The government today exuded confidence of introducing major reforms on direct and indirect taxes front in the form of Goods and Services Tax (GST) and Direct Taxes Code (DTC) from April 1, 2011. “I am confident that the government will be in a position to implement DTC from April one, 2011… It will be my earnest
GST as you are aware is just value added tax (VAT). Sales tax and VAT for interstate transactions today were origin based that means when the tax is going it is the original state. The seller state tax rates which were getting incorporated, seller was collecting the tax for the interstate transaction part whereas in
The ruling party was in for major embarrassment on Monday when the Opposition in the Assembly used a technicality to stall a Bill that aimed at increasing value added tax (VAT) on more than 100 items.
Mumbai, Apr 19 : The Maharashtra government faced an embarrassing situation when it could not push through the Value added tax (VAT) bill after the opposition in the Legislative Assembly managed to force a discussion on the bill tomorrow
Import of goods into India is subject to a levy of customs duty and the person importing the goods is liable to pay customs duty at the applicable rates. Customs duty consists of various components; viz the Basic Customs Duty (BCD), the Countervailing Duty (CVD) in lieu of the excise duty and the Additional Duty
Tesco says recovery gaining hold, steps up growthTesco says recovery gaining hold, steps up growth
At the root of the ongoing power crisis in the state is the lack of availability of good quality coal. The situation will only get worse and solar energy could be the saviour. But how prepared is Bengal to use it as a resource?
The committee set up by the Central Board of Direct Taxes (CBDT) is considering various options to retain minimum alternate tax (MAT) with the new proposed base of gross assets
The proposed price pooling for natural gas-a way of leveling the consumer price of gas without affecting the interests of
Chandigarh, Apr 13 : The Haryana government has waived off VAT on fish feed and fish meal, besides reducing electricity tariff for fisheries sector to Rupees 0.25 per unit as part of its plan to promote fish culture in the state on large scale