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: Central Excise rule to resale the machines to a new company :: VAT RATES :: VAT Audit :: empanelment :: TDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: due date for vat payment :: ACCOUNTING STANDARDS :: form 3cd :: articles on VAT and GST in India :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARD :: cpt :: list of goods taxed at 4%
 
 
« Service Tax »
 All GST council decisions taken by consensus and will be passed in states as well
 It would be wiser to put off implementation of GST till September
 Revised GST legislation may pinch working capital of industries
 GST to result in price reduction for consumers: Hasmukh Adhia
 Bill gives free hand to CAG to audit GST operation
 Lok Sabha to discuss GST bills on Wednesday
 GST to strengthen organised logistics companies
 No need for Parliament nod to waive property tax in Delhi
 CBEC to be renamed, reorganised for GST regime
  GST debate now continues on categorisation of products
 GST coming soon, but don’t expect quick benefits; rich valuation to stall stocks

AP to ask Centre to settle tax refund, land issues for IT sector
March, 01st 2012

With service tax refunds to IT companies in Andhra Pradesh mounting, the State Government will write to the Union Finance Ministry to resolve the issue quickly.

The State Minister for IT&C, Mr Ponnala Lakshmaiah, who reviewed the situation said its time an institutional mechanism was evolved to streamline the matter. Tax refunds for the ICT sector in Andhra Pradesh are huge and pending since 2008.

According to IT industry sources, the estimated total refunds due would be in the range of Rs 300-400 crore. It was around Rs 250 crore for two dozen big companies itself.

The Minister held a joint meeting with the Commissioner, Service Tax and IT Industries Associations here yesterday. The Minister expressed concern about the large refund outstanding towards the ICT sector.

In another review with the Andhra Pradesh Industrial Infrastructure Corporation (APIIC), the Minister was briefed about several pending issues. Pending court cases, allotment of land in Hyderabad and Visakhapatnam to industries, issues pertaining to land for TCS and Cognizant, were discussed.

An update on the proposed gaming and animation park and the IT towers in Warangal, Visakhaptanam and Tirupati were provided to the Minister by the Secretary IT, Mr Sanjay Jaju, and the Managing Director of APIIC, Mr B.R. Meena.

Mr Ponnala advised the two officials to draw a stipulated timeframe for each of issues discussed and sort them out.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Outsourcing Test Solutions Software Testing Software Bug Testing Software Issues Tracking Software Issue Fix Software Code Optimization Database Design Optimization

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