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: ACCOUNTING STANDARD :: due date for vat payment :: TAX RATES - GOODS TAXABLE @ 4% :: TDS :: empanelment :: cpt :: list of goods taxed at 4% :: VAT RATES :: Central Excise rule to resale the machines to a new company :: VAT Audit :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARDS :: articles on VAT and GST in India :: form 3cd :: ARTICLES ON INPUT TAX CREDIT IN VAT
 
 
VAT (Value Added Tax) »
 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
 Petrol prices set to rise in Goa with increase in VAT
 Payment systems to remain open on all days from March 25, 2017 to April 1, 2017
 Delhi cuts VAT on ATF to 1% for regional flights; other states to announce the same soon a
 Shops cannot charge VAT on discounted items: Consumer forum
 Delhiites have to pay lowest taxes as AAP govt announces cuts on VAT on various items
 Tamil Nadu minister justifies VAT hike on fuel
 State Government urged to withdraw hike in VAT on petrol, diese
 High VAT may encourage illegal trading

Govt says new VAT not applicable
March, 11th 2010

A day after hiking value added tax by one per cent in the Budget, the Rajasthan government today announced that the new VAT rate would not be imposed on essential food commodities such as wheat, rice and sugar.

The state government had yesterday in the Budget 2011 proposed to hike VAT rate to 5% from 4% that would come into effect from April.

In an official statement issued here, the state government said that the higher VAT rate of 5% would not be imposed on essential food commodities, including wheat, rice, husk, sorgham, sugar and oilseeds such as mustard, ground nut, seasame, soyabean etc.

It added that the new VAT rate would also not levied on cotton, coal, iron, steel, cotton thread, leather, and jute.

On these items 4% VAT would continue as per the Rajasthan VAT Act's Schedule 4, the release said.

The chief minister Ashok Gehlot has signed the government order to this effect, the release said.

Immediately taking a cognizance of the order, BJP deputy leader Ghanshyam Tiwari raised this issue in the Assembly alleging that the chief minister had committed a breach of privilege by issuing the order outside the House.

Joining BJP's protest, the CPI-M member Pemaram said that issuing such an order was an insult of the House, demanded to know why this was not told yesterday in the Budget speech by the chief minister.

The chairperson of the House Surendra Singh Jadawat said he would give his ruling after studying the matter as raised by the opposition BJP and CPI-M members.

 
 
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