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

Exempt manufacturing from VAT, Goa chamber of commerce and industry tells govt
February, 28th 2014

The Goa chamber of commerce and industry has appealed to the state government to extend its scheme to exempt manufacturing units from paying value added tax for two more years.

The tax exemption scheme ended on December 5, 2013.

In its pre-budget memorandum to chief minister Manohar Parrikar, Gstated "Given the current depressed market conditions and considering that there is no other tax benefit available to the manufacturing units in the state, the Goan units are finding it difficult to compete with their counterparts in the rest of the country."

In a series of VAT-related issues, the chamber also calls for the government to notify the VAT rates on sale of flats, and also to ensure that VAT refunds are paid on time.

"It is practical experience that the sanctions of refunds are heavily delayed and no interest is being paid to the dealers on such delayed refunds," the memorandum stated.

Representing the problems of Goa's industries, the memorandum also calls for the state government to set up, through PPP model, a clean fuel-based power plant within the state to meet at least 50% of Goa's projected power demand of around 375 MW in 2016-2017.

Complaining of frequently interrupted power supply to the industries, the document also urges the government to complete laying underground power cables supplying power to industries, using high quality material.

The document also touches upon issues related to poor traffic management, and the delay in repairing the bridge over River Zuari, which has been closed to heavy traffic for decades now.

Acknowledging that Goa's manufacturing industries are facing a bleak period with no new investments in the past five to seven years, the chamber also recommends that the government forms a new investment promotion board to offer hassle-free service to prospective investors, and also to promote the IT sector in the state.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Company Overview

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