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 INPUT TAX CREDIT IN VAT :: cpt :: ACCOUNTING STANDARD :: VAT RATES :: form 3cd :: list of goods taxed at 4% :: ACCOUNTING STANDARDS :: due date for vat payment :: articles on VAT and GST in India :: empanelment :: Central Excise rule to resale the machines to a new company :: TDS :: VAT Audit :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TAX RATES - GOODS TAXABLE @ 4%
 
 
News Headlines »
 Invoking Writ Jurisdiction For Income Tax Matters
 How to file income-tax returns online
 How Income Tax Returns Are Scrutinised
 All About New Income Disclosure Scheme to make Demonetisation successful
 Your deposit may draw income tax notice
 Accepting payment under IDS 2016
 New disclosure scheme could see 50% tax and 4-year limit on cash use for unaccounted deposits
 Pay 50% tax on unaccounted deposits, or 85% if caught, says Modi government
 Deadline to pay property tax in old currency extended
 Cabinet clears amendments to Income Tax Act
 Have you got interest on your income tax refund?

Punjab's tax base shrinking: Minister
August, 25th 2007
Claiming that Punjab's tax base was "shrinking", Cooperative Minister Capt Kanwaljit Singh on Friday strongly advocated cutting government expenditure.

"The tax collection through VAT in Punjab is a meagre five per cent compared to 25 to 30 per cent collected in other states", he told reporters here.

"The state government's VAT collection from agriculture was 20 per cent. However, in the recent times, there had been a decline of 20 per cent in growth of paddy," he added.

Expressing concern over the fiscal position of the state, Kanwaljit Singh - who was state's finance minister during the earlier regime of Badal - said, "State's tax base is shrinking".

"Our industrial growth is negative...there is no big industry in the state," he said.

VAT and other taxes in the state need to be rationalised, he said. However, he stressed that there was no need to burden the people of the state by levying fresh taxes.

Meanwhile, Punjab's Industry minister Manoranjan Kalia suggested low rate of tax and stricter recovery methods.

"The need is to give relief to tax payers and increase the volume of recovery," he added.

Both the ministers were speaking at two separate functions held at same venue.
 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - About Us

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