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: ARTICLES ON INPUT TAX CREDIT IN VAT :: form 3cd :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: Central Excise rule to resale the machines to a new company :: VAT Audit :: empanelment :: list of goods taxed at 4% :: cpt :: TDS :: ACCOUNTING STANDARDS :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARD :: articles on VAT and GST in India :: VAT RATES :: due date for vat payment
 
 
VAT (Value Added Tax) »
 Haryana govt exempts solar equipment from VAT
 AP to push for same benefits under GST for VAT exempted goods
 Andhra Pradesh to push for same benefits under GST for VAT exempted goods
 Petrol prices set to rise in Goa with increase in VAT
 Payment systems to remain open on all days from March 25, 2017 to April 1, 2017
 Delhi cuts VAT on ATF to 1% for regional flights; other states to announce the same soon a
 Shops cannot charge VAT on discounted items: Consumer forum
 Delhiites have to pay lowest taxes as AAP govt announces cuts on VAT on various items
 Tamil Nadu minister justifies VAT hike on fuel
 State Government urged to withdraw hike in VAT on petrol, diese
 High VAT may encourage illegal trading

BEML gets Rs. 580 mn VAT exemption from Karnataka Gov
July, 26th 2011

Bharat Earth Movers Ltd (BEML) has got 4% VAT exemption (Rs 580 mn) from Karnataka Government for supplying coaches to Bangalore Metro Rail Corporation.

Reports quoted V R S Natarajan, Chairman and Managing Director, BEML, This gesture of Karnataka Government makes us competitive both in the international and domestic markets.

Reports stated that the company was assured of the concession for five years a few years ago. Bangalore Metro (Namma Metro) is being executed by a BEML-led consortium which includes Mitsubishi and Hyundai-Rotem. While Mitsubishi will supply the traction for the coaches, Hyundai-Rotem will supply components. BEML will integrate, test and commission the coaches.

We are looking forward to bagging intermediate coach orders from them. Work on this will commence shortly. The company is also looking forward for extension of Metro project to link Kolar and Mysore in the future, Natarajan was further quoted as saying.

Reports quoted Sivasailam, MD, Bangalore Metro Rail Corporation, as saying that, BEML has given us good support, especially during the trial phase. We have asked them to provide a direct link to their depot for servicing of Metro coaches and also during emergencies.

 
 
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