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: VAT Audit :: TDS :: empanelment :: Central Excise rule to resale the machines to a new company :: articles on VAT and GST in India :: VAT RATES :: due date for vat payment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ACCOUNTING STANDARD :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARDS :: cpt :: list of goods taxed at 4% :: form 3cd :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes
VAT (Value Added Tax) »
 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
 Petrol prices set to rise in Goa with increase in VAT

Introduce VAT on farm produce, says government report
March, 13th 2012

With agriculture share in GDP halving to 15 per cent in the last two decades, a government report card today called for major reforms, from marketing to investment, and new technologies for accelerating farm growth.

The report on 'State of Indian Agriculture 2011-12', tabled in the Lok Sabha said, "Achieving an 8-9 per cent rate of growth in overall gross domestic produce (GDP) may not deliver much in terms of poverty reduction unless agricultural growth accelerates."

Agriculture has to be kept at the centre of any reform agenda or planning process to alleviate poverty and malnutrition, and to ensure food security, the report said.

"Agriculture sector calls for major reforms from marketing to investment and institutional change especially in water management, new technologies, land markets and creation of efficient value chains," the report, prepared by the Agriculture Ministry, said.

Stating that price rise has become a major concern, it said the solution to it lies in increasing productivity, production and in decreasing market imperfections.

"In India, the recent food inflation is largely due to inadequate supply response to increase in demand, aggravated by various other logistic and market related constrains. Inflation affects the poor disproportionately and adversely impacts achievement of removal of poverty," the report said.

The pre-budget document called for introduction of VAT on farm produce in place of varied state taxes, besides stressing on creation of vibrant land lease and credit market.

The report strongly advocated public-private partnership in the farm sector and said that the government needs to raise public investment besides playing a more proactive role to attract private investment.

The report also projected that the average farm growth in the 11th Five Year Plan (2007-2012)is expected to be higher at 3.3-3.5 per cent per year against a target of 4 per cent.

In the 10th Five year Plan (2002-2007) the agricultural growth stood at 2.4 per cent.

Pointing out that non-agriculture sectors are receiving higher investment as compared to the farm sector, the report said there is a need for substantial increase in the investment and favoured investment option instead of providing subsidies for long-term growth.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Content Management System developers CMS developers Content Management Solutions CMS Solutions CMS India Content Management System India CMS development India Website CMS Website Content Management India Portal CMS India CMS Outsourcing CMS Vendor Complete CMS Custom CMS Services

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