Sign In / Register
Make This My Home Page | Feedback |RSS
You are here: IE »   Story

CMs urged not to charge higher VAT

  • Print
  • Mail This Article
  • Comments
  • Add to favorites
  • The Associated Chambers of Commerce and Industry of India (ASSOCHAM) has urged Chief Ministers of Tamil Nadu,Andhra Pradesh and Kerala not to charge higher VAT, including cess of 12.5 per cent and even beyond on processed fruits and vegetables and scale the slab down to a uniform four per cent, as recommended by Empowered Committee on VAT.

    In a representation to Chief Ministers of the respective states, ASSOCHAM Secretary General D S Rawat said these were among other few states which are yet to execute the Empowered Committee recommendations.

    These states continue to levy additional VAT and cess on such products by restricting the scope of the category description or by shifting the product category itself from four per cent level to 12.5 per cent level, Rawat said.

    ASSOCHAM said these states have disputed the classification of various value added fruit and vegetables like potato chips, and banana chips.

    Ads by Google

    Comments
    Post comment

    Be the first to comment.

    Post a Comment
    Name:
    Email:
    Title:
    Maximum characters allowed     
    Comment:
    TERMS OF USE:
    The views, opinions and comments posted are your, and are not endorsed by this website. You shall be solely responsible for the comment posted here. The website reserves the right to delete, reject, or otherwise remove any views, opinions and comments posted or part thereof. You shall ensure that the comment is not inflammatory, abusive, derogatory, defamatory &/or obscene, or contain pornographic matter and/or does not constitute hate mail, or violate privacy of any person (s) or breach confidentiality or otherwise is illegal, immoral or contrary to public policy. Nor should it contain anything infringing copyright &/or intellectual property rights of any person(s).
    I agree to the terms of use.