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: empanelment :: cpt :: articles on VAT and GST in India :: list of goods taxed at 4% :: Central Excise rule to resale the machines to a new company :: TDS :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARDS :: VAT RATES :: due date for vat payment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: form 3cd :: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT Audit :: ACCOUNTING STANDARD
 
 
VAT (Value Added Tax) »
 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?
 GST regime: VAT Commissioner and CBEC to work with businesses

Delhi govt to launch drive for VAT collection
July, 14th 2011

In an effort to improve VAT collection and to crackdown on those not paying the tax, Delhi government will soon carry out a comprehensive scrutiny of the traders registered with it.

Commissioner of Trade and Taxes Rajender Kumar said the department would soon launch the scrutiny to detect the tax evaders and traders who claim Value Added Tax (VAT) refunds showing bogus transactions.

"We are streamlining the mechanism of tax collection," he said at a press conference.

In a major operation, the tax department had unearthed a "huge scam" involving nearly 1,300 "bogus traders" who used to claim VAT refunds by showing bogus bills and fake sells.

The department had launched a probe discretely choosing nearly 3,000 traders in the city, each having a yearly turnover of Rs one crore and found that nearly one-third of them were either fake or non-functional.

Kumar said his department has set a target of collection Rs 14,500 crore as VAT revenue in the financial year 2011-12 as against collection of Rs 12,068 crore in the previous year.

On the proposed Goods and Services Tax, he said the tax department was making all preparations to implement the GST as and when it is introduced by the Centre.

Listing efforts to improve tax collection, he said online payment has been made compulsory for the monthly return filers and the department is making efforts to extend this facility to other categories of dealers.

The department has made special efforts to dispose of the long pending refund cases for a better and just tax management. In the financial year 2010-2011, a total amount of Rs 367 crore was released as refund and a record number of about 26,000 claims for refunds were disposed of.

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

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