Need Tally
for Clients?

Contact Us! Here

  Tally Auditor

License (Renewal)
  Tally Gold

License Renewal

  Tally Silver

License Renewal
  Tally Silver

New Licence
  Tally Gold

New Licence
 
Open DEMAT Account with in 24 Hrs and start investing now!
« VAT (Value Added Tax) »
Open DEMAT Account in 24 hrs
 Gujarat slashes tax on ATF by 5 per cent
 CENVAT Credit can’t be denied If ISD invoices issued for distribution of ITC prior to Registration
 1 step forward, 2 steps back. Is GST going the VAT way?
 1 step forward, 2 steps back. Is GST going the VAT way?
 Pending VAT comes to haunt companies claiming input tax credit
 One-time settlement of VAT, excise disputes in the works
 Haryana government uploads photos of VAT defaulters
 Filing of online return for 4th quarter of 2017-18 extension of period thereof.
 No Cenvat credit admissible on outward transportation services from factory to buyer’s premises
  Filing of reconciliation return in form 9 for the year 2016-17
 Govt may send notice to 162 companies; ask for VAT returns

FMPCCI demands simplification of VAT
February, 21st 2013

The Federation of Madhya Pradesh Chamber of Commerce and Industries (FMPCCI) on Wednesday demanded simplification of VAT in the state to help the people and industry at large.

“When VAT was introduced, both the central and state governments said it will be the only tax applicable, but things are not like that in reality,” FMPCCI senior vice president Govind Goyal told reporters here.

Despite the introduction of VAT, there were still many other taxes in force in the country, Goyal said.

There should be a uniform tax rate all over the country as this will ensure that there is no tax evasion and goods are available at the same price from Kashmir to Kanyakumari, he said.

The Federation had submitted a number of proposals to the Madhya Pradesh government for inclusion in this year’s budget, including giving benefit of entry tax to dealers trading in iron and steel and making supplies to different industries, he mentioned.

Referring to anomalies in taxation, Federation’s Managing Committee member S K Somani said while taxing spectacles, the name of sunglass should also be included in it as it acts as a protection for human eye.

Similarly, while taxing computer and new IT gadgets like multi-media projectors, tablets, i-pods, among others, should also be included in the list for having uniform tax, he said.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2024 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting