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: Central Excise rule to resale the machines to a new company :: empanelment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT Audit :: form 3cd :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: articles on VAT and GST in India :: TDS :: TAX RATES - GOODS TAXABLE @ 4% :: list of goods taxed at 4% :: cpt :: due date for vat payment :: ACCOUNTING STANDARD :: ACCOUNTING STANDARDS :: VAT RATES
 
 
« VAT (Value Added Tax) »
 Date for filing quarterly VAT returns extended
 Framing of Central Assessments - Dated 2-2-2017 - VAT - Delhi
 CENVAT Credit (Amendment) Rules, 2017
 VAT to Give Way to Consumption Tax
 Import stage VAT under new VAT law
  VAT returns: Relief for traders as UT allows old form
  Grant of Registration under DVAT and CST
 Taxpayers Face Big Financing Costs From VAT Bill 2017
 VAT returns: Relief for traders as UT allows old form
 Gov’t agrees to retain VAT exemptions of seniors, PWDs Read more: https://business.inquirer.net/223121/govt-agrees-retain-vat-exemptions-seniors-pwds#ixzz4W5NV2I48 Follow us: @inquirerdotnet on Twitter | inquirerdotnet on Facebook
 Understanding VAT refunds

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