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: VAT RATES :: list of goods taxed at 4% :: ACCOUNTING STANDARDS :: VAT Audit :: Central Excise rule to resale the machines to a new company :: form 3cd :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TDS :: articles on VAT and GST in India :: due date for vat payment :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARD :: cpt :: empanelment
 
 
« VAT (Value Added Tax) »
 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
 Cos will be reimbursed for exemptions that currently exist in the VAT regime
 GST will get states more than VAT
 Is it a modified Value Added Tax?

AP textile traders threaten to launch prolonged stir against 4% levy
July, 12th 2011

About one lakh textile traders shut their shops and establishments across Andhra Pradesh on Monday protesting against the levy of 4 per cent VAT (value added tax) on textiles and related items.

The one-day bandh is successful. Representatives of various textile associations in the State have submitted memoranda to people's representatives and officials, asking them to support their cause, Mr Soma Dayanand, General-Secretary of Andhra Pradesh Federation of Textiles Associations, told Business Line.

Asking the Andhra Pradesh Chief Minister, Mr N. Kiran Kumar Reddy, to intervene and withdraw the proposal, Mr Ompraksh Tibrewala, President of the Hyderabad Cloth Merchants Association, warned of launching prolonged agitation if the Government failed to act quickly on this.

Terming the levy of tax arbitrary and illogical, he said it would drive wholesale textile business away to neighbouring States where there was no such tax. Stating that imposition of VAT would lead to increased burden on traders in the form of administrative work, he said it would also result in higher costs to the consumers.

It was in 1957 the textile market was closed for 13 days to protest against levy of sales tax on textiles. Then sales tax was abolished. Since then States were getting a share in Additional Excise Duty, leaving no pilferages, Mr Tibrewala, who was the former President of Federation of Andhra Pradesh Chambers of Commerce and Industry, said.

Cloth merchants and textile traders here in Visakhapatnam closed shops on Monday, in response to the bandh call given by the Andhra Pradesh Federation of Textile Associations, in protest against the imposition of 4 per cent VAT on textiles.

Textile traders took out a procession to the District Collector's office, staged a demonstration and submitted a memorandum urging the State Government to withdraw the tax immediately. Mr M.V. Ramana, Chairman of the CMR Mall, Mr Mallick, of Kanakatala Silks, and other prominent traders said the levy would place additional burden on the common man. It was not warranted and the State Government should reconsider its decision, they added.

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

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