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: ACCOUNTING STANDARDS :: Central Excise rule to resale the machines to a new company :: cpt :: due date for vat payment :: form 3cd :: TAX RATES - GOODS TAXABLE @ 4% :: empanelment :: list of goods taxed at 4% :: articles on VAT and GST in India :: VAT RATES :: ACCOUNTING STANDARD :: TDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT Audit
 
 
« VAT (Value Added Tax) »
 Date for filing quarterly VAT returns extended
 Framing of Central Assessments - Dated 2-2-2017 - VAT - Delhi
 CENVAT Credit (Amendment) Rules, 2017
 VAT to Give Way to Consumption Tax
 Import stage VAT under new VAT law
  VAT returns: Relief for traders as UT allows old form
  Grant of Registration under DVAT and CST
 Taxpayers Face Big Financing Costs From VAT Bill 2017
 VAT returns: Relief for traders as UT allows old form
 Gov’t agrees to retain VAT exemptions of seniors, PWDs Read more: https://business.inquirer.net/223121/govt-agrees-retain-vat-exemptions-seniors-pwds#ixzz4W5NV2I48 Follow us: @inquirerdotnet on Twitter | inquirerdotnet on Facebook
 Understanding VAT refunds

Waives 4 per cent VAT
August, 28th 2009

Even as the Gujarat government on Thursday decided to waive, for one year, the four per cent value added tax (VAT) on the import of sugar, it expects the sugar production in the state to increase this season.

State Agriculture Minister Dilip Sanghani told Newsline this evening that the decision would benefit sugarcane growers as well as consumers especially when festivals are round the corner.

He claimed that the move would not harm the co-operative societies managing sugar factories or for that matter the sugarcane growers. Though a marginal increase in sugar production in Gujarat is projected this season, the quota of sugarcane being brought to sugar factories for crushing may get exhausted in the next four to five months. Hence, this decision, contended the minister.

Sources in the state Co-operative Sugar Producers Federation, however, apprehended that the decision to encourage the import of sugar by waiving VAT would harm the interests of not only local sugar factories, but also the farmers growing sugarcane in the state.

The state has as many as 17 sugar factories, including 15 located in south Gujarat and two in Saurashtra.

The sugar production in the state was recorded at 1.01 crore quintals in 2008-09, which is expected to increase to 1.18 crore quintals by October this year when the sugarcane crushing season begins.

Gujarat has enough sugar production, but since the Centre controls the prices of this sweet commodity across the country, local consumers or sugar co-operatives will not be benefited by the projected rise in its production, said a senior official.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
System Testing Solution Manual Software Testing Solutions Automation Software Testing Solutions System Workflow Testing System Manual Testing

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