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: empanelment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: articles on VAT and GST in India :: TDS :: Central Excise rule to resale the machines to a new company :: list of goods taxed at 4% :: ACCOUNTING STANDARDS :: ACCOUNTING STANDARD :: VAT RATES :: TAX RATES - GOODS TAXABLE @ 4% :: VAT Audit :: form 3cd :: due date for vat payment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: cpt
 
 
VAT (Value Added Tax) »
 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
 Payment systems to remain open on all days from March 25, 2017 to April 1, 2017
 Delhi cuts VAT on ATF to 1% for regional flights; other states to announce the same soon a
 Shops cannot charge VAT on discounted items: Consumer forum
 Delhiites have to pay lowest taxes as AAP govt announces cuts on VAT on various items
 Tamil Nadu minister justifies VAT hike on fuel
 State Government urged to withdraw hike in VAT on petrol, diese
 High VAT may encourage illegal trading

Gujarat asks e-tailers to charge difference in VAT rates as entry tax
March, 18th 2016

The state government has asked top e-tailers to charge the difference in value added tax (VAT) rates between Gujarat and the state from where a product is supplied as entry tax. Similar mechanism would apply to locally made goods, which are sold in other states.

The new levy was introduced in this year's state budget to provide level playing field to local dealers who claim to be at the receiving end of the competition.
"Suppose Maharashtra charges 5% VAT on mobile phones and Gujarat has 15% VAT, the difference works out to be 10%.

If a consumer in Gujarat buys a mobile phone sold by a dealer in Maharashtra, he or she will be charged differential 10% as entry tax," explained a senior government official.
As a result, now buyers will not get low cost goods online. However state's retailers will now have less competition with e-tailers.

On Thursday, the state government had a meeting with all major online retailers including Amazon, Flipkart and Snapdeal. These companies have also been asked to charge the difference in VAT rates as entry tax in their bills and deposit the tax to the state exchequer within two days of the transaction.

"Though the state assembly is yet to pass the bill but we have been instructed by the government to keep VAT collection mechanism from the e-tailers ready. We had two rounds of meeting with top e-commerce companies and their views were also taken into consideration. Unlike others states where flat rates are charged, we have decided to charge only difference arising out of difference in VAT rates of various states," a top official in the state commercial tax department told TOI.

 
 
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