Latest Expert Exchange Queries

Make 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) | 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 :: VAT RATES :: ACCOUNTING STANDARD :: due date for vat payment :: list of goods taxed at 4% :: empanelment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: cpt :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ACCOUNTING STANDARDS :: TDS :: Central Excise rule to resale the machines to a new company :: VAT Audit :: TAX RATES - GOODS TAXABLE @ 4% :: form 3cd
 
 
VAT (Value Added Tax) »
 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
 Amendments in the Second Schedule appended to the Act (Delhi Value Added Tax Act, 2004)

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