VAT Articles
Holi and Maharashtra State Budget, Cheerful Farmers and Stressful Taxpayers?
Arjuna (Fictional Character): Krishna, Honorable Finance Minister of Maharashtra, Mr. Sudhir Mangutwar has announced the State Budget for Maharashtra State on the of 18th Marc
Validity of form 9 & rule 4 of Central Sales Tax (Delhi) Rules, 2005
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
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
Professional Tax Enrolment Amnesty Scheme 2016 - Salient Features
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
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 manufact
New MVAT Dealers be in Discipline from First Year
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
Goods imported / purchased inter-State used in Works contract, would be exempt from VAT
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�ble Supreme Court of India in the case of Commissioner of Delhi Value A
Small MVAT changes but a big effect on small dealers
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
New MVAT return system turning superfast as the IPL inning
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
VAT on Restaurant Bill
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
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