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

TN cuts VAT on electric bikes to 5% to promote eco-friendly products
March, 28th 2012

The Tamil Nadu government has announced reduction on value-added tax (VAT) by almost 10.5 per cent to encourage electrically-operated two-wheelers (e-bikes). This move would bring down the cost of e-bikes by Rs 2,500-3,000 per unit, according to industry representatives.

In his Budget speech, state finance minister O Pannerselvam said that VAT on e-bikes will be reduced to five per cent from the current 14.5 per cent to promote environment-friendly products.

While welcoming the move, D Raghuram, president (bicycles and fitness), TI Cycles of India, which is into manufacture of e-bikes, said, This is really a progressive move to encourage pollution-free mode of transportation and improve the quality of life.
The Delhi government has gone to the level of not only waiving the VAT but also giving incentives, which will add up to around Rs 10,000, he added.

Kumar Kandaswami, leader (manufacturing industry), Deloitte in India, expressed similar views and said that the move came at a time when petrol prices were likely to be increased and there was a possibility for conventional buyers to look at other sources.

The move is definitely an accredited shift. However, the infrastructure issue (electricity to charge the vehicle) needs to be addressed, he said, adding that the infrastructure issue not only pertained to Tamil Nadu but across the country, which was the major roadblock for the industry.

 
 
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