News for 'value-added-tax'

GST won't make luxury cars, SUVs cheaper

It is immediately not clear how GST will impact the mass car market. Experts, however, say the level of tax on smaller cars will have to be at a differential to the sedans.

FM for 5% Customs cut

Bullion: Four states plan uniform tax

Correcting a serious anomaly in the value added tax structure, an official committee on Monday prevailed upon Delhi, Rajasthan, Uttar Pradesh and Gujarat to maintain uniform tax rates on bullion.

Inter-state trade costs may rise

India may have to hike VAT to 20%: PwC

States agree on uniform VAT

Twenty one states which have switched over to Value-Added Tax on Tuesday agreed to adopt uniform rates for industrial input, capital goods and essential commodities like medicines, salt, bread and PDS items.

Hike VAT to stop CST phase-out loss

VAT: Truckers threaten strike

VAT: Strike evokes mixed response

The nationwide 3-day traders strike against value added tax being implemented by 21 states from April 1 evoked a mixed response on Wednesday with wholesale markets remaining closed in major cities but retailers carrying out business in many places.

The virtue of VAT

VAT: Traders to appeal to President

The trader's association, CAIT, which has called for a 3-day nationwide strike from Wednesday, has decided to present a petition to President APJ Abdul Kalam opposing the service tax levied on traders and the proposed value added tax from April 1, 20

What VAT needs

Chidambaram urges states to implement VAT

He also said that the expert committee on amendments to the Income-Tax Act was expected to submit a draft Bill during the early part of 2006, but did not give any time-frame for the introduction of amendments.

'VAT will not fuel inflation'

Empowered committee of state finance ministers on value-added tax has sought to allay fears of traders that the new tax system will lead to increase in prices, stating that the worldwide experience did not support this apprehension.

Govt plans tax information exchange

The Centre is planning to establish a Taxation Information Exchange System to track inter-state trade of all commodities after the phase-out of Central Sales Tax.

VAT: All-India strike from Mar 29

Announcing a 96-hour country-wide strike against the value added tax system from March 29, traders' body Akhil Bharatiya Udyog Vyapar Mandal on Tuesday

VAT: Traders plan 4-day strike from Mar 29

Intensifying their stir against the implementation of value added tax from April, traders on Wednesday threatened to down shutters for four days from March 29 and warned of "tough" days ahead for the government.

States to get more leeway in new service tax regim

VAT loss bill may go up by Rs 3,000 cr

FM initiates process for VAT launch

Traders say VAT to hit trade, consumers

VAT woes hit foreign insurers

'VAT will curb tax evasion, increase revenue'

VAT details to be put on the Internet

Are higher taxes responsible for India's economic slowdown?

The combined share of customs and excise duties, service tax, and value-added tax in India's gross domestic product reached an all-time high of 10.5%.

FM puts weight behind VAT

What is brewing on VAT?

Traders plan stir against VAT

UP to submit draft law on VAT soon

No Central Sales Tax from 2009

VAT implementation: Meet on July 9

The empowered committee on value added tax will meet on Saturday to take up the issues arising after three months of implementation of the new tax system by 21 states, including compensation formula for any losses incurred by states due to VAT.

VAT: Truckers continue to evade tax

Value added tax regime has not proved superior to sales tax system in tackling tax avoidance so far as inter-state and intra-state movement of goods are concerned, says a survey.

Pharma firms agree on VAT

How VAT works

Do you understand VAT? Do you need advice on the new VAT laws and how they affect your business? Here's help.

VAT panel to meet soon

NCAER: VAT yet to lower some prices

6 more states may switch to VAT in '06

Six more states are set to join the value added tax regime from April

Petrol, diesel to be out of VAT

VAT drives business out of Delhi

Rs 5-lakh turnover? No VAT for you

Seeking to allay fears of the trading community, the Empowered Committee on Value Added Tax on Thursday said there would no 'inspection raj' when the new state-level tax regime comes into effect from April 2005.