Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
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
 
 
 
 
Popular Search: ARTICLES ON INPUT TAX CREDIT IN VAT :: TAX RATES - GOODS TAXABLE @ 4% :: articles on VAT and GST in India :: form 3cd :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: VAT RATES :: empanelment :: list of goods taxed at 4% :: Central Excise rule to resale the machines to a new company :: ACCOUNTING STANDARD :: due date for vat payment :: cpt :: ACCOUNTING STANDARDS :: TDS :: VAT Audit
 
 
« VAT (Value Added Tax) »
 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
 Cenvat Credit Rules, 2017 – Part I
 How much do you know about VAT as a taxpayer?
 New tax structure not higher than VAT

Govt. refutes claim of highest VAT
July, 28th 2009

Even as the Opposition Congress criticised the Narendra Modi government for keeping the value-added tax (VAT) rates highest in Gujarat, State Finance Minister Vajubhai Vala claimed the rates are not higher as compared to other states.

Replying to a debate on the budgetary demands of his department in the Assembly on Monday, Vala said that as per the decision taken by the Empowered Committee of Finance Ministers to implement the new VAT regime across the country, the tax rates were fixed at 1 per cent, 4 per cent and 12.5 per cent on different categories of goods. The state, however, fixed an additional 1 per cent on the goods falling under the levy of 4 per cent VAT, and another 2.5 per cent on the goods liable for paying 12.5 per cent VAT.

The government has increased the tax rates in both the categories of goods for human resources, balanced socio-economic and infrastructure development in Gujarat, he told the House.

The Congress has, however, contested his claim. In a statement issued this evening, Leader of the Opposition Shaktisinh Gohil said the VAT rates in the state were not only the highest in the country, but also the government has failed to keep its promise to lift the 25-per cent hike in the VAT it had imposed last year.

The government collected an additional Rs 4,000 crore from people of the state through the 25 per cent increase in the VAT last year. It had promised to lift this hike this year, but not to be.

Besides, the fact that the sales tax revenue has increased from Rs 6,252 crore in 2002-03 to a whopping Rs 15,105 crore in 2007-08 amply proves that the VAT rates are much higher in Gujarat, Gohil said.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Company Overview

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