VAT Articles

Input Credit on Capital Goods under Delhi VAT

Posted by Kaushik Vinod 05 January 2015 14064 Views

INPUT CREDIT ON CAPITAL GOODS UNDER DELHI VALUE ADDED TAX Tax Credit on Capital goods shall be available in the manner described under Section 9(9) of the DVAT Act, 2004 (hereinafter called the ACT)Definition of Capital Goods:Cap

SC on Battery charger as an accessory - An analysis

Posted by Anandaday Misshra, Advocate 02 January 2015 5125 Views

Recently Honourable Supreme Court had dealt with VAT Appeal Nos 54 &55 (O&M) of 2010 passed by the High Court of Punjab and Hariyana . While disposing Civil Appeal Nos 11486-11487 of 2014 of State of Punjab & Ors Versus Nokia India Pvt. L

Power to dismiss appeal for default

Posted by sivadas chettoor 29 December 2014 9909 Views

1. INTRODUCTION: This article deals with the power of the Appellate Tribunal constituted u/s 4 of the Kerala Value Added Tax Act 2003 ( for short the Act) to dismiss an appeal for default without deciding

Issues in Issue of Form F under CST law

Posted by Mahadev 22 December 2014 10150 Views

Issues in Form "F" in CST When a dealer is transferring goods to another state not as a result of sale but as stock transfer to any other place of his business ( branch, godown, warehouse etc.), then such transfer would not be liable for CST as per C

Supreme Court: Mobile charger is not a part of cell phone

Posted by Sumit Grover 18 December 2014 27484 Views

Honble Supreme Court has delivered a landmark verdict in the matter of STATE OF PUNJAB & ORS. v. NOKIA INDIA PVT. LTD. & pronounced that the mobile/cell phone charger is an accessory to cell phone and is not a part of the cell phone. B

Work Contractor and Rajasthan VAT

Posted by CA Ram Bajaj 17 December 2014 14662 Views

Method of Calculating the Tax liability of VAT in Work Contract:- 1. Exemption Fee Method/Composition Method2. VAT Method 1 (Actual labour deduction)3. VAT Method 2 (Standard Labour Deduction) Exemption Fee Method /Composition Method

Effect of VAT and Service Tax on Restaurant Bills

Posted by CA. Ramya C 06 December 2014 52489 Views

Effect of VAT and Service Tax on Restaurant BillsThe Indian restaurant industry is worth Rs.75, 000 Crores and is growing at an annual rate of 7%. The industry is highly fragmented with 1.5 million eating outlets.We are so pleased with the food in su

Applicability of CST/ K-VAT on E-Commerce Transactions

Posted by CA Roopa Nayak 14 November 2014 36455 Views

Introduction The business model of e-com firms is they provide a platform for enabling sellers of goods to be able to sell without bou

Amendment in assessment under Punjab VAT Act, 2005

Posted by Amit Bajaj 10 November 2014 13289 Views

Now a days It is seen that the Excise and Taxation Department, Punjab has started issuing notices for amendment in assessment in many cases. These notices are being issued ussualy on the basis of audit objections received from State CAG or sometimes

Issues in issue of Form C under CST Act 1956

Posted by Mahadev 14 October 2014 28236 Views

Issues in issue of Form C in CST Mahadev.RFollowing are the goods specified u/s 8(3) of CST Act 1956 in respect of which an interstate sale to a registered dealer is liable to tax at concessional rates i.e. 2% or state rate whichever is