November 8, 2013
“Real estate sector loses tax battle”(Business Line, November 7) is full of errors about the statutory provisions decision of the Apex Court. There is confusion regarding...
Panaji, Oct 11
The Manohar Parrikar-led Goa government’s populist measure to exempt Value Added Tax (VAT) on petrol has shrunk revenue collections from this product from Rs 157 crore, to a mere Rs 1 crore during...
Hyderabad, Aug. 9
Hyderabad generates about 40 per cent of the total value-added tax collections in the State. »
New Delhi, Jul 17
The Empowered Committee of State Finance Ministers on Goods and Service Tax (GST) will elect its new Chairman at their meeting to be held on July 22. The post is lying vacant since June...
May 16, 2013
Finally, there seems to be some progress in GST implementation, with States at least trying to reach a consensus of key issues.
Hyderabad, April 28
The Andhra Pradesh Government has decided to withdraw Value Added Tax (VAT) on textiles. After a series of meetings on Sunday to end the deadlock over the issue with Group of Ministers a...
Panaji, April 26
Goa government will refund Value Added Tax (VAT) to foreign tourists on goods bought in the state while they return to the airport, from November this year onwards, Chief Minister Manohar Parrikar...
Panaji, March 18
The Goa Government, which presented the Budget in the Assembly on Monday, has introduced various measures to ramp up tax collection from traders.
Among other things, there would be a spot...
New Delhi, Nov. 18
The Aam Aadmi Party (AAP), which plans to come out with its manifesto this week, said it would work for simplification of value added tax (VAT) in Delhi to enable “businesses to grow”.
Chandigarh, Oct 30
Haryana continued to post “dismal” growth in tax revenue mobilisation in the wake of slowdown in industrial segment as state’s Value Added Tax (VAT) collections rose by 7.74 per cent for April til...
Coimbatore, Sept. 30
Tea Trade Association of Coimbatore has appealed to the State Government for a uniform VAT rate of one per cent for all teas sold through the auction centres and subsequent sales within the State.
Kolkata, Aug 3
MCC Chamber of Commerce & Industry said some of the recently revised incentives proposals for new industrial units by the West Bengal Government were novel. The incentives ha...
June 16, 2013
When expanding into a rapid-growth economy such as India, few companies pay attention to the crucial area of indirect taxes.
Lucknow, May 7
Giving relief to smokers, Uttar Pradesh government today slashed VAT on cigarette/cigar from existing 50 per cent to 25 per cent, official sources said here.
The decision was taken at the...
Chandigarh, April 28
Deputy Chief Minister Sukhbir Singh Badal today said the VAT collections in Punjab had more than doubled in the past five years and was likely to touch Rs 16,000 crore this year.
Visakhapatnam, April 15
Oil tankers went off the road from Monday in Andhra Pradesh, as truck owners resorted to strike as they were engaged in a dispute with the oil companies on payment of value-added tax of 5 per cent...
Kolkata, March 11
The West Bengal budget’s proposal to increase the value added tax (VAT) rate by one per cent would be detrimental to the interests of trade and would have an inflationary effect, industry and comm...