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penalty for late payment of vat

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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

New TDS/TCS RPU and FVU versions released


Due date for filingQuarterly TDS TCS statement for Q1 April to June of FY 2016 17 isJuly 31 2016for all the categories of Deductors Collectors Do submit quarterly TDS TCS statement on or before due date to avoid late filing fee under section 234E of Income Tax Act In order to locate the nearest TIN

Annual conference of CBDT and CBEC on 16th June


Prime Minister to inaugurate the two day Annual Conference of CBDT CBEC entitled Annual Conference of Tax Administrators 2016 on 16thJune 2016 in the national capital PM to motivate the revenue officers towards achieving high standards in taxpayer friendly service in view of fast paced changes in th

MCA constitutes National Company Law Tribunal


Ministry of Corporate Affairs issues notification for constitution of the National Company Law Tribunal NCLT and National Company Law Appellate Tribunal NCLAT Honble Justice S J Mukhopadhaya Judge Retd Supreme Court of India joins as the Chairperson of the NCLAT while Honble Justice M M Kumar Judge

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Experts Opinions

how many times we revised a return under MVAT


I want know that can we revised a return which is already revised earlier and how many times we revised a return under MVAT Act what is the time limit for revise a return

Tds return late filing fees


I WISH TO PAY TDS RETURN LATE FILING FEES U S234E WHICH TYPE OF PAYMENT CODE FILL IN CHALLAN 200 OR 400

Payment to government engineering collage.


Whether payment made to Government Engineering Collages on account of Drawing Designing and Testing charges for more than 20000 in a day by a company will be allowable for deduction as expenses

Related to form 16


In form 16 of my client Gross Salary 309167 Less Allowance exempt under section 10 0 Less Value of perquisite under section 17 2 0 Less Deduction under section 80c 30000 Respected Sir Above is picture of form 16 my question is that i claim deduction more than 30000 in 80c also claim conveyance allow

Vat collected by government department


I had engaged in the business of sale purchase of scrap recently I had purchased two scrap vehicles from PWD department of Maharashtra They have collected 12 50 VAT from me against the collection of VAT they are are providing Form 402 but on the form there is VAT TIN of the department Kindly give me

Discussion

Reversal of vat on stock transfer

If a single item value Rs 1 crore is transferred from one branch to another branch other state Component 1 Cr 70 Imported 20 VAT 10 CST For VAT reversal calculation purpose what should be branch transfer amount a 1 crore b 20 lakhs 20 of 1 crore

Service tax & vat

Dear sir service tax and vat are available in two wheeler Authorised service centre

Cenvat credit taken in the excise can be utilize in ser tax?

Whether CENVAT Credit taken on excise duty can be utilised in Service tax or vice versa for exapmle If I have Excise Regd but does not have Ser Tax Regd can I be able to take Cenvat Credit on Service Received or vise versa also if i have both excise service tax regd how can I show this credit system

Amalgamation of private companies

Hi All Can anyone provide me the detailed procedure for amalgation of two private limited companies

Query regarding treatment of profit/loss in derivative transaction

One of my client has earned profit of Rs 100000 in Fy 2015 16 He has another income of salary also What will be the tax treatment of profit earned in derivative

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IND AS 24: Related Party Disclosures


Objective of Disclosures The purpose is to provide users of the financial statements information about transaction outstanding balances including commitments and relationships with related parties that may affect their assessment of an entitys operations including assessment of the risk and opportun


Grey areas - Cenvat credit on Krishi Kalyan Cess (KKC)


In budget 2016 17 the Government has introduced a cess called as Krishi Kalyan Cess KKC which will be used for financing and promoting agricultural sector KKC will apply at the rate of 0 5 on value of taxable services rendered on or after 1 6 2016 Unlike Swachh Bharat Cess SBC the Government has mad


Payments Bank: Towards differentiated banking


Moving Towards Differentiated Banking Payments Bank Recently Mr Dilip Sanghvi MD of Sun Pharmaceuticals announced dropping his plan to start a Payments Bank which made to the headlines of most newspapers Payments bank is a new concept introduced by the RBI Mr Dilip Sanghvi has earlier partnered with


Cenvat Credit on Construction, Repairs & Works contract Services


Introduction Cenvat Credit is a beneficial scheme wherein the duty paid at earlier stage on inputs and input services is allowed to be set off against the liability on manufactured goods or output services provided As a result what is taxed is only the value addition made by the manufacturer or the


KVAT: Settling the dust on the Input Tax issue


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 manufacture or processing where subject to sales tax on the n


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Updated on : 7/31/2016 11:17:11 AM


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