VAT Articles

Evolution of WCT

Posted by Kaushik Vinod 20 January 2015 14467 Views

EVOLUTION OF WORKS CONTRACT TAX (WCT) BACKGROUND:This article is basically written to give you understanding of evolution of works contract tax in India and its entire journey from beginning till date. Before I take you into the mid of ocean we have

MVAT Dealers, Have you checked the new "Dealer Information System"?

Posted by CA Umesh Sharma 20 January 2015 13628 Views

Karniti Part 72MVAT Dealers,Have you checked the new "Dealer Information System"?Arjuna (Fictional Character): Krishna, Sales Tax Department has introduced a new "Dealer Information System". What is it? And what should every dealer do about it? Kris

Is reversal of input tax credit maintainable when the selling dealer's RC is cancelled?

Posted by RENGARAJ R.K 17 January 2015 22244 Views

Introduction: When a dealer purchases his inputs from his vendor and claims the eligible Input Tax Credit (ITC), with a bonafide beli

Kite Fight of VAT Dealer and Department

Posted by CA Umesh Sharma 12 January 2015 10622 Views

Karniti Part 71Kite Fight of VAT Dealer and DepartmentArjuna (Fictional Character): Krishna, this Year "Makar Sankranti" is on 15th January and also the last date of submission of Maharashtra VAT Audit Report. There is Happiness everywhere because of

Works contractors are also eligible for advance VAT exemption - P&H High Court

Posted by Amit Bajaj 09 January 2015 15339 Views

The Punjab & Haryana High Court in CWP 19835 of 2014 Ayyappa Infra Projects Pvt Ltd vs State of Punjab has directed the State of Punjab to issue clarification to the effect that works contractors are also eligible for exemption from advance VAT

Eligibility of refund claim on sales made to 100% EOU

Posted by RENGARAJ R.K 07 January 2015 25656 Views

Whether Refund is eligible to a dealer who makes sales to 100% EOU treating it as Export sales?Introduction: In the recent judgment of Madras High Court in the case of Emerald Stone Export, Pudukottai Vs The Assistant Commissi

Input Credit on Capital Goods under Delhi VAT

Posted by Kaushik Vinod 05 January 2015 14043 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 5101 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 9870 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 10120 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