Latest Expert Exchange Queries

Make your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
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 :: list of goods taxed at 4% :: form 3cd :: cpt :: due date for vat payment :: VAT Audit :: articles on VAT and GST in India :: TDS :: VAT RATES :: TAX RATES - GOODS TAXABLE @ 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT :: Central Excise rule to resale the machines to a new company :: ACCOUNTING STANDARDS :: empanelment :: ACCOUNTING STANDARD
 
 
VAT (Value Added Tax) »
 Cenvat Credit Rules, 2017 III Part
 VAT phased out in TS
 Cenvat Credit Rules, 2017 II Part
 Cenvat Credit Rules, 2017 – Part I
 How much do you know about VAT as a taxpayer?
 New tax structure not higher than VAT
 Cos will be reimbursed for exemptions that currently exist in the VAT regime
 GST will get states more than VAT
 Is it a modified Value Added Tax?
 GST regime: VAT Commissioner and CBEC to work with businesses
 Amendments in the Second Schedule appended to the Act (Delhi Value Added Tax Act, 2004)

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 2017 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