http://vat-experts.info VAT in India, India VAT, VAT Expert India Copyright 2006 Fri, 13 Jan 2006 05:55:56 +0000 http://wordpress.org/?v=1.2.2 http://vat-experts.info/842/uk-government-loses-carousel-vat-ruling/ http://vat-experts.info/842/uk-government-loses-carousel-vat-ruling/#comments Fri, 13 Jan 2006 05:55:56 +0000 A News http://vat-experts.info/842/uk-government-loses-carousel-vat-ruling/ UK government loses ‘carousel’ VAT ruling The UK government on Thursday faced the prospect of claims for refunds of value added tax and compensation running into hundreds of millions of pounds after the European Court of Justice declared the approach used by HM Revenue & Customs to combat so-called “carousel fraud” ... http://vat-experts.info/842/uk-government-loses-carousel-vat-ruling/feed/ http://vat-experts.info/841/ijma-demands-exemption-from-vat/ http://vat-experts.info/841/ijma-demands-exemption-from-vat/#comments Fri, 13 Jan 2006 05:55:08 +0000 A News http://vat-experts.info/841/ijma-demands-exemption-from-vat/ IJMA demands exemption from VAT Blaming the government for imposing an eight per cent Value Added Tax (VAT) on imitation jewellery in Maharashtra, the Imitation Jewellery Manufacturers' Association (IJMA) has demanded that they should be exempted from the levy. Addressing the reporters here last night, IJMA president Narendra Soni said that in ... http://vat-experts.info/841/ijma-demands-exemption-from-vat/feed/ http://vat-experts.info/840/finance-dept-rejects-varied-vat-cap-rates/ http://vat-experts.info/840/finance-dept-rejects-varied-vat-cap-rates/#comments Fri, 13 Jan 2006 05:54:35 +0000 A News http://vat-experts.info/840/finance-dept-rejects-varied-vat-cap-rates/ Finance dept rejects varied VAT cap rates THE Department of Finance has rejected a proposal from the business community to set different limits for input value-added tax (VAT) credits for various industries, citing that varying the rate could lead to abuse and tax leaks, a department official said. The VAT law ... http://vat-experts.info/840/finance-dept-rejects-varied-vat-cap-rates/feed/ http://vat-experts.info/839/vat-damages-to-states-may-be-clipped/ http://vat-experts.info/839/vat-damages-to-states-may-be-clipped/#comments Fri, 13 Jan 2006 05:53:57 +0000 A News http://vat-experts.info/839/vat-damages-to-states-may-be-clipped/ VAT damages to states may be clipped Compensation to states for losses under value-added tax for 2006-07 can be pegged marginally lower at around Rs 4,000 crore. The lower compensation is because the outgo on account of compensation to states and Union Territories in 2005-06 is now expected to be ... http://vat-experts.info/839/vat-damages-to-states-may-be-clipped/feed/ http://vat-experts.info/838/bni-plans-rp-2t-in-fresh-loans-to-textile-firms/ http://vat-experts.info/838/bni-plans-rp-2t-in-fresh-loans-to-textile-firms/#comments Thu, 12 Jan 2006 07:04:14 +0000 A News http://vat-experts.info/838/bni-plans-rp-2t-in-fresh-loans-to-textile-firms/ BNI plans Rp 2t in fresh loans to textile firms While acknowledging that lending to the textile industry carries a high risk, state lender Bank Negara Indonesia (BNI) will increase its loans to the sector this year. "We estimate that loans to textile companies will increase by Rp 2 trillion (US$211 million) ... http://vat-experts.info/838/bni-plans-rp-2t-in-fresh-loans-to-textile-firms/feed/ http://vat-experts.info/837/ndonesia-to-scrap-10-pct-vat-on-foreign-liners/ http://vat-experts.info/837/ndonesia-to-scrap-10-pct-vat-on-foreign-liners/#comments Thu, 12 Jan 2006 07:03:36 +0000 A News http://vat-experts.info/837/ndonesia-to-scrap-10-pct-vat-on-foreign-liners/ ndonesia to scrap 10 pct VAT on foreign liners The Indonesian government plans to scrap a 10 percent value added tax (VAT) currently imposed on foreign liners in its efforts to reduce the high-cost of doing business in the country, reports said Wednesday. The plan comes following an earlier decision to ... http://vat-experts.info/837/ndonesia-to-scrap-10-pct-vat-on-foreign-liners/feed/ http://vat-experts.info/836/taxation-experts-demystify-vat/ http://vat-experts.info/836/taxation-experts-demystify-vat/#comments Thu, 12 Jan 2006 07:03:03 +0000 A News http://vat-experts.info/836/taxation-experts-demystify-vat/ Taxation experts demystify VAT VAT is a must to make Indian industry and trade competitive both at the domestic and global level, said experts from UT Chandigarh’s Taxation Department and the PHD Chamber of Commerce and Industry (PHDCCI) at a workshop on Chandigarh VAT held on Tuesday. UT Deputy Commissioner ... http://vat-experts.info/836/taxation-experts-demystify-vat/feed/ http://vat-experts.info/835/fbt-to-stay-bjp-ruled-states-to-implement-vat-from-april-one/ http://vat-experts.info/835/fbt-to-stay-bjp-ruled-states-to-implement-vat-from-april-one/#comments Thu, 12 Jan 2006 07:02:11 +0000 A News http://vat-experts.info/835/fbt-to-stay-bjp-ruled-states-to-implement-vat-from-april-one/ FBT to stay, BJP ruled states to implement VAT from April one Finance Minister P Chidambaram today gave a distinct message that the Fringe Benefit Tax (FBT) was here to stay even though the government will carry out further simplifications in Budget 2006-07 and dispelled the notion that the reform ... http://vat-experts.info/835/fbt-to-stay-bjp-ruled-states-to-implement-vat-from-april-one/feed/ http://vat-experts.info/834/germanys-steinbrueck-says-faster-growth-may-counter-vat-rise/ http://vat-experts.info/834/germanys-steinbrueck-says-faster-growth-may-counter-vat-rise/#comments Thu, 12 Jan 2006 07:01:42 +0000 A News http://vat-experts.info/834/germanys-steinbrueck-says-faster-growth-may-counter-vat-rise/ Germany's Steinbrueck Says Faster Growth May Counter VAT Rise German Finance Minister Peer Steinbrueck defended the government's plan to raise value-added tax in 2007, saying faster economic growth this year may counter the negative effects of the increase on consumer spending. Chancellor Angela Merkel said yesterday her government's plan to ... http://vat-experts.info/834/germanys-steinbrueck-says-faster-growth-may-counter-vat-rise/feed/ http://vat-experts.info/833/firs-loses-n146m-vat-to-syndicate/ http://vat-experts.info/833/firs-loses-n146m-vat-to-syndicate/#comments Wed, 11 Jan 2006 06:53:41 +0000 A News http://vat-experts.info/833/firs-loses-n146m-vat-to-syndicate/ FIRS loses N146m VAT to syndicate A syndicate has duped the Federal Inland Revenue Service (FIRS) of over N146 million by forging documents to divert cheques for Value Added Tax (VAT). Two of the suspects, who are former employees of the FIRS, Ibrahim Abdullasis and Rotimi Adedibu, are in police custody ... http://vat-experts.info/833/firs-loses-n146m-vat-to-syndicate/feed/