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Indirect Taxes

Posted by  in December 16th 2005  

Here is some food for thought for people who are opposing the VAT regime. People might be amazed to know that India has the highest indirect tax rate as found in a recent survey by Ernst & Young. The cummulative effect of VAT (12.5 %) and Excise duty (16.32 % ) comes out to more [...]

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Exemption of SED on Cold Drinks

Posted by  in December 14th 2005  

In a bid to improve margins and operate profitably in a segment that is seasonal in nature, the soft drinks industry has asked for abolition of the Special Excise Duty (SED) of 8 per cent on aerated soft drinks in the forthcoming budget. Though the industry sources say that the argument is fairly simple but [...]

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