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: ACCOUNTING STANDARD :: VAT RATES :: VAT Audit :: list of goods taxed at 4% :: empanelment :: articles on VAT and GST in India :: TAX RATES - GOODS TAXABLE @ 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TDS :: cpt :: ARTICLES ON INPUT TAX CREDIT IN VAT :: form 3cd :: due date for vat payment :: ACCOUNTING STANDARDS :: Central Excise rule to resale the machines to a new company
« Customs and Excise »
 IGST on high-seas sale of imports is levied only during customs clearance
 Central Excise Rules, 2017 – Part II
 Central Excise Rules, 2017 – Part I
 Allocate the charges amongst the Members of the Central Board of Excise and Customs
  Constitution of Review Committees of the Chief Commissioners of Central Excise and Service Tax-Regd.
 4 new members appointed in Central Board of Excise and Customs
 Constitution of Review Committees of the Chief Commissioners of Central Excise and Service Tax-Regd.
 Customs (Import of Goods at Concessional Rate of Duty) Rules, 2017
 Central Board of Excise and Customs to soon notify new procedural framework
 CBEC set to be Central Board of Indirect Taxes and Customs
 Govt to give customs, excise duty benefits to boost solar rooftop sector

New excise policy after next govt comes to power
February, 07th 2012

The new excise policy will be implemented only after the formation of the next government, Punjab Excise and Taxation Commissioner A Venuprasad announced while chairing a state-level meeting of excise officials and liquor contractors on Monday.

The new cabinet will approve the policy and also conduct the draw of lots in various districts, Venuprasad told the gathering that took place at the circuit house to take suggestions from contractors and also to review the arrangements required to draft a formal policy.

During the meeting, Venuprasad indicated that license fee for liquor vends and various brands will be hiked. This year, while the department aims to collect Rs 3,200 crore in taxes from distilleries and liquor vends, 10 per cent raise has been projected for the next financial year.

The license fee is different for various cities while for Ludhiana, the fee for one group (comprising of 12-14 shops) was Rs 7.75 crore in the last draw of lots, for Fatehgarh Sahib, it was Rs 2.5 crore for eight shops. The rates are thus expected to increase.

The contractors, however, suggested a slash in the rates of country liquor at least the one which is being sold at Rs 106 per bottle arguing that demand has come down due to the hike in prices. They also suggested that instead of draw of lots, a tender system be floated for vends on lines of Haryana, where minimum rates of license fee are fixed by the government and the highest bidder gets the contract. This way, more revenue can be earned.

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

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