SME Times is powered by   
Search News
Just in:   • Adani Group to invest Rs 57,575 crore in Odisha  • 'Dollar Distancing' finally happening? Time for India to pitch Rupee as credible alternative: SBI Ecowrap  • 49% Indian startups now from tier 2, 3 cities: Jitendra Singh  • 'India ranks 3rd in global startup ecosystem & number of unicorns'  • LinkedIn lays off entire global events marketing team: Report 
Last updated: 26 Feb, 2015  

TeaGarden.THMB.jpg Bengal tea workers seek tax revision; Tea Board remains firm

Tea-Board-of-India.jpg
   Top Stories
» 49% Indian startups now from tier 2, 3 cities: Jitendra Singh
» 'India ranks 3rd in global startup ecosystem & number of unicorns'
» Tripura exported over 9K tonnes of pineapples in 2 years
» CPI inflation eases to 6.71% in July, IIP falls to 12.3%
» Rupee depreciates 12 paise to close at 79.64 against US dollar
SME Times News Bureau | 26 Feb, 2015
Tea companies and workers' unions Wednesday called for revising the tax structures in the sector, even as the Tea Board of India ruled out any modifications in central taxes saying the present system was optimal for the industry.

West Bengal Joint Forum of Trade Unions of Tea Industry said the current tax system in the tea industry is burdening the sector, which is affecting the tea workers as well as plantation owners.

"The government levies agricultural income tax besides corporate tax which is overlapping," Ziaul Alam, a leader of the trade union consortium, told reporters.

"It is an industry which is taxed right from the beginning of soil preparation to cultivation and finally to the end-product. It needs to be reformed."

"The entire tax structure needs to be reformed and simplified," he said, adding that the central and state governments should invest the taxed money to raise standards in the industry.

"We want the government to invest in tea the same amount it taxes," he said.

Alam said the government earns at least Rs.5,000 crore from tea export taxes alone.

Tea producer Andrew Yule and Company also said that taxes need to be revised.

Asked over his opinion on the current tax structure, Kallol Datta, managing director and chairman of the company said: "Yes, the tax structure in tea industry needs to be revised and looked into."

The Tea Board of India, however, said the central government only charges 50 paisa cess or excise duty on every kilogramme of tea which does not need any revision.

"The centre only charges the excise duty (domestically) while all other taxes including agricultural income tax, sales tax, salami on land and others are charged by the state government under the present tax structure, central taxes don't need any revision," S. Soundararajan, director of tea development at Tea Board of India, told agency.
 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 13 Aug, 2022
  Daily Poll
COVID-19 has directly affected your business
 Yes
 No
 Can't say
  Commented Stories
» GIC Re's revenue from obligatory cession threatened(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter