Need Tally
for Clients?

Contact Us! Here

  Tally Auditor

License (Renewal)
  Tally Gold

License Renewal

  Tally Silver

License Renewal
  Tally Silver

New Licence
  Tally Gold

New Licence
 
Open DEMAT Account with in 24 Hrs and start investing now!
« Top Headlines »
Open DEMAT Account in 24 hrs
 Notification No. 27/2023 CENTRAL BOARD OF DIRECT TAXES
 How to calculate income tax on stock market earnings along with your salary?
 10 things to remember while investing in tax saving fixed deposits (FDs)
 How HRA exemption can help you save tax in 2023-24
 Filing ITR On Your Own? A Senior Income Tax Expert Suggests This
 Income tax return filing for FY22-23: Form 16 issue date, ITR forms and more
 Notification No. 22/2023 CENTRAL BOARD OF DIRECT TAXES
 Four tax-saving tools for your investment portfolio
 How to decide which Income Tax Regime is good for you in FY 2023-24
 How to maximise your tax refund: Strategies for smart filing
 How to optimise tax savings under the new tax regime in FY24?

Tirupur exporters seek exemption from input tax
December, 20th 2006

The Tirupur Exporters Association (TEA) wants the Tamil Nadu Government to exempt the exporters from payment of input tax while implementing the Tamil Nadu Value Added Tax Act 2006, which comes into effect from January.

Expressing apprehension over the provision of the Section 18(2) of the TN VAT Act, 2006, which will compel the exporters to claim refund of input tax paid on items/goods that go into export production through a refund application filed with the tax department, the TEA President, Mr A. Sakthivel, said this provision would prove cumbersome for the exporters as this process may involve lot of paper work on both exporters and also the tax department leading to problems such as middlemen and inordinate delay in refund.

To overcome this, the association has suggested that the exporters can be given a specific declaration (like the form H under TNGST Act) to their input suppliers supplying raw material/packaging going into export production, and the suppliers in turn may raise the invoice without charging VAT, thereby, exempting the exporters from payment of tax.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2023 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting