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 :: list of goods taxed at 4% :: empanelment :: Central Excise rule to resale the machines to a new company :: VAT RATES :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: form 3cd :: articles on VAT and GST in India :: ACCOUNTING STANDARDS :: due date for vat payment :: cpt :: VAT Audit :: TAX RATES - GOODS TAXABLE @ 4%
« VAT (Value Added Tax) »
 Cenvat Credit Of Additional Duties Of Customs [Cvd] On Imported Coal
 Excise Dept puts VAT refund on fast track
 Consumer fora receive 18 VAT plaints
 Appointment of Assistant VATO - F.3(14)/Fin(Rev-I)2012-13/DSVI/334
 Bio-diesel body seeks VAT relaxation
 HC seeks Delhi, centre reply on restaurants charging excess VAT, service tax
 Shakti Autos booked for evading VAT, bogus sales
 VAT sops to IOCL Paradip refinery hits Odisha revenue growth
 Government to announce new VAT rates in October
 World Wide Gst, Vat, Sales Tax Rate
 Article on Transition Process of Registrations under VAT / Service Tax Laws to GST Law

Karnataka Tax Dept concern over differential VAT issue
January, 18th 2012

Commercial taxes department has taken note of differential value-added tax (VAT) on items supplied to the Government and State entrepreneurs are losing business opportunities, said the Karnataka Commissioner of Commercial Taxes, Mr Pradeep Singh Kharola.

Addressing the Karnataka Small-Scale Industries Association (Kassia) members at an interactive workshop, Mr Kharola said Yes, this is a genuine concern of small and medium entrepreneurs and it will be taken up with the finance department in our next meeting.

Commending the tax payers for prompt filing of taxes, he said after the introduction of VAT in Karnataka, the Department has been performing well in bringing in reforms for efficient tax mobilisation and has maintained good tax GDP ratio.

Mr Kharola said Ever since we introduced e-filing, there has been a good response for it.

In just under three months, we have achieved 100 per cent i.e. is all 4.5 lakh dealers in the State have begun to file online.

Talking on e-sugam, he said nearly 90 per cent of transactions have moved to e-sugam mode and the State is likely to achieve 100 per cent by March.

The department by moving into this method (e-sugam), a voluntary disclosure and filing, has been able to save nearly two tonnes of paper, he added.

Commercial taxes department is also working on a mechanism for e-refund. This is an area of concern for both the department and the business community. This will be done in a phased manner from the next financial year, he said.

The Kassia President, Mr Prakash N. Raikar, submitted a memorandum to the Karnataka Government containing few grievances of the SMEs.

Mr Vijay Makal, Chairman, Kassia sub-committee on commercial taxes, brought to the notice of Commissioner of Commercial Taxes that there are number of items of mass consumption such as processed food items, packaged drinking water, utensils which are under 14 per cent VAT.

The Government has exempted most of the food items such as bread and bun etc., from payment of VAT or levying virtually zero per cent tax. But the products such as machine-made chapattis, which very much fit into the definition of bread (specially as Indian bread), are altogether undergoing different treatment.

We wish the Government to intervene in such situation and reduce the rate of tax from 14 per cent to 4 per cent, he added.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Article Management Solutions System Article Management Software S

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