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 :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: VAT Audit :: articles on VAT and GST in India :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TDS :: empanelment :: list of goods taxed at 4% :: ACCOUNTING STANDARD :: TAX RATES - GOODS TAXABLE @ 4% :: cpt :: form 3cd :: ACCOUNTING STANDARDS :: VAT RATES :: due date for vat payment
« Service Tax »
 Service tax officials transferred for favouring realtor
 GST, a challenge and opportunity for accounting professionals’
 Service Tax On Hotels And Restaurants – Recent Delhi High Court Judgment
 GST Council discusses 4-tier tax rate, cess on demerit goods
 Why you shouldn’t miss these three simple tax saving options beyond Section 80C
 Determination of value for transactions between the Related parties under GST Laws.
 Higher collections can offset GST losses
 GST to subsume over a dozen Central, State taxes
 Incidence of indirect taxes won't go up under GST
 Advanced Budget date: Absence of a GST rate may present estimation challenges
  Tax queries answered by Dilip Lakhani, Senior Chartered Accountant

Exemption of Service Tax for Marketing
April, 05th 2010

In a bid to promote rural sales in the country, ASSOCHAM, the Associated Chambers of Commerce and Industry of India, has proposed doing away with the service tax for marketing and sales promotion activities in rural areas. This may be achieved by resetting rural sales as service tax exemption benchmark.

With various government schemes such as NREGA, Bharat Nirman and Indira Awas Yojana targeting the rural population as well as the lower tier cities of the country, the disposable income and thereby the purchasing power of this section is on the rise. By exempting sales and marketing activities and expenses from service tax, the government can achieve two goals in one stroke that of increasing rural sales and promoting inclusive growth.

ASSOCHAM President, Dr. Swati Piramal, submitted a memorandum to the Finance Minister detailing the proposal.

The memorandum argues that the demand for Indian industry products is on the rise in rural areas and this can be pushed further up by introducing service tax exemption.

The memorandum further says that the benefits of the exemption will not be restricted to rural buyers alone. It would eventually benefit manufactures of products too. Dr. Piramal said that the industry keeps detailed figures of its rural sales and marketing activities, which may be used by the government for granting service tax exemption.

Dr. Piramal pointed out that this move would be advantageous in preventing sales of fake products in rural areas, even as it increases the sale of quality branded products.

ASSOCHAM is also rooting for service tax exemption on transportation of agricultural products such as oil seeds, edible oil and de-oil cakes, as the country is facing a shortfall in their production.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
SEO Company Search Engine Optimization Company US SEO Local SEO Company Website SEO Company Alabama SEO Company Alaska SEO Company Arizona SEO Company Arkansas SEO Company California SEO Company Colorado SEO Company Connecticut SEO Company Delawa

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