Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get 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) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
 
 
 
 
Popular Search: list of goods taxed at 4% :: ACCOUNTING STANDARDS :: form 3cd :: Central Excise rule to resale the machines to a new company :: TAX RATES - GOODS TAXABLE @ 4% :: VAT RATES :: empanelment :: articles on VAT and GST in India :: cpt :: ARTICLES ON INPUT TAX CREDIT IN VAT :: due date for vat payment :: ACCOUNTING STANDARD :: VAT Audit :: TDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes
 
 
VAT (Value Added Tax) »
 Govt may send notice to 162 companies; ask for VAT returns
 Cenvat Credit Is Not Income Liable To Be Taxed
 Cos wanting to claim VAT refund on employees' foreign stay can get professional help
 Regarding disposal of pending form DVAT 04 & 07 Form Applications
 Disposal of pending Form DVAT 04 & Form DVAT 07 applications: regarding
 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

VAT issue: Oil tankers go off the road in AP
April, 16th 2013

Oil tankers went off the road from Monday in Andhra Pradesh, as truck owners resorted to strike as they were engaged in a dispute with the oil companies on payment of value-added tax of 5 per cent imposed by the State Government.

It is the contention of the truck owners that the companies should pay VAT of five per cent from Nov. 8, 2011, and the association is condemning the attitude of the oil companies. “It is unfortunate that the oil companies – IOC, BPCL, and HPCL – are refusing to pay the VAT going against the promise they gave to us in 2011. We cannot bear the burden and therefore nearly 1,000 oil tankers in the Visakhapatnam region and 2,000 in the entire State have gone off the road. We are left with no option,” said T. Naidu, President of Visakhapatnam Oil Tank Truck Owners' Association.

He said each truck owner may have to shell down not less than Rs 10 lakh or more as VAT and it would ruin them. He said oil companies were at present paying Rs 1.93 a km a kilo litre and it should at least be revised upwards to Rs 4. Otherwise, it would be impossible to operate the tankers.

“We want the ambiguity on VAT to end. Let the oil companies call for new tenders and let there be a clause specifically that the companies should pay the VAT to the State Government. The price should be fixed accordingly and there should be a minimum guarantee of 3,000 km a month,” he pleaded.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Careers

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