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
Latest Expert Exchange
« VAT (Value Added Tax) »
 One-time settlement of VAT, excise disputes in the works
 Haryana government uploads photos of VAT defaulters
 Filing of online return for 4th quarter of 2017-18 extension of period thereof.
 No Cenvat credit admissible on outward transportation services from factory to buyer’s premises
  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 relief for textile, sugar sectors in AP
July, 30th 2011

Bowing to pressure from textile and sugar traders, the Andhra Pradesh Government has toned down its order that imposed 4 per cent tax on these items.

In two separate notices, Mr Suresh Chanda, Commissioner for Commercial Taxes Department, said that there would be no VAT (value-added tax) on inter-State sales of both textiles and sugar.

The small textile dealers with an annual taxable turnover below Rs 5 lakhs are exempted. The marginal textile dealers with an annual taxable turnover above Rs 5 lakhs and below Rs 40 lakhs will be subjected to levy of tax at the rate of one per cent.

"Any goods including textiles, made-ups, zari articles and embroidery articles produced from handlooms are exempted and there will be no tax on such items. All fabrics, made ups, garments made of khadi cloth are also totally exempted and there will be no tax on such items," he said.

However, dealers are required to produce C-Form to claim exemption on such inter-State sales of sugar and textiles.

Strongly opposing the imposition of VAT, sugar traders alleged that the tax would take away whatever little margins sugar business offered them. Over one lakh textile traders had resorted to bandh twice in the last two weeks protesting against the levying of VAT.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Our Team

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