Exporters in Delhi will no more have to rush from one department to another for refund of the value added tax (VAT). The Delhi government Thursday started a single window service to speed up the process of payment of VAT refunds to the exporters. “Export promotion has been an important effort of the government at [...]
Archive for the ‘Indirect Taxes’ Category
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Indirect Tax collections for April-July up 46 per cent
Posted by admin on August 13th, 2010
Indirect tax collection increased by 46.2 per cent during the first four months of this financial year, boosted by a sharp jump in the collection of custom duties. Total revenue collections were to the tune of Rs.96,223 crore during April-July 2010. The maximum growth was in customs collections which increased more than 70 per cent [...]
Mangalore Central Excise Web site launched
Posted by khyati on August 6th, 2010
The Mangalore Commissionerate of Central Excise launched its Web site on July 30. A press release said here that the Web site (http://cexmangalore.gov.in) contains details of matters related to Central Excise and Service Tax in the commissionerate. The site provides information about the jurisdiction of the commissionerate, portfolio held by officers, statistical data of Central [...]
ICA opposes new GST rates
Posted by khyati on August 6th, 2010
The Indian Cellular Association (ICA), the apex body representing the mobile handset industry, has opposed the introduction of the proposed GST rates of 12 per cent and 20 per cent in 2011-12. The industry association said that the Government should declare mobile phones as a product of national importance and impose a flat GST of [...]
States reject GST draft Bill
Posted by khyati on August 5th, 2010
States opposed a draft bill to amend the Constitution, a measure proposed by the Centre for rolling out goods and services tax, in its present form as it provides veto power to the Union Finance Minister in matters relating to state subjects. The Opposition came on a day when the Union Finance Minister Pranab Mukherjee [...]
Simplified GST regime being worked out
Posted by khyati on August 4th, 2010
The government is likely to settle for a simple regime to administer the proposed goods and services tax that is in line with the low rates and easy procedures approach followed in the case of income tax, which has helped increase compliance. The mandatory annual audit that gives nightmares to the industry may be replaced [...]
