Latest Expert Exchange Queries

GST Demo Service software link:
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft
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: ACCOUNTING STANDARD :: TAX RATES - GOODS TAXABLE @ 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: VAT RATES :: Central Excise rule to resale the machines to a new company :: due date for vat payment :: articles on VAT and GST in India :: form 3cd :: list of goods taxed at 4% :: TDS :: cpt :: empanelment :: VAT Audit :: ACCOUNTING STANDARDS :: ARTICLES ON INPUT TAX CREDIT IN VAT
News Headlines »
 What if you forget to verify your Income Tax return?
 TDS on rent and other tax tasks to complete before March 31
 5 income tax changes which will come into effect from April 1, 2018
 Why you shouldn't be a last-minute tax filer
 How to calculate income tax for this assessment year on Moneycontrol
 6 Tax notices you may get and how to cope with them Income Tax Notice
 Deadline to pay advance tax ends tomorrow: Here is a step-by-step guide
  Central Goods and Services Tax (Second Amendment) Rules, 2018
 Income Tax Return Filing Deadline: Waiver On LTCG Tax To End On 31 March. Details Here
 Income tax returns (ITR) filing: Top mistakes that can be very costly
 Income Tax Return (ITR) filing: 6 last-minute things you can still do to save tax for FY17-18

'Fresh sops for cement, none for I-T payees'
May, 04th 2007

Government announced fresh excise duty concessions on cement, whose rising prices had become a cause for concern, even as Finance Minister P Chidmabaram declined to entertain requests for more sops on personal income and corporate taxes.

He identified inflation, reigning at about six per cent, as a major worry where government would intensify fiscal and monetary measures to bring down the rate of price rise to 4.5 per cent.
Chidambaram was replying to the debate on the Finance Bill in Lok Sabha.

Admitting that dual excise duty structure proposed in the Budget 2007-08 did not draw positive response from cement players, Chidambaram revised the structure.

While those selling cement at a price below Rs 190 for a 50 kg bag would continue to enjoy the reduced duty of Rs 350 per tonne, those selling at a higher rate would have to shell out 12 per cent of retail selling price as excise duty against Rs 600 per tonne proposed in the Budget.

As such, those selling at above Rs 190 a bag would pay ad valorem duty instead of specific duty. This would result in a reduction of prices by Rs seven per bag, Chidambaram said.

In response to the demand by the industry, the Finance Minister also modified export duty on iron ores, proposed in the Budget. He reduced export duty on iron ore fines with less than 62 per cent fe content to Rs 50 per tonne from Rs 300.

However, export duty on iron ore fines with fe content of more than 62 per cent and flakes would remain at Rs 300 per tonne.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Software Outsourcing Company Offshore Software Outsourcing Software Outsourcing Company India Offshore Outsourcing Company India Software BPO Software Business Process Outsourcing Software Outsourcing India Offsho

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