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
Latest Expert Exchange
« VAT (Value Added Tax) »
 Filing of online return for 4th quarter of 2017-18 extension of period thereof.
 No Cenvat credit admissible on outward transportation services from factory to buyer’s premises
  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

Industrialists want abrogation of Entry Tax, lower VAT
May, 28th 2014

Finance and Commercial Taxes Minister Jayant Malaiya held detailed discussions with representatives of state’s manufacturing establishments at Mantralaya here on Tuesday in the series of meetings for eliciting views and seek suggestions from various sections of society and establishments regarding preparation of Madhya Pradesh’s budget for year 2014-15.

Malaiya said that interests of manufacturers and businessmen will be fully protected and their problems will be solved effectively. He sought their suggestions regarding this. Principal Secretary Commercial Taxes AK Rai and Commissioner Commercial Taxes Amit Rathore were also present on the occasion.

Representatives of manufacturing establishments demanded to end dual entry tax. Some representatives demanded to abrogate entry tax. Gas Authority of India Limited demanded that 30 percent VAT should be reduced to 2 percent. Representatives of National Fertilisers Limited, Vijaypur suggested fertilisers used by farmers should be exempted from tax. Representatives of textile sector suggested reduction of tax on yarn from 5 to 2 percent. They also suggested exemption of coal purchase from entry tax. They said that audit process should be simplified further and electricity duty reduced to 9 percent.

It was also suggested that no tax should be realised on self consumption of power from captive power plants. Representatives of tobacco industries suggested to reduce tax on tobacco products. Principal Secretary Rai said that higher taxes have been imposed on tobacco products consciously to reduce their consumption in society. About delay in assessment, Rai said that the process will be expedited. Discussions were also held on ITR-related issues.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Content Management System development CMS development Content Management Solutions CMS Solutions Content Management Services CMS Services CMS Software

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