Value Added Tax (VAT)

RECENT NEWS
BBC News  Nov 20  Comment 
Shoppers have given a muted response to the lower rate of VAT although a majority want it extended, a BBC poll finds.
The Economic Times  Nov 10  Comment 
Various levies such as excise, value added tax and service tax are proposed to be subsumed in the the Goods and Services Tax, making it a lot easier for the business and industry.
guardian.co.uk  Nov 8  Comment 
Prospect of sales tax increase could stamp out green shoots of recovery, say retailers Retailers are worried: just when it starts to look as though the worst might be over on the high streets, there are growing fears that an increase in VAT to...
BBC News  Nov 3  Comment 
New Year's Eve revellers will get an extra six hours of reduced-VAT drinking, the government announces.
The Economic Times  Nov 2  Comment 
Assam gov’s decision to increase VAT by 1 percentage point on items subjected to 4% and 12.5% tax under Schedule II of the VAT Act has come under attack both from the opposition and industry bodies.
Times Online  Nov 2  Comment 
The Government was accused last night of “thwarting” enterprise with demands from the owners of collapsed businesses of up to six months of VAT for the right to start again.
BBC News  Oct 31  Comment 
The British Government has been losing out on as much as £1 in every £6 that it could be collecting in VAT, says research.
Commodity Online  Oct 15  Comment 
In a representation sent to Finance Ministry and Empowered Committee on VAT by ASSOCHAM Secretary General Mr. D S Rawat it is stated that Indian fashion industry is at budding stage and accounts for barely 0.3% of international industry s networth...
The Economic Times  Oct 14  Comment 
The Associated Chambers of Commerce and Industry (Assocham) has urged the government to remove the value-added tax (VAT) on fashion products with more than 50 percent handloom and handicrafts input to make them competitive in the global market.
CNNMoney.com  Oct 2  Comment 
President Obama has been steadfast in his pledge that he won't raise taxes on those making less than $250,000. But that doesn't mean only high-income households will be subject to higher taxes.
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