karnataka vat rates


ICSI Launches Academic Helpline for CS Students

The Institute of Company Secretaries of India ICSI is taking various initiatives for the continued growth of CS Profession and its increased recognition awareness and trust amongst the Corporates Regulators and Government In its pursuit of professional excellence The ICSI has always provided the bes

GST a clear departure from the scheme of distribution of fiscal powers

Introduction of GST Tax on sale or purchase of goods within a State as per Entry List II of Seventh Schedule of the Constitution is a State subject and accordingly VAT was been introduced by the concerned States in place of turnover taxes The introduction of VAT ensured that credit of taxes paid on

CBDT issues PAN and TAN within 1 day to improve Ease of Doing Business

In order to improve the Ease of Doing Business for newly incorporated corporates CBDT has tied up with Ministry of Corporate Affairs MCA to issue Permanent Account Number PAN and Tax Deduction Account Number TAN in 1 day Applicant companies submit a common application form SPICe INC 32 on MCA portal

Income tax Department considers issues reported by ICAI positively

1 Reactivation of the link Know your PAN TAN A O at the website of Income tax department Some recent changes were reported by the members at the E filing website of the Income tax department due to which the link Know your PAN TAN A O was not directly accessible Accordingly the Direct Taxes Committe

Govt announces revised rates of interest on Small Savings leaves PPF untouched

The Union Government has announced revised rates of interest on Small Savings Schemes for the First Quarter of 2017 18 to bring them somewhat closer to market rates Small Savings schemes will continue to be attractive as some of them enjoy income tax benefits and additional interest rate spreads Rev

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Purchase bill is required when vat 11 filed with e.c.

Sir My Client doing business of civil contract with PWD rajasthan He take tander of road repaire from pwd and take exemption certificate from VAT Department We File VAT 11 ANNUAL RETURN WITH exemption Certificate Is we required to purchase mateial from registered dealer OR maintain purchase bill

Karnataka vat payment excess made

If any person pays excess VAT payment in a particular month and how to claim credit of it in the next return How to do it

Kerala Vat

Is mistakes in monthly returns can be resolved in Annual return

Challan not showing on the dvat site & not generated

Hi experts Today i have made CST Payment For the Month Of March 2016 But after confirming the Payment From Net banking it showed an error I checked the Bank account amount has been deducted but after login Dvat site challan not generated What is The Problem Plz guide me ASAP

Cenvat on Air travel services

Hi Suppose Im an air travel agent and opting composition scheme will I get cenvat of input ST also can I opt for no composition scheme charge ST at normal rates please confirm what will be status of availing st input in this case kindly also quote relevant section rule if possible thanks


Cenvat credit in work contract on gst

Under Gst law the services provided for work contract service is not eligible for cenvat credit under gst act please clarify whether the sub contractor who is doing work contract service is also not eligible for cenvat credit and this will result to double taxation whether there is any recomendation

New vat regn. as a regular dealer

I am trying to upload New VAT Registration application as a Regular Dealers under Importer Category At last the system shows that the PAN is registered with NSDL and hence I am unable to upload the Application and pay the requisite Registration Fees Can you please guide me how to proceed further Reg

Dvat registration

Dear Sir I have done dvat registration of one of my client After submitting all dvat forms I have got msg that ur tin no is this and one time password is this But when i am trying to login using that tin no and password it is showing that password is incorrect What should i do now Please reply on ur


SiR what is the penalty of late filing of vat return of fy 16 17

Dvat aprroval


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Normal Sale/Purchase transactions - Embedded Derivatives as per Ind-AS IFRS

In continuation of previous articles on Double double test Caps Floor Call Put Prepayments Foreign Currency Bonds Credit derivatives leases related options Embedded Derivatives as per Ind AS IFRS Normal sale and purchase transactions i e non financial instruments which are being done based on delive

Major differences in laws of VAT and GST

Arjuna Fictional Character Krishna Honorable President of India has given ascent to the GST and so it seems that GST will come into force from 1st July 2017 and the landmark is set for further steps Presently VAT is applicable to all the business dealers and now GST will be levied so please explain

Migration of new registration of VAT to GST

Confusion regarding whether we should register in existing DVAT Act or wait for the GST Registration is fundamental to the administration of any tax The taxpayer enrols himself by following the prescribed procedure and thereafter a unique identification code is granted to such taxpayer which is to b

GST Simplified - Levy, Supply & Rates

We are back with next GST Simplified Series If you have missed any of our previous write ups you can discover them here GST Simplified Series 2 explains aspects of Levy Rates Supply under GST Update CGST IGST UTGST Bills have been passed in Lok Sabha on 29 03 2017 Any reference of sections and provi

Cenvat credit on deposits insurance - Banks v/s Departments

Introduction Banks are registered under service tax in the category of Banking and Financial Services They collect and pay service tax on its various incomes such as commissions bank charges documentation charges processing fees etc levied on its customers However one of the major revenue earned by

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Updated on : 4/25/2017 1:33:37 PM

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