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% :: articles on VAT and GST in India :: TAX RATES - GOODS TAXABLE @ 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT RATES :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: empanelment :: ACCOUNTING STANDARD :: ACCOUNTING STANDARDS :: VAT Audit :: Central Excise rule to resale the machines to a new company :: form 3cd :: cpt :: TDS :: due date for vat payment
 
 
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?

VAT touches new high
May, 21st 2010

In what could be an indicator of the recovering state economy, the Sales Tax Department made record collections last year, most of it in the last two months of the fiscal. And the increase in tax collection was before Chief Minister Sheila Dikshit increased Value Added Tax (VAT) in this years Budget for the state.

The department collected Rs 10,368.53 crore through VAT last fiscal despite the fact that the first two quarters of 2009 showed negative growth of approximately 1 per cent.

The tax collection started recovering in November-December with a growth of 4 per cent. By January, the growth ratehad increased to 16 per cent and touched a whopping 75 per cent by the end of the fiscal.

The overall growth last fiscal was more than 45 per cent, says Delhi Sales Tax Commissioner Jalaj Srivastava, adding that the increase in VAT collection was indicative of the growth in trade after the slump in first half of last year. Predictably, the main drivers of growth were items related to the construction industry.

Last year, Delhi recorded negative growth in sales during April and May at -0.29 per cent and

-0.10 per cent, respectively. Sales started recovering only in the latter half from September, touching 54.26 per cent growth in March. This growth in sales meant, March recorded a Rs 2,345 crore increase in VAT revenue, a growth of 24.25 per cent compared to the same time last year. The total collection in the year 2008-09 was Rs 9,441.55 crore.

VAT was introduced in Delhi in 2005.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Outsourcing Test Solutions Software Testing Software Bug Testing Software Issues Tracking Software Issue Fix Software Code Optimization Database Design Optimization

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