Latest Expert Exchange Queries

Make 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) | 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 :: ACCOUNTING STANDARDS :: empanelment :: TDS :: VAT Audit :: list of goods taxed at 4% :: due date for vat payment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: cpt :: VAT RATES :: ACCOUNTING STANDARD :: TAX RATES - GOODS TAXABLE @ 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: form 3cd :: Central Excise rule to resale the machines to a new company
 
 
VAT (Value Added Tax) »
 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
 Amendments in the Second Schedule appended to the Act (Delhi Value Added Tax Act, 2004)

Trade associations want rollback of hike in VAT
January, 20th 2010

Trade associations from coastal districts in Andhra Pradesh demanded that the government immediately roll back the enhanced taxes imposed on certain goods coming under Value Added Tax (VAT).

The government had hiked VAT by over two per cent from 12.5 to 14.5 per cent on cosmetics, electrical appliances, automobile spares and some other products with effect from January 15.

In protest, traders and businessmen from all coastal districts met here this morning to decide the future course of action on the issue.

Indian Chamber of Commerce and Industry Guntur President A Anjaneyulu told reporters after the meeting the decision of the government to increase VAT on certain items was against the principle of Uniform Tax being implemented all over the country.

He questioned the government on why it had taken a hasty decision when the Budget Session of the Assembly was slated in the second week of next month.

Mr Anjaneyulu also said the State Government decision was not proper as the Centre was contemplating to introduce Goods and Service TAX (GST) shortly and opined the increased taxes under VAT would put more burden on the common man.

Vijayawada Chamber of Commerce and Industry President Gaddam Subba Rao termed the government decision as anti-people.

The Congress Government could expect higher revenue with the increase of taxes but it may lose by more evasion, he contended.

Andhra Pradesh Lorry Owners Association (APLOA) General Secretary Y V Eswara Rao said the hike on VAT would hit the transport sector.

He said with the increase of taxes, many disputes have been arising between transport vehicle buyers and suppliers on collection of the taxes.

If the trend continued in Andhra Pradesh, many transport operators will shift their operations to neighbouring States like Tamil Nadu and Karnataka where the taxes are low.

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

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