
 Simplified one page Income Tax Return Form: Changes to keep in mind before filing tax return for AY2017-18
  No proposal to replace Income Tax with Banking Cash Transaction Tax
 GST coming July 1 despite calls for delay: Revenue Secretary Hasmukh Adhia
 Centre introduces provision of taxation on NPS in Income Tax Act
 Income Tax Department Clarifies On Cash Withdrawal From Banks, Post Offices
 The Goods And Services Tax (Compensation To States) Bill, 2017
  Goods and Service Tax (GST) and Real Estate Sector
 New Income Tax Rules On Home Loan Come Into Effect
 Here's how late filers can save on stress and taxes
 Clarifications on the Taxation and Investment Regime for Pradhan Mantri Garib ?Kalyan Yojana, 2016
 Companies should invest in upgradation of tax technology

State government levies take sting off tax breaks for cars
January, 07th 2009
The Centre proposes, the state disposes. The Central governments plan to revive demand for the ailing car industry with excise duty cuts totalling 8 per cent is coming undone because of state-level levies that substantially negate the price effect. Atleast six states, including Andhra Pradesh, Tamil Nadu, Karnataka and Gujarat have increased road taxes after excise duties on small cars were slashed by 4 percentage points in February 2008. Some 10 states including Delhi are looking to hike road taxes again after the second round that came as part of the stimulus package last month. So, the price tag in the showroom means very little. The industry needs a big bang approach and the government has already done its bit by affecting the CENVAT (Central value added tax) cut in December. In many cases however, it could be negated by states raising registration and road taxes or imposing new taxes, said Dilip Chenoy, Director General, Society of Indian Automobile Manufacturers (SIAM). In the last one year, a number of states have tried to transfer the benefits of central excise cut to their coffers. Gujarat for example, imposed a 20 per cent surcharge on VAT in April, while Tamil Nadu and Karnataka raised road tax by 2 per cent in June and August.
 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
E-catalogue online catalogue E-brochure online brochure online product catalogue online product catalogue e-catalogue Indi

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