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: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: Central Excise rule to resale the machines to a new company :: articles on VAT and GST in India :: ACCOUNTING STANDARD :: form 3cd :: due date for vat payment :: cpt :: list of goods taxed at 4% :: VAT Audit :: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT RATES :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARDS :: TDS :: empanelment
 
 
VAT (Value Added Tax) »
  Filing of reconciliation return in form 9 for the year 2016-17
 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?

Will reducing VAT tackle helmet problem head-on?
April, 12th 2016

Despite stricter enforcement of the helmet rule in the city, a large number of motorists continue to hit the roads unprotected. A significant reason behind this large-scale shirking of the norm seems to be the hefty 14.5% VAT levied on helmets, which either prompts motorists to renege on buying them or makes them turn to low-cost substandard helmets found flooding city stores.

While states like Rajasthan and Tamil Nadu have done away with the VAT component on helmets in order to promote the usage of the essential safety gear, cities like Delhi and Bangalore have lowered the tax to 5%. However, this is not the case in Hyderabad, where driving without a helmet continues to be on top of the list of traffic violations.

Vendors in the city assert that selling a good-quality helmet has now become a challenge. A good quality helmet costs anywhere between Rs 1,000 to Rs 1,500 and an additional 14.5% VAT easily increases the cost by Rs 150 to Rs 250.

"Due to increased enforcement checks by authorities, motorists have turned hostile towards sellers. Last week, when I tried to show a few options to a motorist, he accused 'sellers' of being hand in glove with cops to mint money by selling costly helmets. People here think of helmets as an imposition rather than a protective gear that has been designed for their own good," said Rashid Sheikh, who owns a store in Abids.

Waseem Memon, who kick-started the 'Drive without borders: One nation one road tax' online campaign, suggested that the VAT imposed on helmets be done away with.
"As there is little awareness among motorists on the importance of helmets, many avoid buying the ISI certified ones. The government should waive the VAT to promote helmet usage like in Delhi and Chennai. Just increasing the enforcement drive might force people to buy cheaper, low-quality helmets," said Memon.

When TOI pointed out that an alarming number of motorists are resorting to buying substandard helmets due to the imposition of VAT, B Venkateshwarlu, joint transport commissioner, Telangana, said, "Since it is a policy matter, there has to be a representation made to the excise department to bring about a change. This issue had not come to our notice earlier. It needs to be resolved if people are buying low-quality helmets because of an extra hundred or two hundred rupees."

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Software Work Flow Workflow Software Software Automation Workflow automation Software Design Workflow Design Business Work Flow Workflow automation tools

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