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VAT (Value Added Tax)
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VAT (Value Added Tax)
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Naidu to raise issue of VAT on textiles in Assembly
Telugu Desam Party president N. Chandrababu Naidu on Tuesday extended his party's support to the ongoing strike by textile traders and said the issue would be raised in the coming budget session of the Assembly.
DHARNA HELD
Participating in the dharna' organised by the traders demanding withdrawa...
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Bengal govt owes Rs 300-350 cr to leather exporters as VAT refunds
The sorry state of West Bengal government's bank accounts have left the leather exporters in lurch since last five years. The state government owes close to Rs 300-350 crores to leather exporters in the state as value added tax (VAT) refund which have not been paid since last five years.
Sanjay Bar...
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TDP to take up textile VAT issue in Assembly
The President of the Telugu Desam Party and the Leader of Opposition in the Andhra Pradesh Assembly, Mr N. Chandrababu Naidu, will raise the issue of imposition of VAT on textiles in the forthcoming Assembly session.
The issue has prompted textile traders to go on a a nine-day state-wide bandh.
Ad...
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Textile stir a dampner for weddings
The ongoing textile traders' strike has taken the sheen out of weddings in the state in the auspicious Maga masam. With the textile shops shutting down the shutters since January 23 over imposition of 5 per cent value added tax (VAT), the marriage plans have gone awry.
The period starting from Jan...
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Ministers differ over VAT on textile traders
The imposition of Value Added Tax on textile traders found its echo in the State Cabinet meeting on Monday when it caused heated exchanges between Ministers who were supportive of levy of VAT and those who wanted its withdrawal on the ground that it would ultimately hit the common man, the Congress ...
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VAT conference turns ugly in Jamshedpur
A conference convened on Monday by the state commercial tax department to discuss enhancement and amendments to VAT turned ugly when traders raised issues on the shortcomings in the system before the senior officials of the department. In the conference chaired by the secretary-cum-commissioner, com...
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Will pay VAT on sale of gas in UP from Feb 1
Reliance Industries Ltd (RIL) on Monday assured the Supreme Court that it would start paying Value Added Tax (VAT) to Uttar Pradesh government on sale of gas in the state from February one till a decision by the Allahabad High Court on its plea against the tax imposition.
Taking note of RIL's submi...
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Gujarat govt asks Essar Oil to pay Rs 8011cr tax
Gujarat government asked Essar Oil to pay Rs 8011 crore its outstanding sales tax and VAT at the earliest, reports CNBC-TV18.Essar Oil touched an intraday high of Rs 61.60 and an intraday low of Rs 58.50. At 09:55 hrs the share was quoting at Rs 59.60, down Rs 2.85, or 4.56%. It was trading wi...
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No abolition of VAT on textiles
Chief minister N Kiran Kumar Reddy turned down the demand of textile traders on withdrawal of five per cent Value Added Tax (VAT) levied on textiles in the state.
The textile traders across the state have been observing a textile trade bandh for the past five days demanding abolition of VAT.
A del...
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Strike hits petty traders
It's the petty textile traders who are facing the heat of the anti-VAT strike. Reeling under mounting losses owing to the ongoing shutdown, these traders in Sultan Bazaar and Badi Chowdi decided to open their shutters on Republic Day hoping for a partial recovery of the losses they suffered in the l...
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