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 VAT and GST in India :: TAX RATES - GOODS TAXABLE @ 4% :: VAT RATES :: ACCOUNTING STANDARDS :: VAT Audit :: list of goods taxed at 4% :: TDS :: cpt :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARD :: empanelment :: due date for vat payment :: form 3cd :: Central Excise rule to resale the machines to a new company
 
 
« General »
 Tax breather for foreign investors: All you need to know
 What the increase in tax collections does not tell us about Indian economy post demonetisation
 India’s crazy retrospective tax on foreign funds will tarnish country’s reputation
 How tax related, PAN grievances can be resolved through E-Nivaran
 Tackling income tax exemptions for equities and agriculture
 Amfi wants tax benefits for retirement plans
 Top five factors which could chart market direction in the coming week
 Tax rate hikes boost shadow economy
 Tax mop-up may decline in new amnesty scheme
 Weeks before Budget, Finance Minister Arun Jaitley lists out benefit of low tax rates
 Second home loan tax benefits

Unreasonable demands
January, 07th 2009
In its latest nation-wide strike call the last was in July the All India Motor Transport Congress has made several unreasonable demands. Yet the case for rationalising taxes , revamping logistics and modernising the policy regime for road transportation is unexceptionable. In parallel, we need e-governance and computerisation in inter-state movement of goods, to cut down on long wait periods and delays in trucking pan-India. The value-added tax regime should be extended to petro-goods, especially diesel, so that transporters can claim set-offs against taxes paid. Modern road haulage is capital-intensive and transport firms need corporate structures to avail of depreciation benefits, optimise tax planning and seek funds at attractive rates. Yet theres overwhelming emphasis on truckers mostly with only a few vehicles who may not be keen on disclosures for obvious reasons. The demand to scrap registration and return filing requirements, as per the new Carriers Act, makes no sense. Similarly illogical is the demand to slash tyre prices by more than a third, and for across-the-board moratorium on repayments along with waiver of interest on truck finance for at least six months, etc. It is reasonable though that goods transporters be exempt from service tax on the consolidated invoice, which include attendant services. The Centre did belatedly on Monday exempt service tax on activities like cargo handling and storage and warehousing for transport agencies. The call to lower diesel prices due to easier imported costs is also valid. But the demand for revision by a precise (Rs 10) amount smacks of unreasonableness, especially when retail prices were left unrevised in the midst of flaring prices of crude oil. Given the slowdown in the economy, there may also be a case for rationalising taxes and duties on tyres, and rescheduling repayments and easing interest rates on truck finance. The stimulus package announced last week has measures to boost financing for non-banking finance companies. It would be logical to proactively pass on the benefits of easier cost of funds for truck finance. The big picture needs to be kept in mind in working out long-term solutions.
 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Outsourcing Test Solutions Software Testing Software Bug Testing Software Issues Tracking Software Issue Fix Software Code Optimization Database Design Optimization

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