sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Latest Expert Exchange
News Headlines »
 First Writ Petition In The General Interest Of CA Members From Northern India
 How much tax are you liable to pay on long-term capital gains on property?
 How To Save Tax Deductions Despite New Law
 Companies (Appointment and Qualification of Directors) Sixth Amendment Rules, 2018.
 Easier tax refund regime for exporters in the works
 Income tax on your gold and real estate investments
 Extension of time limit for submitting the declaration in FORM GST TRAN-1 under rule 117(1A) of the Central Goods and Service Tax Rules, 2017 in certain cases
 How RBI dealt with the crisis amid tensions with FinMin
 Pay tax on this PF account withdrawal Income tax return (ITR) filinga
 Seeks to make amendments (Ninth Amendment, 2018) to the CGST Rules, 2017.
 How govt is dealing with tax evasion, corporate fraud

`Scrap service tax on goods transport agency'
January, 27th 2007
The Tamil Nadu Chamber of Commerce and Industry has urged the Union Finance Ministry to withdraw service tax on goods transport agency.

He also asked the Forward Markets Commission (FMC) to abolish futures trading in all essential food items, as it did in urad and tur, on all bourses with immediate effect in order to bring down effectively the prices of essential commodities and check the inflationary trend in the country.

In a statement here, the chamber President, Mr S. Rethinavelu, said the decision of the Union Finance Ministry to slash customs duty on Portland cement, primary and semi finished metals and certain specified capital goods and the directive by the FMC to suspend futures trading and delisting of all contracts of urad and tur are taken with a view to bringing down prices. They would cause little or no impact in checking the rising prices of all essential commodities and the escalating inflation rate in the country.

The surging logistics cost is one of the main driving forces constantly impacting the rise in prices of commodities, especially essential food items, transported mainly by road transport throughout the country. The levy of service tax including education cess on goods transport agency constitute sizable component in the cost of many products. The Union Petroleum Minister has even called for the withdrawal of service tax on survey and exploration of minerals along with removal of excise duty on diesel in a phased manner to bring down the diesel prices, he has pointed out.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Achievements

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions