Latest Expert Exchange Queries

GST Demo Service software link:
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft
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) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Popular Search: Central Excise rule to resale the machines to a new company :: cpt :: VAT Audit :: empanelment :: ACCOUNTING STANDARD :: due date for vat payment :: form 3cd :: VAT RATES :: ACCOUNTING STANDARDS :: list of goods taxed at 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TAX RATES - GOODS TAXABLE @ 4% :: TDS :: articles on VAT and GST in India
News Headlines »
  How to check income tax refund status
 GST panel to consult MSMEs in October end to further ease tax rigour
  How to check income tax return status
 Been Served a Notice by the Income Tax Department? Here’s How You Can Respond
 Seeks to amend the CGST Rules, 2017 - 45/2017 - Central GST (CGST)
 Government provides clarity on tax rate
 Processing of returns in Form ITR-I under section 143(1) of the Income-tax Act, 1961
  Filing of Reconciliation return in form 9 for the year 2016-17
  Today is last date for filing GSTR-1 forms for July; govt rules out further extension
 Today is last date for filing GSTR-1 forms for July; govt rules out further extension
 Refund of IGST paid on export of goods under Rule 96 of CGST Rules 2017

No fresh taxes proposed in surplus Gujarat Budget
February, 24th 2007
Tax relief worth Rs 400 cr given; electricity gets big relief

Power relief For rural households, recognised educational institutions and village hostels reduced from 15 pc to 10 pc. In the urban areas, reduced from 30 pc to 20 pc for consumption of more than 40 units for residential and educational institution purposes.
The Gujarat Finance Minister, Mr Vajubhai Vala, on Friday tabled the 2007-08 Budget proposals in the Vidhan Sabha here, levying no fresh taxes in the election year and giving tax rebates totalling Rs 400 crore to woo mainly the villagers, small traders and the self-employed, leaving an overall deficit of Rs 70.42 crore at the end of the fiscal.

He said while the new year's Budget has a revenue surplus of Rs 1,650 crore, considering the tax benefits and so on, the fiscal is estimated to end with a deficit of Rs 70.42 crore. This, he said, the State Government would strive to cover through various economic and administrative measures. Presenting the Budget for a record 12th time, the Minister announced the biggest chunk of this relief, Rs 223 crore, by way of reduced electricity duty for different sections of society. The second largest relief was in stamp duty, Rs 126 crore, followed by registration fee (Rs 47 crore) and entertainment and luxury tax (Rs 4 crore).

Electricity duty for rural households, recognised educational institutions and village hostels has been reduced from 15 per cent to 10 per cent. In the urban areas, it has been reduced from 30 per cent to 20 per cent for consumption of more than 40 units for residential and educational institution purposes. Similarly, electricity duty relief to the tune of Rs 53 crore have been provided to small traders and self-employed people.

A total of 95 lakh consumers will benefit from this relief measures in electricity duty as the maximum rate of electricity duty has been reduced from 30 per cent to 25 per cent.

Unlike the revenue deficits of Rs 4,036 crore and Rs 398 crore in 2004-05 and 2005-06, respectively, the budget estimates for 2006-07 and 2007-08 have shown revenue surplus, to the tune of Rs 1,802 crore and Rs 1,650 crore, respectively, Mr Vala said in his speech. The size of the Eleventh Five Year Plan for Gujarat has been fixed at Rs 1 lakh crore compared with Rs 47,000 crore for the Tenth Plan. For 2007-08, the Annual Plan for Rs 15,506 crore has a provision of Rs 6,265 crore for social services, thus, earmarking 40 per cent of total allocation for drinking water, primary education, housing, healthcare and nutrition.

Considering assistance to be provided by the World Bank and Asian Development Bank for earthquake relief works, a provision of Rs 548 crore has been under the head of Gujarat Disaster Management Authority.

In the new year's Budget, among others, a provision of Rs 495 crore has been made towards works to be undertaken against natural calamities.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Software Reengineering Software Re-engineering Software Reverse Engineering Software Reverse Development Software Change Modulation Software Conversion Software Re-creation Software Re-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