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: list of goods taxed at 4% :: articles on VAT and GST in India :: VAT Audit :: TAX RATES - GOODS TAXABLE @ 4% :: Central Excise rule to resale the machines to a new company :: ACCOUNTING STANDARD :: empanelment :: TDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARDS :: VAT RATES :: form 3cd :: cpt :: due date for vat payment
 
 
VAT (Value Added Tax) »
 Understanding VAT refunds
  Note ban got Maharashtra govt an extra ?125cr from fuel VAT
 Note ban got Maharashtra govt an extra ?125cr from fuel VAT
 Higher tax mop up reflects no slowdown post demonetisation, says Arun Jaitley
 Traders transition from VAT to GST
 FM Arun Jaitley defends note ban with jump in tax numbers
 States record jump in VAT collections after note ban
 Migration from Value Added Tax to GST begins
 VAT is coming: a historic change and leap into the unknown
 Online sales clampdown nets VAT registrations
 Telangana House passes Bill to reduce VAT on cell phones

Sukhbir misleading industry on VAT refund: Punjab Congress
January, 18th 2014

To target deputy chief minister Sukhbir Singh Badal on his allegedly false promises to the industry on the value added tax (VAT) refund, Punjab Pradesh Congress Committee (PPCC) on Friday came up with some more information received under the RTI Act. PPCC president Pratap Singh Bajwa informed that till date, Rs380.78 crore VAT refund is pending. This information under RTI was provided to one Jasdeepak Singh.

The information provided by the excise and taxation department of Punjab has revealed that till December 31, 2013, VAT refund of Rs380.78 crore were pending, after 90 days of raising the claim. Bajwa accused Badal of "misleading the industrial houses and investors on prevailing economic situation in Punjab, especially giving fast clearance of VAT refund."

He alleged that fake projections of facilities being given to industry in Punjab was one of the major reasons as to why no new investment was coming to the state, and that the existing industry and traders were fed up with the SAD-BJP government. Badal during the recently held Progressive Punjab Investment Summit had claimed that Punjab had started online refund of VAT claims and had also promised special incentives to the IT industry in refund of VAT.

Bajwa said that at the end of financial year 2006-2007, when SAD-BJP government came to power, the total pending VAT refund was Rs45.75 crore. "After that, the figure of fund refund started rising and by the end of 2009-2010 fiscal, the amount reached at Rs264.25 crore. It rose to Rs380.78 crore by December 2013. It is expected to go high by the end of current financial year," claimed the Punjab Congress chief.

Bajwa added, if that was the state of affairs in excise and taxation department, Badal can't blame the opposition parties for painting gloomy picture of Punjab. He said that fake projections, made by the deputy CM, were doing real damage to the state.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Desktop Application Development Outsourcing Desktop Application Development Offshore Desk

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