ALL INDIA VAT READY RECKONER with Entry Tax, Professional Tax & CST 2012-13
with Free Cd containing forms & schedules of all states of India
Author :Alok Kr. Agarwal (FCA), Deepak Kr. Dass( Advocate
Edition:- 25th May 2012
Price : Rs. 995/-
Our Price : Rs. 796/- only
Indirect taxes are levied at the level of both the Centre as well as the states. While the Central Government is empowered to levy Central Excise, Custom Duty, Service Tax and Central Sales Tax, the state governments are empowered to levy tax on the sale and purchase of goods, on entertainment, on the entry of goods, and on professions, among other things.
VAT is a state level tax. Since it is different in all states, so are its rates and definitions. The only similarity with regard to the imposition of VAT in the states is that, all the state laws on VAT have been structured on the basis of the recommendations of the Empowered Committee on VAT. The laws and rules relating to VAT have been evolving over a period of time in keeping with the changing business needs of the Government. Simultaneously, our client profile too has been expanding to cover various geographical locations across the country, thereby making it imperative to disseminate relevant information concerning all the states among all VAT practitioners in the shortest possible time.
Various books have been written on the issue of VAT. But, most of them cover VAT levies state-wise and are basically oriented towards helping students pass examinations on the subject. So it was a long felt need for a comprehensive book covering various aspects of VAT, for catering to the specific needs of VAT practitioners offering consultations to their clients on the indirect tax levies in different states or for augmenting the knowledge of businessmen on the subject, especially those running small and medium level businesses, who have little time to read and assimilate complicated books on tax matters.
This book, thus attempts to address these problems by offering readers a broad picture of VAT as applicable in various states, and virtually acts like a summary of VAT laws of all the states in the country. In addition, it provides a simplified state-wise view of these laws for anyone wishing to be acquainted with their complex nature. To meet this end, all the changes made in Acts related to VAT through the issuance of notifications and circulars have been incorporated in the book, which also functions as a reckoner on Professional Tax and Entry Tax for all the states in India.
Apart form the facts and figures given for all the states, we provide the readers a CD with the book in which we have soft copy of all the related forms and Schedules , statewise, which will be useful for dealers as well as other practising CA’s for their day to day work.