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MVAT rates increased to 6%


FINANCE DEPARTMENT Madam Cama Marg Hutatma Rajguru Chowk Mantralaya Mumbai 400 032 dated the 16th September 2016 NOTIFICATION MAHARASHTRA VALUE ADDED TAX ACT 2002 No VAT 1516 CR 123 Taxation 1 In exercise of the powers conferred by sub section 1 of section 9 of the Maharashtra Value Added Tax Act 20

CBDT signs 20 Unilateral Advance Pricing Agreements with Indian taxpayers


The Central Board of Direct Taxes CBDT entered into twenty 20 Unilateral Advance Pricing Agreements APAs yesterday and today i e 29th August 2016 and 30th August 2016 with Indian taxpayers Many of these agreements also have a Rollback provision in them The APA Scheme was introduced in the Income tax

Results of CA IPCC May 2016 exam declared


The Institute of Chartered Accountants of India ICAI established under the Chartered Accountants Act 1949 to regulate the profession of Chartered Accountancy It is one of the largest and prominent accounting body worldwide Chartered Accountancy profession has become a challenging career at the cutti

Extension of the last date for filing of DVAT returns for 1st quarter


GOVERNMENT OF NATIONAL CAPITAL TERRITORY OF DELHI DEPARTMENT OF TRADE AND TAXES pOLICY BRANCH VYAPAR BHAWAN I P ESTATE NEW DELHI 110 002 No F 7 420 VAT Policy 2011 PF 518 24 Dated 28 7 16 CIRCULAR NO 11 of 2016 17 Sub Filing of online return for first quarter of 2016 17 Extension of period thereof I

Time Schedule revised for making tax payments under IDS Scheme


Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi 14th July 2016 Sub The Income Declaration Scheme 2016 Relaxation of time schedule for making payments under the Scheme During the course of meetings and seminars held in different parts of the count

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Experts Opinions

Wrongly availed cenvat credit of input services


wrongly availed cenvat credit of input services but not utilized of input credit services whether in audit service tax department deduct wrongly availment of cenvat credit whether i have to pay interest and reversal of cenvat credit also please reply this answer

Wrongly availed cenvat credit of input services


wrongly availed cenvat credit of input services but not utilized of input credit services whether in audit service tax department deduct wrongly availment of cenvat credit whether i have to pay interest and reversal of cenvat credit also please reply this answer

How to calculated mpbf


Dear Experts Kindly share with me MPBF calculation file with an example Your quick response is highly appreciated by us Thanks Rajan Verma

Regarding interest paid in cash payment


Sir Pl any one suggest me My client had taken a vehicle loan from Vipra Society he has paid interest above 20000 in cash payment and repayment of principal made in cash of Rs 135000 during the year I have debited Interest to Profit and loss account interest is liable for TDS my question Any one expe

Loss not disclosed in itr: can penalty be levied ?


i have not disclosed loss in ITR can penalty be levied as per section 271 1 c penalty is levied on 100 to 300 of tax concealed in my case as it is a loss the question of tax concealment does not arise and hence penalty should not be invoked experts kindly express your views

Discussion

Last date of mvat return 2016

What is the last date of filling of MVAT Returns for APR 16 and further months as new forms are being delayed by department

Related party under 40a(2)(b)

X is Limited Liability Partnership It has substantial Interest more than 20 shareholding in Y Ltd as well as Z Ltd So Can we say that Y Ltd and Z ltd are related party under 40a 2 b If yes as per which clause of Section 40a 2 b

Cenvat credits of ssi unit.

A newly incorporated company is setting up a plant which will become operational in Jan2017 The company doesnt want to take excise registration and wants to operate under E N 8 2003 SSI Whether credit of CVD and Special CVD will be allowed if the assessee doesnt take excise registration and wants to

Frequency of vat return under mahavat for newly dealers

Hello My query is that what will be the vat returns frequency of newly registered dealers in mahavat All the dealers who are registered under the new SAP system in financial year 15 16can not retrieve the details of frequency of vat returns from KNOW YOUR TIN Thus i want to know the frequency of vat

Site gift related

WHETHER A SITE GIFT FROM WIFES FATHER Rs 1967000 value of document is exempt or not

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Private placement under companies act, 2013


When a company issues shares to a select group of investors instead of inviting public at large it is called private placement of shares It falls neither in the category of a public issue nor a rights issue It is a faster way of raising capital as a company has to comply with fewer requirements A Pr


No change in MVAT rates of commodities


THERE IS NO CHANGE IN THE BELOW MENTIONED COMMODITIES 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 4 A Cotton yarn but not including cotton yarn waste 8 Aviation Turbine Fuel sold to a Turbo prop aircraft 20 Cereals pulses with


Cenvat credit on rent a cab


Denying of CENVAT credit on service of rent a cab is favourite to revenue officers For the period upto 01 04 2011 courts tribunals allowed the credit however with advent of specific exclusion in the definition of Input service so as to disallow the credit on rent a cab services most of the assessees


Payment Bank - A New Feather in Indian Banking System


As per Section 5 b of the Banking Regulation Act 1949 Banking means the accepting for the purpose of lending or investment of deposits of money from the public repayable on demand or otherwise and withdrawal by cheque draft order or otherwise Scheduled Commercial Banks in India are categorised into


'Vignaharta', Please take away 'Vighna's" of MVAT Returns


Arjun Fictional character Krishna now the most awaited festival of Ganesha Utsav filled with fun and excitement is arriving so all are busy in its preparations In the same way Maharashtra Sales Tax Department has opened the gateway of the awaited filing of the VAT returns In relation to this all the


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Updated on : 9/25/2016 10:02:35 AM


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