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: form 3cd :: list of goods taxed at 4% :: due date for vat payment :: empanelment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: VAT Audit :: cpt :: articles on VAT and GST in India :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ACCOUNTING STANDARDS :: ACCOUNTING STANDARD :: VAT RATES :: Central Excise rule to resale the machines to a new company :: TAX RATES - GOODS TAXABLE @ 4% :: TDS
 
 
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

Industrial bodies demand rationalisation of VAT
February, 27th 2012

The expectations of the industrial sector are galore from the state's forthcoming budget, which will be presented by state finance minister Raghavji in the state assembly on Tuesday. State's various industry bodies expressed the hope that the government would come up with various pro-active measures in the budget that could help boost the sector including the rationalization of the value added tax (VAT) and reduction in the stamp duty.

MP Electric Merchants & Contractors Association demanded that the VAT must be reduced from the current level of 13% on CFL to 5% as it would boost the sales of the energy saving devices.

On stamp duty on mortgages & hypothecation, which is the highest in the state at the rate of 0.25% to a maximum limit of Rs 5 lakh, the Pithampur Industrial Association demanded that it must be kept at the minimum level.

Gautam Kothari, president of the association, told ToI that earlier, the stamp fees were charged up to a maximum limit of Rs 50,000. But, it has been increased to 10 times the earlier system. The association demanded that the energy development cess, which was charged at the rate of Rs 0.15 per unit by the captive power plants, must also be rolled back.

Association of Industries in Madhya Pradesh is in favour of increasing the limit of account audit to Rs 1.50 crore as against the current mark of Rs 60 lakh.

Commenting on the mandi tax on agricultural produce, which was currently charged at 2%, the Indore Anaj Tilhan Vyapari Sangh has said that it must be reduced to 1%.

 
 
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