Once the government becomes the supplier of people's needs, there is no limit to the needs that will be claimed as a basic right.
VAT
Partners Welcome Delhi High Court Ruling on VAT
Submitted by vinayras on Wed, 09/19/2007 - 05:49.By Komal Panchamatia
Mumbai, Sep 18, 2007
Channel associations and partners from across the country have welcomed the Delhi High Court order ruling 4% Value Added Tax (VAT) on select IT products saying a uniformed tax regime will boost the sales and increase the profit margins.
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Delhi HC Rules 4% VAT on Select IT Products
Submitted by vinayras on Fri, 09/07/2007 - 07:42.By Pearl Mistry and Vijay Vedala
Mumbai, Sep 6, 2007
Giving a breather to the channels, the Delhi High Court has ruled that the products debated under Value Added Tax (VAT) will be taxed at 4%, the national capital-based Computers and Media Dealers Association (CMDA) has claimed.
In an e-mail communique with ChannelTimes, the association said that the tax under Section 4(i)(b) of the DVAT Act for products like - ink toners and cartridges used for the inkjet and the laser jet printers will be 4% and not higher as contested by the Commissioner of Trade and Taxes.
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