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: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT RATES :: ACCOUNTING STANDARDS :: ACCOUNTING STANDARD :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TAX RATES - GOODS TAXABLE @ 4% :: cpt :: empanelment :: Central Excise rule to resale the machines to a new company :: articles on VAT and GST in India :: list of goods taxed at 4% :: form 3cd :: TDS :: due date for vat payment :: VAT Audit
VAT (Value Added Tax) »
 Cenvat Credit Of Additional Duties Of Customs [Cvd] On Imported Coal
 Excise Dept puts VAT refund on fast track
 Consumer fora receive 18 VAT plaints
 Appointment of Assistant VATO - F.3(14)/Fin(Rev-I)2012-13/DSVI/334
 Bio-diesel body seeks VAT relaxation
 HC seeks Delhi, centre reply on restaurants charging excess VAT, service tax
 Shakti Autos booked for evading VAT, bogus sales
 VAT sops to IOCL Paradip refinery hits Odisha revenue growth
 Government to announce new VAT rates in October
 World Wide Gst, Vat, Sales Tax Rate
 Article on Transition Process of Registrations under VAT / Service Tax Laws to GST Law

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 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Software Development Software Programming Software Engineering Custom Software Development Requirement Based Software Development Software Solutions Software Serv

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