Browse Articles VAT Articles

23 September 2017 at 13:33

How to do VAT impact Assessment - UAE VAT

  POSTED BY Ashish Chaudhary

UAE is going to implement VAT w.e.f. 1st January 2018. The country has never witnessed any tax regulations in the past and therefore introduction of VAT is going to significantly change the way business is done.

  2 comments |   436 Views

19 January 2017 at 11:26

Fly the Patang of VAT Audit before 9th February 2017

  POSTED BY CA Umesh Sharma

Arjuna (Fictional Character): Krishna, Sankrant festival brings the atmosphere of enthusiasm. Everyone is involved in flying kites and all ladies are busy in th

  0 comments |   660 Views

10 January 2017 at 10:43

Ease given to filing old Mvat returns

  POSTED BY CA Umesh Sharma

Arjuna (Fictional Character): Krishna, the festival of Makar Sankranti has arrived. Small children are in rush and excited to fly kites. Even government is tryi

  0 comments |   1522 Views

26 December 2016 at 11:05

Odisha VAT Provisions - A study for construction and real estate sector


In this article we will discuss the provisions of Odisha VAT act applicable to works contract including real estate sector.

  1 comments |   1236 Views

21 October 2016 at 12:51

Maintenance of Books of Accounts and their Worship on the eve of Diwali

  POSTED BY CA Umesh Sharma

Arjuna(Fictional Character): Krishna, the festival of Diwali has arrived. Housewives (Gruhlaxmi) are busy in cleaning and decorating homes. Businessmen are al

  3 comments |   1813 Views

19 September 2016 at 11:04

No change in MVAT rates of commodities

  POSTED BY Rinav Khakhar

(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.)

  0 comments |   834 Views

07 July 2016 at 11:05

Understanding the Model Law- Part-1 (Conceptual Issues to Succeed)

  POSTED BY Madhukar N Hiregange

The GST model law as it stands is a disaster- totally loaded against the honest tax payer- too cumbersome for the SMEs. Needs a major surgery.

  0 comments |   2897 Views

15 June 2016 at 10:55

Professional Tax Enrolment Amnesty Scheme 2016 - Salient Features

  POSTED BY ayaz

The Government observed that many persons /firms / companies / societies/ institutions etc. have not obtained enrolment certificate and are not paying profession tax. The Act prov

  12 comments |   8794 Views

19 May 2016 at 10:49

KVAT: Settling the dust on the Input Tax issue

  POSTED BY Rishabh

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 manufact

  0 comments |   3135 Views

10 May 2016 at 11:01

New MVAT Dealers be in Discipline from First Year

  POSTED BY CA Umesh Sharma

Arjun (Fictional character): Krishna, Sales Tax Department has started new SAP system and has also been introducing various other changes. And now from 1st May 2016 onwards, changes are made in VAT reg

  0 comments |   2570 Views

06 May 2016 at 10:58

Goods imported / purchased inter-State used in Works contract, would be exempt from VAT 

  POSTED BY Bimal Jain

Dear Professional Colleague,Goods imported/ purchased inter-State used in Works contract, would be exempt from VAT We are sharing with you an important judgement of the Hon´┐Żble Supreme Court of India in the case of Commissioner of Delhi Value A

  1 comments |   3229 Views

04 May 2016 at 10:49

Small MVAT changes but a big effect on small dealers

  POSTED BY CA Umesh Sharma

Arjun (Fictional character): Krishna, this year from April 2016 onwards the Maharashtra Sales Tax Departments has brought various small amendments in the VAT system. Because of these changes the small dealers covered under the composition scheme have

  1 comments |   3301 Views

02 May 2016 at 10:33

New MVAT return system turning superfast as the IPL inning

  POSTED BY CA Umesh Sharma

Arjun (Fictional character): Krishna, From April 2016, Maharashtra Sales Tax Department has introduced new SAP system and brought various changes in VAT returns. Now bill wise details will have to be given for sales and purchase and many more changes

  6 comments |   2553 Views

25 April 2016 at 11:00

VAT on Restaurant Bill

  POSTED BY Pankaj Gandhi Jaiswal

It is well known and settled fact that restaurant bill includes both component Goods and Service. And since service component is there central government is levying service tax on discounted rate means on 40% value of entire bi

  6 comments |   9833 Views

21 April 2016 at 11:05

VAT 15 - Rule 21 of RVAT Act 2003


RULE 21 OF THE RAJASTHAN VALUE ADDED TAX RULES ,2006DECLARATION FORMSIn this article we will discuss the declaration forms that are available under RVAT Act other than VAT 47 and VAT 49, as these declaration forms has already been discussed in detail

  0 comments |   2826 Views

18 April 2016 at 16:47

Maharashtra Settlement of Arrears in Dispute Act 2016 a new law

  POSTED BY CA Umesh Sharma

Arjun (Fictional character): Krishna, this year Central Government has introduced various new provisions in the budget to settle tax related old disputes. Following that, the state government also has brought up law to settle the disputes between tax

  0 comments |   2114 Views

13 April 2016 at 10:39

Road permits under RVAT Act 2003


REQUIREMENT OF VAT 47Provisions related to the documents including the road permits to be carried with the goods in movement from outside the state or to outside the state are provided under Sec 76 to Sec 79 of RVAT Act 2003. Going through these sec

  0 comments |   2334 Views

09 April 2016 at 12:36

New Forms in MVAT

  POSTED BY Chinmay Gangwal

Now, Maharashtra Government take initiative regarding hassle frees from the E-Filing return process for ease of doing Business. For that purpose, New templates of annexures and returns in Form 231, Form 232, Form 233, Form 234, Form

  3 comments |   6717 Views

31 March 2016 at 10:59

Delhi Budget 2016 Highlights: Focus on education, infrastructure; watches, shoes become cheaper

  POSTED BY Bimal Jain

"We had promised lowest VAT rates in the country, that process has been started today,"

  0 comments |   1276 Views

26 March 2016 at 12:11

Validity of form 9 & rule 4 of Central Sales Tax (Delhi) Rules, 2005

  POSTED BY Devinder Jain

Rule 4 of Central Sales Tax (Delhi ) Rules, 2005 reads as hereunder:Reconciliation Return (1) In addition to the returns required under rule 3, every dealer shall also furnish t

  0 comments |   1792 Views

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