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: empanelment :: TDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: form 3cd :: ACCOUNTING STANDARDS :: VAT Audit :: VAT RATES :: TAX RATES - GOODS TAXABLE @ 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: due date for vat payment :: articles on VAT and GST in India :: ACCOUNTING STANDARD :: list of goods taxed at 4% :: cpt :: Central Excise rule to resale the machines to a new company
 
 
VAT (Value Added Tax) »
 GST regime: VAT Commissioner and CBEC to work with businesses
 Amendments in the Second Schedule appended to the Act (Delhi Value Added Tax Act, 2004)
 Guidelines relating to downloading of Statutory Forms-Modification thereof
  Grant of Registration under DVAT & CST
 VAT on petroleum products to continue, to be decided by GST Council
 Government rolls out settlement scheme to clear VAT, CST dues
 Maharashtra government offers VAT benefit to realty buyers
 Govt should focus on income tax instead of VAT
 Amendments in the second Schedule received from Finance Deptt.
 VAT exemption stays in tax reform bill
 Income Tax Appellate Tribunal Bangalore Banches Bangalore 'A' Bench DB Case Causelist for The Week from 22-05-2017 To 25-05-2017

Odisha to pitch for uniform VAT rate on wheat, pulses
May, 05th 2015

The state government will demand fixation of uniform VAT (value added tax) rate on pulses, wheat and wheat products for all states at the upcoming meet of the empowered committee of state finance ministers to be held on May 7-8.

"We feel that there should be a uniform VAT rate on pulses, wheat and wheat products for all states. Our finance minister will raise this demand and press for discussion on this matter at the ensuing meeting of the empowered committee of state finance ministers. The minister is also writing to the chairman of the empowered committee to include this issue in the agenda of the meeting," said an official source.

"VAT rate needs to be uniform across the country for the convenience of consumers and traders," he added.

It may be noted that last month, traders had resorted to a week-long stir and had stopped imports of wheat, wheat products and pulses over non-fulfilment of their demand for withdrawal of VAT on these food products.

But, the finance department had ruled out a VAT waiver, citing such a decision cannot be taken unilaterally by the state government.

Odisha was levying VAT at the rate of five per cent on these commodities as per the recommendations of the empowered committee.

Total annual consumption of dal in the state comes to 755,920 tonne valued at Rs 4,500 crore. As per traders' estimates, five per cent VAT should fetch Rs 225 crore for the state government every year. However, the realisation was much lower at Rs 40 crore in 2013-14

The government is considering a proposal to slash VAT on these products. A committee is to be formed with representatives from the traders' body and officials from the departments of food supplies, labour, finance and MSME (micro, small & medium enterprises) to study the impact of VAT reduction. The committee will submit its report within three months.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Content Management System developers CMS developers Content Management Solutions CMS Solutions CMS India Content Management System India CMS development India Website CMS Website Content Management India Portal CMS India CMS Outsourcing CMS Vendor Complete CMS Custom CMS Services

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