Need Tally
for Clients?

Contact Us! Here

  Tally Auditor

License (Renewal)
  Tally Gold

License Renewal

  Tally Silver

License Renewal
  Tally Silver

New Licence
  Tally Gold

New Licence
 
Open DEMAT Account with in 24 Hrs and start investing now!
« VAT (Value Added Tax) »
Open DEMAT Account in 24 hrs
 Gujarat slashes tax on ATF by 5 per cent
 CENVAT Credit can’t be denied If ISD invoices issued for distribution of ITC prior to Registration
 1 step forward, 2 steps back. Is GST going the VAT way?
 1 step forward, 2 steps back. Is GST going the VAT way?
 Pending VAT comes to haunt companies claiming input tax credit
 One-time settlement of VAT, excise disputes in the works
 Haryana government uploads photos of VAT defaulters
 Filing of online return for 4th quarter of 2017-18 extension of period thereof.
 No Cenvat credit admissible on outward transportation services from factory to buyer’s premises
  Filing of reconciliation return in form 9 for the year 2016-17
 Govt may send notice to 162 companies; ask for VAT returns

Textile traders may resume VAT protest
September, 01st 2012

Textile traders may restart their agitation against the government as the latter has reportedly not worked towards fulfilling its promise to abolish Value Added Tax. Traders allege that commercial tax officials are seizing their goods and serving notices demanding tax payment as per VAT stipulations when a government order scrapping 5% tax is due.

The state government had in July 2011 imposed VAT on textiles sparking intense protests from the traders. The government did not buckle despite a state-wide eight-day trade holiday declared by the traders in January this year. The commercial taxes department continued detaining bales and urging traders to register for Tax Identification Numbers ( TIN).

However this April the traders were able to negotiate an alternative tax mode with the government. The government agreed to 1% tax on turnover and promised traders speedy issue of an ordinance to the effect. But four months after, traders are unsure if the government will keep its word. "The chief minister had assured us that an order would be released soon but there has been no progress. The commercial tax officers are detaining bales and demanding a penalty of 5% in addition to tax component, from July 2011. About 5,000 bales have been detained since by-polls concluded in June," said office bearer Prakash Ammanabolu of Andhra Pradesh Federation of Textile Associations. It has been learnt that one of the ministers opposed the trader's proposal denying the ordinance governor's approval. The proposal is now pending with the cabinet.

When contacted, commissioner, commercial taxes, Suresh Chanda said that his department was awaiting instructions from the government. "We are waiting for instructions but until they come we are bound by the law. However seizes are being made not just for non-payment of tax but also for not registering with the department, which is mandatory," he said.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2024 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting