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Articles by Amit Bajaj

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Single point of taxation introduced in Punjab VAT

  Amit Bajaj    26 December 2013 at 12:45

Punjab Government has surprisingly introduced single stage tax system under the Punjab VAT Act, 2005. Punjab Government has notified certain goods, most of which are consumable goods, on which tax under Punjab VAT Act has been levied only at the firs

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Posted in VAT  4 comments |   66609 Views


F form under CST Act can cover transactions of a period more than one month

  Amit Bajaj    24 September 2013 at 12:16

Calcutta High Court in Cipla Limited vs Deputy Commissioner, Commercial Tax reported as VSTI 2013 Vol. 17 B-509 has held that There is nothing in Rule 12(5) of CST (R&T) Rules which could be construed to vitiate a declaration form i.e "F&qu

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Posted in Others  3 comments |   10422 Views


Issuing C form is statutory obligation of buyer, can be enforced by a writ petition in the High Court

  Amit Bajaj    09 July 2013 at 13:38

Many a times I receive queries on a common problem faced by many dealers all over India that what to do when the interstate purchaser of goods refuses or doesnot issue the requisite C forms after purchasing the goods at concessional rate of CST @ 2%

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Posted in Others  7 comments |   12489 Views


Authority for advance ruling under State VAT Act cannot give clarifications under CST Act

  Amit Bajaj    03 July 2013 at 12:10

Andhra Pradesh High court in Prathista Industries Limited vs Commercial tax Officer [2013] 61 VST 58 (AP) has held that Authority for advance ruling under State VAT Act cannot act as Authority for Advance Ruling under Central sales Tax Act, 1956.

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Posted in VAT |   13362 Views


Service Tax on Builders explained!

  Amit Bajaj    18 June 2013 at 12:04

The revenue and the builders have always been at dispute when comes to leviability of service tax on the consideration received in advance by the builders/developers from the prospective buyers of immovable property to be constructed. After the ne

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Posted in Service Tax |   61122 Views


No disallowance of Input Tax Credit for merely not charging VAT separately in VAT invoice

  Amit Bajaj    10 June 2013 at 11:18

Punjab VAT Tribunal in The 21st Century Builders and Engineers vs State of Punjab VSTI 2013 17 C-388 has held that input tax credit cannot be disallowed merely on the technical ground that VAT has not been charged separately in VAT invoice, when tax

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Posted in VAT  2 comments |   25908 Views


Crucial date of sale for issuing C forms

  Amit Bajaj    26 November 2012 at 12:24

Many a times I have received a query from different parts of the country that what is the crucial date of sale to be taken while issuing of C forms under CST Act, 1956 i.e whether date of invoice or the date on which goods are received by the purcha

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Posted in VAT  13 comments |   17712 Views


Works contract service after negative list - Part I

  Amit Bajaj    16 October 2012 at 12:39

Service portion in the execution of a works contract has been declared as service u/s 66E after the introduction of negative list. That means works contract service per se is not a service but it is a service because it has been declared to be a se

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Posted in Others  7 comments |   74832 Views


Lower/Nil rate of tax deduction certificate for works

  Amit Bajaj    13 September 2012 at 12:22

It is ussualy seen that works contractors registered under Punjab VAT Act, 2005 have always refund to claim from the Excise & Taxation department due to the fact that their final tax liability is much lower/Nil than the tax deductions made u/s

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Posted in Others |   14109 Views


Fishing inquiries unconnected with reasons

  Amit Bajaj    01 August 2012 at 11:36

It is generally seen in the reassessment proceedings u/s 147 of Income Tax Act, 1961, the assessing officers tend to make inquiries and ask ques

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Posted in Others |   14661 Views