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

Exempt infra projects from excise duty, VAT
June, 26th 2009

The government should exempt infrastructure projects from excise duty, Value Added Tax (VAT) and Central Sales Tax (CST), until they are commissioned, as these levies increase the capital costs of the projects, an industry body has said.

On account of continuing levying of excise, VAT and CST on road, port, power and oil projects, the capital cost of the these become dearer by over 20-25 per cent, thus increasing the burden on developers before the projects are commissioned, Assocham President Sajjan Jindal said.

The chamber, in its pre-Budget wish list on the infrastructure sector submitted to the Finance Minister Pranab Mukherjee, has also pointed out that the incidence of 10 per cent service tax imposed on the projects during their implementation phase needs to be discontinued, since infrastructure is a priority area for the government.

Assocham said burden of service tax, excise, VAT and CST on all projects question their bankability as developers do not get easy access to liquidity as a result it delays their commissioning.

The chamber said tax exemption limit for certain savings schemes should be increased from Rs one lakh to Rs two lakh and interest earned on infrastructure bonds covered under this cap.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Our Team

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