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 VAT and GST in India :: ACCOUNTING STANDARD :: form 3cd :: VAT Audit :: ACCOUNTING STANDARDS :: VAT RATES :: Central Excise rule to resale the machines to a new company :: due date for vat payment :: TDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: list of goods taxed at 4% :: cpt :: empanelment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TAX RATES - GOODS TAXABLE @ 4%
VAT (Value Added Tax) »
 VAT exemption stays in tax reform bill
 Income Tax Appellate Tribunal Bangalore Banches Bangalore 'A' Bench DB Case Causelist for The Week from 22-05-2017 To 25-05-2017
 Amendments in Second schedule appended to Delhi Value Added Tax Act, 2004
 Haryana govt exempts solar devices from VAT net
 Court rules out VAT on Paradise equity transfer
 VAT gone but riddle of derivatives traded on commodity exchanges lives on
 Rule 2(L) Of Cenvat Credit Rules, 2004 Amended
 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

VAT amendment is another failed promise
July, 08th 2015

The Delhi Congress, on Wednesday, alleged that the recent VAT (Value Added Tax) 2nd Amendment Bill 2015 was another glaring instance of the Aam Aadmi Party Government’s “U-Turn” on the promises made to the people in the run-up to the Delhi Assembly elections.

This was followed by a massive demonstration by the Delhi Youth Congress (DYC) outside Chief Minister Arvind Kejriwal’s residence where DYC volunteers, led by its president Amit Malik, burnt Mr. Kejriwal’s effigy before being temporarily detained by the police.

Meanwhile, the party’s chief spokesperson Sharmishta Mukherjee said that while Mr. Kejriwal had repeatedly promised the lowest VAT regime to the people of Delhi in his manifesto, now, by amending the Bill that permits the Delhi government to raise the upper limit of VAT from 20% to 30% in the items mentioned in the Fourth Schedule, the AAP government was clearly paving the way to impose more tax.

“This will lead to inflation and put a heavy burden on the people, and dent their pockets. Clearly, the people of Delhi are being misled,” Ms. Mukherjee said.

Ms. Mukherjee also said that the proposed budget estimate to generate Rs. 24,000 crore through VAT was “highly unrealistic” since the growth in revenue collection through VAT fell drastically to 2.03% in 2014-15 as opposed to 13.43% the previous year (2013-14).

Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Integrated Software Solutions Integrated Software Development Integrated Software Services Integrated Software Solutions India Integrated Softw

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