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: form 3cd :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ARTICLES ON INPUT TAX CREDIT IN VAT :: list of goods taxed at 4% :: articles on VAT and GST in India :: cpt :: TAX RATES - GOODS TAXABLE @ 4% :: empanelment :: due date for vat payment :: Central Excise rule to resale the machines to a new company :: VAT RATES :: ACCOUNTING STANDARD :: ACCOUNTING STANDARDS :: TDS :: VAT Audit
 
 
« VAT (Value Added Tax) »
 Amendments in the second Schedule received from Finance Deptt.
 VAT exemption stays in tax reform bill
 Income Tax Appellate Tribunal Bangalore Banches Bangalore 'A' Bench DB Case Causelist for The Week from 22-05-2017 To 25-05-2017
 Amendments in Second schedule appended to Delhi Value Added Tax Act, 2004
 Haryana govt exempts solar devices from VAT net
 Court rules out VAT on Paradise equity transfer
 VAT gone but riddle of derivatives traded on commodity exchanges lives on
 Rule 2(L) Of Cenvat Credit Rules, 2004 Amended
 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

Value Added Tax collection in Punjab is likely to cross R14,000 crore
March, 07th 2011

The value added tax (VAT) collection in Punjab is likely to cross R14,000 crore by March 2012, said governor Shiv Raj Patil while addressing the Budget session in Vidhan Sabha on Friday.

The governor said the state government is committed to the goal of fiscal consolidation through improvement in collection of taxes and prudent debt management policy.

The fiscal legacy which the state government inherited was unenviable, said Patil, adding that on all parameters of growth, the state needs a surgical approach.

The excise revenue jumped from R1,548 crore to R2,500 crore, a rise of 75%, in 2010-11. The VAT collection has also risen by 100% during the last four years, from R5,136 crore in 2006-07 to R10,500 crore, in 2010-11.

Various fiscal indicators of the state have shown consistent improvement. Apart from the dramatic jump in the growth rate, the critical debt to GDP ratio, an important indicator of fiscal management had peaked at 46.56% in 2004-05. The state government has brought it down to just 32.85%.

The governor in conclusion said it is also a matter of satisfaction that Punjab's growth rate of 8.8% is higher than the national average of 7.4% as per the study of Central Statistical Organisation (CSO).

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Privacy Policy

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