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: TDS :: form 3cd :: ACCOUNTING STANDARD :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: VAT RATES :: Central Excise rule to resale the machines to a new company :: articles on VAT and GST in India :: VAT Audit :: empanelment :: due date for vat payment :: TAX RATES - GOODS TAXABLE @ 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT :: list of goods taxed at 4% :: ACCOUNTING STANDARDS :: cpt
 
 
ę News Headlines »
 Govt extends service tax return filing date to April 30
 No move to tax farm income, clarifies Arun Jaitley
 New board for indirect taxes to become operational from June 1
  9 changes that came into effect from April 1
 First time filing income tax? Here's all you need to know about Form 16 and Form 26AS
 New Opening Financial Controller Chartered Accountant (Manufacturing Plant) A Leading Company
 Income Tax Filing 2017: All you want to know about the single page ITR form SAHAJ
 How to benefit from investments in tax saving mutual funds
 60 per cent of income tax notices on fishy cash deposits returned
 All about income tax return form Sahaj
 Why seeing Form 26AS is a must before filing tax return and how to access it

VCMDWA to file PIL against double taxation
August, 01st 2008

The Vidarbha Computer Manufacturers and Dealers Welfare Association (VCMDWA) plans to file a Public Interest Litigation (PIL) in the Supreme Court (SC) against the government's double taxation policy on software. Prashant Ugemuge, President of VCMDWA said, "The government has levied double taxation on software. The first is value-added tax (VAT) and then we have to shell out for service tax (ST). Paying two types of tax is becoming difficult for end-customers and our dealers."

He gave the instance of selling software like Windows, where a dealer has to pay four percent VAT and 12 percent service tax.


"Besides this, customers also deduct 12 percent as tax deducted at source (TDS). The TDS can be retrieved from the government, but it often takes a couple of years to get it back during that time, the dealer's working capital is blocked. This is why the association has decided to take this extreme step of filing a PIL," he added.

According to market sources, two types of tax on the same product are unconstitutional. Ugemuge said, "The SC has declared that there should not be double taxation on single product, which justifies our fight."

"This fight is to protect the interest of customers as well as dealers. According to our legal experts, we have all the grounds to file a PIL in court. We are hopeful that the judiciary will take this matter into consideration and bring a stay order on double taxation policy of the government or allow for a single tax system," added Hitesh Parikh, VP, VCMDWA.

VCMDWA hopes that other channel associations across the country also join it in this fight. Ugemuge said, "This initiative may not be a big success without the participation of other people from the country."

Meanwhile, the association had organized a blood donation camp and free medical health check up for its members and their family last week. Nearly 170 people participated in the camp and 67 people donated blood.

VCMDWA is also organizing a fun-filled event on August 8,2008 for its members and their families on being voted as one of the best associations in India by The DQ Channels.

Singer Penaz Masaani has been invited as the chief guest for the evening.

 

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Our Team

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