west bengal vat

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Carry Forward of unavailed Cenvat Credit for natural resources


Carry Forward of unavailed Cenvat Credit in respect of assignment of right to use any natural resource under GST Cenvat Credit Rules amended so as to provide that Cenvat credit in respect of such services which remains unavailed on the day immediately preceding the appointed day may be availed of in

Ministries to setup and activate a GST Facilitation Cell


Cabinet Secretary asks the different Ministries Departments and Public Sector Undertakings PSUs under these Ministries to set up and activate a GST Facilitation Cell to provide all possible support to the business and industry sector for the smooth roll out of GST with effect from 1st July 2017 The

Seven States yet to pass the SGST Act


24 States pass the State GST SGST Act While 7 States viz Meghalaya Punjab Tamil Nadu Kerala Karnataka Jammu Kashmir and West Bengal have yet to pass the SGST Act Twenty Four 24 States have passed the State GST SGST Act till today i e 5thJune 2017 while 7 States viz Meghalaya Punjab Tamil Nadu Kerala

Feedback invited of candidates on the question papers of CA exams


Observations of the candidates on the question papers of CA examinations May 2017 It is hereby informed that candidates can bring to the notice of the Examination Department their observations if any on the question papers relating to CA Examinations being held in May 2017 by e mail at examfeedback

Unique pin code allotted to CPC Bangalore for submission of ITR V


A unique PINCODE 560500 has been allotted to Centralized Processing Centre CPC Income Tax Department located in Bengaluru by the Department of Post Taxpayers can henceforth address their mails to Centralized Processing Center Income Tax Department Bengaluru 560500 for the purpose of submission of IT

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Experts Opinions

Search the case law- hvat


Dear All The Company name A Pvt Ltd received a summon related to the demand of the CST payable The Actual Case is related to the technical issue in the returns in which software automatically picked the CST purchase in place of Sales figure which is actually Nil i e there is no actual sales in that

Invoice raised in june and paymnet on august.vat or gst?


An invoice for purchase of machinery raised on June and the payment for the same will be on delivery on August Wether the buyer has to pay GST

Refund of vat


I have Rs 11 lacs of Vat refund standing in my book Should I apply for refund under VAT or claim it as ITC in gst

MVAT annual return


do i need to file annual e return annexure for mvat for FY 2016 17 I have filed all the quarterly returns

Rule 3(5) of cenvat credit rules


Transfer a machinery after being used from the premises of Service Provider attract reversal of CENVAT CREDIT under Rule 3 5 of CCR My question is 1 Can i pay the Tax by debiting my CENVAT Account 2 What type of document is created for said transfer so that recipient of said machinery can avail the

Discussion

Gst - luxury tax vs vat

Sir Can the tax paid on rent of hospital building and luxury tax on room rents be set off against tax payable on pharmacy sales

Professional tax of partnership firm in west bengal

I recently formed a partnership firm with my wife in the Financial Year 2016 17 in the state West Bengal but there was no turnover in that year moreover till date I have not one any activity in the partnership firm Kindly tell whether the Partnership firm is liable to pay the professional tax My ano

cenvat input during construction

hello what about the utilization of cenvat credit taken during construction period in gst can we set off input against outpuy liability

Managing director in more than 2 private limited companies

Can a person holding office as Managing Director in two private companies be appointed as MD in another private company

Vat returns for out of country purchase

Dear members I have purchased raw material from USA to make an item in our manufactring unit i have sold it and way bill rised and paid the tax to commercial tax department But i have not paid any vat for purchase as i used it as raw material Now its found that we have to file vat purchase return it

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  • GST: What to do by 30th June, 2017

    Millions of traders migrating to GST from current tax regime like excise service tax and VAT are currently undergoing stress The biggest concern is the old goods lying in the store and warehouse on which the input tax of the taxes paid is to be taken in the new tax regime Create a separate file of unsold stock till June 30 and keep the purchase bill bill of entry and excise paid documents ready If any of these stock is one year old then remove it and sell it to the tax invoice within the state even if you have to pay a little bit of discount Keep your stock in different categories The goods purchased in the locality will get input credit in SGST To get the credit of CGST make separate list of duty paid and non duty paid stock If there is any kind of mismatch in your Purchase report fix it before June 30 and revise VAT returns Also make sure that the statutory forms like C Form H form I Form have been collected
  • Miscellaneous Transitional Provisions - Detailed Analysis

    To watch related Video https youtu be rNEMGg7zEZs https youtu be ruPoM3ZcLY4 https youtu be y5iOt X4f5w https youtu be kbsRHPGqSEk Section 142 1 Goods Returned after Appointed Date Section 142 2 PRICE Revision Section 142 3 REFUND CLAIM Filed under Existing Law Section 142 4 REFUND CLAIM Filed under Existing Law for Export Section 142 5 Tax Paid before Appointed Date Services not provided Section 142 6 proceeding of appeal review or reference relating to a claim for CENVAT credit under Existing Law Section 142 7 proceeding of appeal review or reference relating to any output duty or tax liability initiated Section 142 8 assessment or adjudication proceedings instituted whether before on or after the appointed day under the existing law Section 142 9 return furnished under the existing law Section 142 10 Contract entered earlier Section 142 11 Tax leviable under Existing Law Section 142 12 Goods sent on Approval Basis in Previous law Section 142 13 TDS liability under Existing Law Detailed Analysis of Section 142
  • Transitional Provisions - Input on Stock lying with Job worker

    To watch related Video https youtu be ruPoM3ZcLY4 https youtu be y5iOt X4f5w https youtu be kbsRHPGqSEk GST Transitional Provisions Complete Analysis of Section 141 under Goods Service Tax GST What will happen to Input on Raw Material Stock lying with Job worker on appointed date What will happen to Input on Semi Finished Stock lying with Job worker on appointed date What will happen to Input on Finished Stock lying with Job worker on appointed date Procedure to carry forward Input on Stock lying with Job worker How to carry forward Input Cenvat Credit on Stock lying with Jobworker
  • Startup India Campaign

    Startup India Initiative is designed to foster innovation create jobs and facilitate investment Government is committed to make this initiative a scalable reality and to improve an environment for our startups to thrive in
  • CA Final SFM Forex & Derivatives Notes for Revision by Prof. Kunal Doshi, CFA

    CA Final SFM Forex Derivatives Notes for Revision by Prof Kunal Doshi CFA

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Articles

Snapshot on exemption notification for private companies


EXEMPTION NOTIFICATION FOR PRIVATE COMPANIES INTRODUCTION Previously Ministry of Corporate Affairs by notification number G S R 464 E dated 5th June 2015 has given several exemptions to Private Companies MCA via notification number G S R 583 E dated 13th June 2017 has added few more exemptions by am


Carry forward of Cenvat credit on goods held in stock on appointed day


How to carry forward Cenvat Input Vat Entry tax on goods held in stock on an appointed day by existing registered Assessee to GST in 10 points 1 A registered person other than a person opting to pay tax under composition scheme shall be entitled to take credit in his electronic credit ledger the amo


Transitional Provisions relating to Credit of unavailed Cenvat credit in capital goods


As per section 140 2 of the GST Act company shall be allowed to carry forward the unavailed CENVAT credit on capital goods not carried forward in return for the period immediately preceding the appointed date The credit on capital goods shall be allowed only when it is allowable under existing law a


Private Placement under Companies Act 2013


Definitions Private Placement means any offer of securities or invitation to subscribe securities equity or securities that convert to equity to a select group of persons by a company other than by way of public offer through issue of a private placement offer letter A Company both Private Public ma


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


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Updated on : 6/23/2017 6:49:13 PM


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