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: TAX RATES - GOODS TAXABLE @ 4% :: Central Excise rule to resale the machines to a new company :: VAT RATES :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARDS :: cpt :: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT Audit :: ACCOUNTING STANDARD :: form 3cd :: empanelment :: list of goods taxed at 4% :: articles on VAT and GST in India :: TDS :: due date for vat payment
 
 
« VAT (Value Added Tax) »
 Date for filing quarterly VAT returns extended
 Framing of Central Assessments - Dated 2-2-2017 - VAT - Delhi
 CENVAT Credit (Amendment) Rules, 2017
 VAT to Give Way to Consumption Tax
 Import stage VAT under new VAT law
  VAT returns: Relief for traders as UT allows old form
  Grant of Registration under DVAT and CST
 Taxpayers Face Big Financing Costs From VAT Bill 2017
 VAT returns: Relief for traders as UT allows old form
 Gov’t agrees to retain VAT exemptions of seniors, PWDs Read more: https://business.inquirer.net/223121/govt-agrees-retain-vat-exemptions-seniors-pwds#ixzz4W5NV2I48 Follow us: @inquirerdotnet on Twitter | inquirerdotnet on Facebook
 Understanding VAT refunds

CCI welcomes VAT concessions
March, 07th 2013

Chamber of Commerce and Industry while expressing its reaction to the budget proposals presented in the J&K State Legislative Assembly today by Finance Minister A.R. Rather pointed out that the efforts of the government to reduce the fiscal deficit are praise worthy.

According to a press release, the Chamber welcomes the several VAT exemption like Havan Samigiri (packed or loose), google dhoop and idols as well as VAT relaxation in sale of durries, quilts, blanket covers, table cloths, pillow cases, CFL lights and saffron. However, the Chamber lamented that the items like dry fruits, desi Ghee etc have not been given any consideration and pointed out that VAT rate of these items remains 13.5% whereas in the adjoining states it is 5%. This difference diverts lot of trade of these items to the adjoining states, they elaborated.
For developing Jammu and its surrounding areas more money needed to be earmarked, Rs. 333 crores is a very conservative figure, the Chamber further averred.

Chamber also welcome reduction of VAT from 13.5 % to 5% on food items served in hotels as a gesture to boost this sector. Chamber appreciated the finance minister for continuation of exemption of VAT on food grains. The continuation of remission of VAT to the industrial units was also welcomed.

Chamber had made an appeal to exempt the vegetables and fresh fruits from the purview of Toll Tax but this has not been acceded. Exemption of Toll tax in these items would definitely bring the rates of these essential items down and benefit the common man, the Chamber had earlier suggested.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Website Ranking Website Ranking Company Website Positioning Alexa Ranking Website Promotion Website top 10 ranking website top 10 promotion search engine result promotion Strategic Internet Marketing Website Optimization Website Ranking Factors

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