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: TAX RATES - GOODS TAXABLE @ 4% :: list of goods taxed at 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT :: articles on VAT and GST in India :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: empanelment :: ACCOUNTING STANDARD :: cpt :: VAT RATES :: ACCOUNTING STANDARDS :: due date for vat payment :: VAT Audit :: Central Excise rule to resale the machines to a new company :: form 3cd :: TDS
 
 
News Headlines »
 What to do if you get an income tax notice after demonetisation
 SBI calls for raising income tax exemption limits
 Did you know? The tax exemption on your HRA
 Income Tax Department expands list of deposits, transactions under scrutiny
  Income-tax Act, 1961 read with Rule 114E of Income-tax Rules, 1962
 Master Directions on Access Criteria for Payment Systems
 RBI-Scheduled Bank's Statement of Position in India as on Friday, January 06, 2017 (Revised)
 3 Big Mistakes To Avoid This Tax Season
 The Top 5 Tax Stories Of 2017
 Are multiple service tax rates in the offing?
 All you need to know about claiming tax break on HRA

Chidambaram visiting Germany next month
August, 29th 2007
To address problems facing Indian companies



Mr P. Chidambaram

To allay the industry of its problems relating to trade with Germany, the Finance Minister, Mr P. Chidambaram, is visiting the European country next month.

According to industry sources, the Minister will discuss, among other things, the issue of VAT refund to the Indian companies operating in Germany. Currently, Indian companies in the European country do not get refund of VAT paid by them to the Government.

Other issues include registration problems of medicines exported by India to Germany. Sources say that registration of various dugs is a difficult and time-consuming exercise in Germany. The delay reduces the commercial life of the medicines.

Mr Chidambaram is also expected to take up provisions relating to chemical in goods exported by India. According to industry sources, the guidelines pertaining to chemicals in the products imported by Germany are very stringent and lack transparency.

Visa issue

Another issue that the Minister will discuss with the German authorities will be difficulty in getting visas for the spouses of the Indian workers going to Germany.

Another related issue will be the provision regarding refund of social security contributions by Indian professionals in Germany. Under the current provisions, professionals have to wait for two years after leaving Germany to be able to apply for the refund while the companies are not returned their contributions towards social security.

Mr Chidambaram will be accompanied by delegations from the FICCI and the CII.

His visit will be followed by a visit of Ms Angela Merkel, German Chancellor, to India towards the end of October. The visit from the Indian side will also be a precursor to the German Chancellors visit and will help in identifying the deliverables at the home turf during her visit.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Software Outsourcing Company Offshore Software Outsourcing Software Outsourcing Company India Offshore Outsourcing Company India Software BPO Software Business Process Outsourcing Software Outsourcing India Offsho

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