Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Articles by Amit Bajaj

avatarView Full Profile

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

Continue Reading »
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

Continue Reading »
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%

Continue Reading »
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.

Continue Reading »
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

Continue Reading »
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

Continue Reading »
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

Continue Reading »
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

Continue Reading »
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

Continue Reading »
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

Continue Reading »
Posted in Others |   14661 Views