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 :: Central Excise rule to resale the machines to a new company :: form 3cd :: due date for vat payment :: VAT Audit :: VAT RATES :: ACCOUNTING STANDARD :: ACCOUNTING STANDARDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: articles on VAT and GST in India :: cpt :: ARTICLES ON INPUT TAX CREDIT IN VAT :: list of goods taxed at 4% :: TAX RATES - GOODS TAXABLE @ 4% :: TDS
 
 
VAT (Value Added Tax) »
  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
 Cenvat Credit Rules, 2017 – Part I
 How much do you know about VAT as a taxpayer?

State govt withdraws VAT on foodgrain
July, 06th 2011

The state government on Tuesday announced withdrawal of value-added tax (VAT) on foodgrain, trying to provide some relief to the skyrocketing prices of essential commodities and petroleum products a day after the BJP had suffered a crushing defeat at its power citadel Jamshedpur.

At present, a VAT of 4% is imposed on foodgrain and the state exchequer will lose at least a hundred crore every financial year with the people-friendly decision.

The decision to withdraw VAT on foodgrain was taken by the council of ministers as deputy chief minister Hemant Soren had announced this in the assembly's budget session.

Cabinet secretary Aditya Swaroop said: "VAT on foodgrain has been withdrawn. The council of ministers decided to withdraw VAT on foodgrain except branded items." He added that the branded products manufactured in the state would also come VAT-free.

The cabinet also rolled back VAT on towel, bedsheets, napkins and blankets as it directly affects the weaker sections of the society.

The council of ministers also approved the proposal for recruitment of engineers, officers and other employees in the Jharkhand State Electricity Board (JSEB) by outsourcing the work to Faridabad-based National Power Training Institute.

"Keeping in mind the future of thousands of students who failed in the intermediate arts, science and commerce examinations the result of which was declared by the Jharkhand Academic Council last month the cabinet agreed to make amendment in rules for 2011 and provide grace marks. A student, who has failed in one subject, will get up to 10 marks and in case of those who have failed in two, will get six marks in each subject," said Swaroop.

Another important decision taken by the cabinet was providing accidental insurance benefit to workers under the MGNREGA. In case of accidental death or permanent disability, the victim's family will get Rs 75,000.

The long-pending controversy related to payment of consultancy fee to Malaysian company, Meinhardt, for preparation of a detailed project report of sewerage and drainage system of Ranchi was also cleared. The payment was held by the state government after allegations of irregularity in preparation of the project report and a vigilance inquiry was ordered. The cabinet decided to pay the consultancy fee of Meinhardt.

"The company had moved court against the decision of the state government to hold payment. The court has asked the government to pay the consultancy fee," said Swaroop.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Web Application Development Web based Software Solution Web Application Deployment Web Application Solutions Web Application Software Development Web Application Deployment Web Application Programming Web Application Design and Development

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