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
News Headlines »
 New direct tax code may have to wait until 2019
 New direct tax code may have to wait until 2019
 New direct tax code may have to wait until 2019
 New direct tax code may have to wait until 2019
 How to use your Form 16
 Which ITR form applies to you for financial year 2017-18?
 Income tax returns filing form-2 released; should you use it? Find out
  Are you planning to file ITR 1 form? here's how to do it Income Tax Return (ITR) filing
 30 LPA-Opening Financial Controller
 ITR form 2 in java release by CBDT for return filing by individuals
 How to file your income tax return using ITR Form-1 Income Tax efiling for AY 2018-19

Sales tax exempt firms can shift to VAT
June, 15th 2006

News

16th June, 2006

Sales tax exempt firms can shift to VAT

The state cabinet approved a proposal allowing industrial units in backward areas, which enjoy sales tax exemption, to shift to the value added tax (VAT).

As the units were exempted from the sales tax, they were not allowed to claim the credit on VAT which they paid on raw material and services.

The industry associations demanded that they should be allowed to shift to VAT regime. The decision will come into force from July 1, and the units will be given 100 per cent credit on raw material and fuel.

The cabinet also cleared the proposal to computerise all the 14 state run medical colleges and 19 hospitals attached to them.

Announcing the decision CM Vilasrao Deshmukh said that initially the project would be implemented at Grant Medical College and J J hospital and after seeing the result it would be implemented in all the medical colleges and hospitals.

This project will be implemented by Amrita Technologies and Hewlett Packard at the cost of Rs 180 crore.

This project will improve the administration of the state-run hospitals and will provide patients access to modern facilities such as telemedicine. It wilt also help students and doctors in effective research, said Deshmukh.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Integrated Software Solutions Integrated Software Development Integrated Software Services Integrated Software Solutions India Integrated Softw

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