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: list of goods taxed at 4% :: ACCOUNTING STANDARD :: empanelment :: Central Excise rule to resale the machines to a new company :: cpt :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TDS :: TAX RATES - GOODS TAXABLE @ 4% :: VAT RATES :: form 3cd :: articles on VAT and GST in India :: due date for vat payment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ACCOUNTING STANDARDS :: VAT Audit
 
 
Direct Tax »
 No change in gold seizure norms in proposed I-T Law amendments
 Direct tax collection will get a long-term boost, Franklin Templeton says
 I-T Act amendments upset calculations of cash hoarders
 Claim tax benefit on costs incurred to evict tenants
 The Integrated Goods And Services Tax Act, 2016
 Here’s what Income Tax Department did leading up to demonetisation
 I-T department asks IDS declarants to pay tax by November 30
 Cash trove tax drive dilemma
  CBDT halves Income Tax refunds issue timeline to 15 days for this fiscal
 CBDT signs four unilateral advance pricing agreements
 Central Board of Direct Taxes allowed Rs 4,500 crore of irregular benefits to infrastructure companies: CAG

Shahrukh seeks removal of VAT on entertainment industry
May, 28th 2008

Bollywood actor Shahrukh Khan on Tuesday demanded that Value Added Tax and service tax on the entertainment industry be abolished and industry status be conferred to it.

It has become necessary to bring in entertainment industry under the 'concurrent list' so that it can be governed under central rules and enjoy tax concessions announced by the government from time to time, Khan said in a statement here.

At present, the entire entertainment and film industry comes under state government' s jurisdiction as a result of which, it has not been able to enjoy the already conferred dejure industry status on it.

Shahrukh Khan would release a study on the entertainment industry on Tuesday evening highlighting the need for the removal of VAT and service tax.

The study - 'The Entertainment & Media Hub' is done by Associated Chambers of Commerce and Industry of India (Assocham).

Retaining the industry in the state government list deprives the tax concessions given by the Centre, Assocham said in its study.

According to the Assocham study, the media and entertainment sector would cross a turnover of Rs 1 lakh crore by 2011-12 from Rs 44,000 crore now.

The turnover of the television industry would grow by 22 per cent to Rs 51,900 crore by 2011-12 from Rs 19,100 crore, it said.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Publishing Management System PMS News Management System Publishing Management System Development Online News Management System for media company custom Publishing management system development Survey management system Market Res

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