Value Added Tax (VAT)

RECENT NEWS
The Hindu Business Line  May 26  Comment 
The Gujarat government has rolled back 5 per cent value added tax (VAT) imposed on industrial salt in 2016-17 budget. A decision to this effect was taken at the Cabinet meeting yesterday. “Keeping...
The Economist  May 12  Comment 
Depends on where you are IN THE battle to smash the patriarchy, feminist campaigners have found an unlikely ally: the European Commission. Their gripe is with the tampon tax, the minimum 5% rate of value-added tax (VAT) on sanitary products...
The Times of India  May 11  Comment 
During a workshop on automated filing of value added tax (VAT) returns organized by the Nag Vidarbha Chamber of Commerce (NVCC), the traders were told that returns have to be filed first and the tax is paid later.
Mondo Visione  May 4  Comment 
According to the “Notice on Fully Promoting the Pilot Program for Replacing Business Tax with Value-Added Tax” (Cai-Shui [2016] No. 36) issued by the Ministry of Finance and State Administration of Taxation, starting from May 1, 2016, Dalian...
The Economic Times  May 3  Comment 
Engineering exporters have made a strong plea to the West Bengal government for release of "considerable amount of money" blocked with state due to VAT related issues.
The Hindu Business Line  May 1  Comment 
China today replaced all business tax with a value-added tax (VAT) after extending the policy to cover four new sectors of construction, real estate, finance and consumer services, as part of reform ...
The Times of India  Apr 30  Comment 
SIT vice chairman said that probe agencies working under the high-power panel have revealed "horrifying" figures, where "97,000 people who are directors in more than 20 companies and 2,000 others are in gross violation of laws".
Insurance Journal  Apr 26  Comment 
A Wisconsin food cannery faces $143,550 in federal penalties after a 35-year-old worker fell more than 17 feet into an empty sauerkraut vat and broke multiple bones. It marks the fourth time since 2011 that the U.S. Department of...
The Economic Times  Apr 25  Comment 
A delegation of salt producers, who are opposing 5 per cent VAT imposed on industrial salt introduced by the government from the current financial year.




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