Value Added Tax (VAT)

RECENT NEWS
The Hindu Business Line  Jan 31  Comment 
Making a bid to woo all sections to return to power, the AAP today made a host of promises in its manifesto like 24X7 “affordable” power supply, free Wi-Fi across the city, installation of at leas...
guardian.co.uk  Jan 6  Comment 
But small businesses that sell digital services say they are already being hit by new rules that mean they will have to charge VAT when they sell outside the UK HMRC has announced that there will be a “transitional period” for small...
The Hindu Business Line  Dec 23  Comment 
Following pressure from retail traders’ associations, Kerala Finance Minister KM Mani has agreed to look into taxation issues thrown up by the growing online retailing, which the associations...
The Economic Times  Dec 21  Comment 
According to ICA estimates, of the total Rs 10,000 crore mobile phone market in Maharashtra, the state is losing revenue on Rs 2500 crore e-Commerce mobile phone market due to high VAT percentage.
The Hindu Business Line  Dec 20  Comment 
The Capital Region Development Authority Bill and a Bill to amend AP Value Added Tax Act, 2005 have been tabled in the Andhra Pradesh Legislative Assembly. The State Minister for Municip...
Forbes  Dec 19  Comment 
A U.S. senator has introduced tax reform legislation that would fundamentally transform how Americans pay for the cost of government. The bill would slash the corporate rate in half and exempt most Americans from the income tax. And it would do...
The Hindu Business Line  Dec 19  Comment 
Rajasthan government has announced an increase in Value Added Tax on petrol and diesel prices, making the fuel costlier. It raised VAT on both the products by 4 per cent, leading to an in...
The Economic Times  Dec 19  Comment 
The applicable VAT on mobiles in these 5 states ranges between 12.5% & 15%, which is above 5% floor rate followed by some 25 other regions, said ICA spokesman.
guardian.co.uk  Dec 14  Comment 
Switching taxation from VAT and on to the incomes of the super-rich would increase spending on goods and services Will Hutton is right (“Forget austerity – what we need is a stronger state and more taxation”, Comment). But do we really need...
The Economic Times  Dec 11  Comment 
Officials in Telangana said the thinking behind the move to levy VAT was part of a broader plan to bolster tax revenues.




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