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: VAT Audit :: list of goods taxed at 4% :: VAT RATES :: due date for vat payment :: TAX RATES - GOODS TAXABLE @ 4% :: Central Excise rule to resale the machines to a new company :: TDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: empanelment :: articles on VAT and GST in India :: ACCOUNTING STANDARD :: cpt :: ACCOUNTING STANDARDS :: form 3cd
 
 
VAT (Value Added Tax) »
 Haryana govt exempts solar equipment from VAT
 AP to push for same benefits under GST for VAT exempted goods
 Andhra Pradesh to push for same benefits under GST for VAT exempted goods
 Petrol prices set to rise in Goa with increase in VAT
 Payment systems to remain open on all days from March 25, 2017 to April 1, 2017
 Delhi cuts VAT on ATF to 1% for regional flights; other states to announce the same soon a
 Shops cannot charge VAT on discounted items: Consumer forum
 Delhiites have to pay lowest taxes as AAP govt announces cuts on VAT on various items
 Tamil Nadu minister justifies VAT hike on fuel
 State Government urged to withdraw hike in VAT on petrol, diese
 High VAT may encourage illegal trading

VAT hikes on tobacco products to 16 per cent in HP
February, 03rd 2011

With the state cabinet giving nod to the proposal of hike in Value Added Tax (VAT) on tobacco products to 16 per cent, the prices of bidi, cigarettes and other tobacco products are expected to rise in Himachal. The decision was taken at the January 29 cabinet meeting.

Even as the state government is in the process of officially notifying the hike, non-government organisations associated with anti-tobacco campaigns have expressed fears of mounting pressure on the government from tobacco companies lobbying for a rollback of the hike.

The proposed hike will sharply increase the prices of bidis, on which VAT was earlier only 5 per cent.

On cigarettes and other tobacco products, a 13.75 per cent VAT is charged at present.

The Himachal Pradesh Voluntary Health Association (HPVHA), which has been active in anti-tobacco campaign in Himachal, has welcomed the state governments decision and has termed it a deterrent for smokers.

As per our reports, the tobacco companies, especially bidi manufacturers, have already started approaching the state government to roll back the decision. With looming fear of pressure tactics from these companies, the public needs to support the anti-tobacco campaign, said HPVHA director Narender Sharma.

 
 
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