Arjuna (Fictional Character): Krishna, Sankrant festival brings the atmosphere of enthusiasm. Everyone is involved in flying kites and all ladies are busy in th
Arjuna (Fictional Character): Krishna, the festival of Makar Sankranti has arrived. Small children are in rush and excited to fly kites. Even government is tryi
In this article we will discuss the provisions of Odisha VAT act applicable to works contract including real estate sector.
Arjuna(Fictional Character): Krishna, the festival of Diwali has arrived. Housewives (Gruhlaxmi) are busy in cleaning and decorating homes. Businessmen are al
(EXCEPT the below commodities the MVAT Rate has changed from 5.5 % to 6% and from 12.5% to 13.5% w.e.f. 17th September 2016.)
The GST model law as it stands is a disaster- totally loaded against the honest tax payer- too cumbersome for the SMEs. Needs a major surgery.
The Government observed that many persons /firms / companies / societies/ institutions etc. have not obtained enrolment certificate and are not paying profession tax. The Act prov
The Value Added System of Taxation of Goods was introduced in order to address the issue of multiplicity of taxes and cascading effect of such taxes in the transaction chain. In the erstwhile single point taxation, goods which underwent any manufact
Arjun (Fictional character): Krishna, Sales Tax Department has started new SAP system and has also been introducing various other changes. And now from 1st May 2016 onwards, changes are made in VAT reg
Dear Professional Colleague,Goods imported/ purchased inter-State used in Works contract, would be exempt from VAT We are sharing with you an important judgement of the Hon�ble Supreme Court of India in the case of Commissioner of Delhi Value A
Arjun (Fictional character): Krishna, this year from April 2016 onwards the Maharashtra Sales Tax Departments has brought various small amendments in the VAT system. Because of these changes the small dealers covered under the composition scheme have
Arjun (Fictional character): Krishna, From April 2016, Maharashtra Sales Tax Department has introduced new SAP system and brought various changes in VAT returns. Now bill wise details will have to be given for sales and purchase and many more changes
It is well known and settled fact that restaurant bill includes both component Goods and Service. And since service component is there central government is levying service tax on discounted rate means on 40% value of entire bi
RULE 21 OF THE RAJASTHAN VALUE ADDED TAX RULES ,2006DECLARATION FORMSIn this article we will discuss the declaration forms that are available under RVAT Act other than VAT 47 and VAT 49, as these declaration forms has already been discussed in detail
Arjun (Fictional character): Krishna, this year Central Government has introduced various new provisions in the budget to settle tax related old disputes. Following that, the state government also has brought up law to settle the disputes between tax
REQUIREMENT OF VAT 47Provisions related to the documents including the road permits to be carried with the goods in movement from outside the state or to outside the state are provided under Sec 76 to Sec 79 of RVAT Act 2003. Going through these sec
Now, Maharashtra Government take initiative regarding hassle frees from the E-Filing return process for ease of doing Business. For that purpose, New templates of annexures and returns in Form 231, Form 232, Form 233, Form 234, Form
"We had promised lowest VAT rates in the country, that process has been started today,"
Rule 4 of Central Sales Tax (Delhi ) Rules, 2005 reads as hereunder:Reconciliation Return (1) In addition to the returns required under rule 3, every dealer shall also furnish t
Arjuna (Fictional Character): Krishna, Honorable Finance Minister of Maharashtra, Mr. Sudhir Mangutwar has announced the State Budget for Maharashtra State on the of 18th Marc
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