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: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARD :: due date for vat payment :: ACCOUNTING STANDARDS :: articles on VAT and GST in India :: empanelment :: VAT Audit :: cpt :: list of goods taxed at 4% :: Central Excise rule to resale the machines to a new company :: form 3cd :: TDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT RATES
 
 
VAT (Value Added Tax) »
 Amendments in the second Schedule received from Finance Deptt.
 VAT exemption stays in tax reform bill
 Income Tax Appellate Tribunal Bangalore Banches Bangalore 'A' Bench DB Case Causelist for The Week from 22-05-2017 To 25-05-2017
 Amendments in Second schedule appended to Delhi Value Added Tax Act, 2004
 Haryana govt exempts solar devices from VAT net
 Court rules out VAT on Paradise equity transfer
 VAT gone but riddle of derivatives traded on commodity exchanges lives on
 Rule 2(L) Of Cenvat Credit Rules, 2004 Amended
 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

Rs 11K crore VAT due on 424 firms in Gujarat
February, 28th 2012

As many as 424 companies in the state are yet to pay value added tax (VAT) and sales tax dues worth Rs 1 crore each to the state, taking the total amount pending by these firms to Rs 11,671.45 crore, informed state finance minister Vajubhai Vala to the state assembly on Monday. The companies with pending VAT and sales tax dues include big names like Essar, Reliance Industries, Adani Enterprises, Oil and Natural Gas Company, Gas Authority of India and Biotor Industries among others, Vala said while replying to a question by Jetpur-Pavi MLA Mohansinh Rathwa.

The government also revealed that Essar Oil has not paid Rs 8,289.72 crore, while Reliance Industries' Jamnagar unit had dues worth Rs 889 crore, while replying to a question by Porbandar MLA Arjun Modhwadia.

Adani Enterprises also owes Rs 39.60 crore to the state government in taxes.

Vala, in reply to another question, stated that even the central government-owned companies had huge pending tax dues. Oil and Natural Gas Company's Vadodara refinery has not paid Rs 423 crore, while its unit in Surat owes Rs 252.65 crore as VAT dues.

Vadodara's Biotor Industries is yet to pay dues of Rs 854.51 crore.

Even state-owned company Gujarat State Fertilizers and Chemical Limited (GSFC) has not paid Rs 2.15 crore yet. According to the data, 32 industries had VAT dues worth Rs 10 crore each, while seven units had dues worth Rs 100 crore each.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Achievements

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