Financial Daily from THE HINDU group of publications
Tuesday, Jan 03, 2006
News
Features
Stocks
Shipping
Archives
Google

Group Sites

 Industry & Economy - Taxation


VAT compensation claims of Bihar, Sikkim settled

K.R. Srivats

New Delhi , Jan. 2

THE Finance Ministry has settled the compensation claims made by Bihar and Sikkim for the loss in tax revenues arising from implementation of State-level value-added tax (VAT).

While Bihar received compensation of Rs 14 crore, the other State that had recently received compensation was Sikkim (Rs 2 crore). So far, the Centre has disbursed Rs 1,317 crore towards compensation for tax revenue loss arising from VAT implementation.

More Stories on : Taxation

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Westerly system stagnates, kicks up rain/snow in North

Diaspora Knowledge Network likely to be set up
Union Bank, ICICI Bank hike NRE, FCNR deposit rates
Four-wheeler sales growth slows in 2005
PM stresses need to bridge urban-rural divide
SRF, Subhash Kabini among 17 cos to get UN validation for carbon trading
Tariff values on vegetable oils reduced — Industry terms it as `small revision'; steepest cut for RBD palmolein
Construction industry takes bigger strides
Left opposes divestment in profitable PSUs
Iran-Pak-India pipeline — India for linking gas prices to crude, alternative fuels
`Mega insurance policies is the trend in energy sector'
`KSEB proposal not feasible'
VAT compensation claims of Bihar, Sikkim settled
Ban on Chinese textiles boosts Indian export growth
IDBI, SIDBI to co-finance SMEs
BIS advisory on hallmarking
Trade, industry seek clarifications in industrial policy
Science congress to focus on rural issues
TRAI panel proposes 74% FDI in cable TV operations
Synergy among oil PSUs through M&A required: Aiyar
`I am much less interested in tie-ups abroad. Energy security like charity begins at home.'
Venerable meeting
Revenue adalat
In Hyderabad today
Slowdown in vegoil import
`Market for ayurveda largely untapped' — Need to evolve scientific discipline from a rich knowledge base
Ayurvedic exports to sport label on heavy metals from today
CBDT extends time for filing quarterly returns on deposits
New chamber office-bearers
Bibek Debroy is PHDCCI Secretary General
Shantilal Daga to represent ICAI in developing nations committee

The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright © 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line