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: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: VAT Audit :: ACCOUNTING STANDARDS :: VAT RATES :: cpt :: TAX RATES - GOODS TAXABLE @ 4% :: Central Excise rule to resale the machines to a new company :: list of goods taxed at 4% :: form 3cd :: ARTICLES ON INPUT TAX CREDIT IN VAT :: empanelment :: due date for vat payment :: articles on VAT and GST in India :: TDS :: ACCOUNTING STANDARD
VAT (Value Added Tax) »
 Cabinet clears key proposals on VAT, regularisation of jobs
 Cases of VAT overcharging flood consumer forum
 State seeks relief from Centre
 Flat rate VAT changes for small businesses explained
 Cenvat Credit Of Additional Duties Of Customs [Cvd] On Imported Coal
 Excise Dept puts VAT refund on fast track
 Consumer fora receive 18 VAT plaints
 Appointment of Assistant VATO - F.3(14)/Fin(Rev-I)2012-13/DSVI/334
 Bio-diesel body seeks VAT relaxation
 HC seeks Delhi, centre reply on restaurants charging excess VAT, service tax
 Shakti Autos booked for evading VAT, bogus sales

Vasundhara Raje government exempts food, marble items from VAT
July, 31st 2014

Rajasthan Chief Minister Vasundhara Raje on Wednesday announced tax and VAT exemptions on certain food and marble-granite items.

Replying to a debate on Rajasthan Financial Bill 2014-15, Raje said weight to area norms for marble and granite was rationalised from 5 kg/sq ft to 6 kg/sq ft in case of slabs and from 4 kg/sq ft to 5 kg/sq ft in case of tiles.

VAT would be levied on specific duty basis, slabs are also reduced, and some rationalisation of duty rates would also be adopted, she added.

She maintained entertainment tax on all films but exempted Rajasthani language movies.

Among the major announcements that the CM made in her speech include developers and builders exempted from payment of work contract tax for the period before April 1, 2014 in certain situations.

The state government also announced VAT rate on cooked food in restaurants at 5 per cent; coconut oil sold in small containers up to 200 ml at 14 per cent and fruit jams, jelly, packed fruit drinks and juices at 14 per cent, respectively.

Also, statues costing up to Rs 1,000 have been exempted from VAT while the tax rate on those costing more than Rs 1,000 has been reduced from 14 per cent to 5 per cent.

Raje said about 20,000 kms of road would be built at an estimated cost of Rs 70,000 crore on PPP model.

Also, the existing 25,000 ration shops connected with Public Distribution System (PDS) would be modernised and other grocery, food, cold drinks, and other daily used items of branded companies would be sold as an outlet, especially in rural areas, the CM added.

A hanging bridge on Chambal river in Kota, road bypass in Beawar-Nasirabad, new District Transport Office in Nasirabad, three degree colleges in Weir (Bharatpur),
Badisadari, and Anoopgarh, police training centre in Bharatpur, and Sainik School in Jhunjhunu would be opened in the current fiscal, Raje said.

For sandy desert districts of Jaisalmer and Barmer, a Maru Vikas Board would be set up in Barmer, she said, adding that the annual lease charged on house every year would be turned into free-house-hold fee (one time).

She further said that her government would provide 15 lakh job opportunities to youth with the setting up of skill development centres, for which 22 companies have signed MoU with the state government.

The CM said that her government would work on better financial management, investment promotion, inclusive growth, and built better delivery systems.

Jaipur Metro Rail Phase II would come up and JMRC had submitted its three years accounts report to the government, she assured the house.

Two road repair ambulance would be deployed in Jaipur to manage maintenance, and a butter-fly park would be set up at KC Smirti Van in Jaipur at a cost of Rs 5 crore, she added.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Internet Marketing Website Marketing Internet Promotion Internet Marketing India Website Marketing India Internet Promotion India Internet Marketing Consultancy Website Marketing Consulta

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