« Top Headlines » Open DEMAT Account in 24 hrs  How to Change Current Period in Tally Prime Step-by-Step Guide for Users  Global Payroll Management with Tally Prime: How International Businesses Use It Beyond India  How to Manage B2B HSN Codes in Tally Prime: A Complete Guide for Businesses  How to Check Business Revenue in Tally Prime: A Complete Step-by-Step Guide  MSME Payment Rule in Tally Prime: Understanding the Law and Its Impact on Businesses in 2025 The MSME (Micro, Small and Medium Enterprises) Payment Rule is a legal framework introduced under th  Multipurpose Empanelment Form (MEF) 2025 26 Meaning, Purpose, and How to Manage It in Tally Prime  GST Appellate Tribunal (GSTAT) Structure, Powers, and Its Relevance in Tally Prime Implementation  How Tally Prime Supports the Real Estate & Construction Industry in India  Comparison Between Tally Prime 6.1 and Tally Prime 6.2  How Tally Prime Renewal Helps Save My Data  Where to Buy Tally Prime 7.0 at the Best Rates Possible «  SEZ board plans package for 'displaced'... Investments by regional SEs in arm tax-exempt... » Coimbatore motor parts dealers seek VAT reduction September, 20th 2006 The Coimbatore Motor Parts Dealers Association has sought reduction in VAT on automobile goods in view of the difficult situation faced by the dealers. At the AGM of the association, it was decided to request the Chairman of the empowered committee on VAT, Mr Asim Dasgupta, that "in view of the perilous condition" of the small automobile traders (auto retailers), the rate of VAT on automobile goods should be reduced from 12.5 per cent to four per cent. The association also said that there were many items like spares of tractors, bearings and other items used in agriculture where the rate of VAT was four per cent. The decision of Tamil Nadu Government to introduce VAT from January 1, 2007 was welcomed. The following were elected as association office bearers for 2006-07: Mr S. Amarjit Singh, President; Mr R. Sivakumar and Mr E.M. Hameed Ibrahim, Vice-Presidents; Mr V. Sarangapani, Secretary; Mr K.C. Sekar and Mr Raguramgupta, Joint Secretaries; and Mr P. Srinivasan, Honorary Treasurer.