VAT Articles

Haryana VAT for Developers - A Sea of Uncertain Territories & Way Forward

Posted by CA Ankit Gulgulia (Jain) 03 September 2014 5892 Views

Continuing from my earlier writings on the subject matter of Haryana Vat for developers and builders, it is quite noteworthy that the recently implemented notification of 1% composition scheme as prescribed under new inserted Rule 49A of Haryana Rule

Whether MVAT TDS is transferable ?

Posted by Gopal Navandar 29 August 2014 15513 Views

Whether MVAT TDS credit can be transferred in favour of Sub contractor?-Guiding sections are sec. 31(4) and Sec.45(4) of MVAT ACT., rule 50, Form 406, 407,408,409.- Unlike Income tax, TDS under MVAT is single point, hence intention of legislature is

Why is Maharashtra States Businessmen's mood off? It's due to issues of MVAT setoff

Posted by CA Umesh Sharma 26 August 2014 15928 Views

Karniti Part 51:Why is Maharashtra States Businessmen's mood OFF? It's due to issues of MVAT SETOFF. Arjuna (Fictional Character): Krishna, businessman

For MVAT followers No "Raksha" Only "Bandhan"

Posted by CA Umesh Sharma 11 August 2014 11081 Views

Karniti part 49For MVAT followers No Raksha Only Bandhan Arjuna (Fictional Character): Krishna, yesterday festival of Raksha Bandhan was celebrated. On this occasion Maharashtra Sales Tax Department has issued a Trade Circ

Be Alert! Border Check Post by Sales Tax Department of Maharashtra is here

Posted by CA Umesh Sharma 22 July 2014 10715 Views

Karniti Part 46Be Alert! Border Check Post by Sales Tax Department of Maharashtra is here Arjuna (Fictional Character): Krishna, In Maharashtra 32 New Check Post have been constructed, it means that on Maharashtra border every Inward a

A Welcome step by CCT to resolve the ITC Problem under Raj Vat

Posted by PAWAN KUMAR KEDIA 07 July 2014 25208 Views

Recently CCT Rajasthan has issued a Circular No. F.26(197)ACCT/MEA/2013 dt. 09.06.14 to resolve problems of ITC mismatch under Rajasthan VAT Act 2003. First of all I appreciate the CCT tha

Stay of Demand Certain issues under RVAT Act 2003

Posted by PAWAN KUMAR KEDIA 07 July 2014 7869 Views

Brief: Whenever the assessing authorities creates a huge demand against any dealer, the dealer if aggrieved from the order of the assessing authorities prefer an appeal before the Dy. Commissioner Appe

Impact of Credit Notes on Tax Credit of Purchaser

Posted by Rakesh Garg 27 June 2014 25394 Views

Receipt of Credit Notes from the Seller Impact on Tax Credit of the Purchaser under the Delhi VAT Act[by Rakesh Garg, Author & Consultant]A. IntroductionDelhi, being the trading centre, issuance of credit notes in respect of discou

Complicacies in VAT on Works Contract

Posted by PAWAN KUMAR KEDIA 27 June 2014 31662 Views

VAT on Works Contract in Rajasthan and Complicacies in tax computation. IntroductionWorks contract is a contract for carrying out some work for a lump sum consideration. The transfer of property in the goods involved in the execution of the works c

Denial to grant Input tax credit on Flimsy Grounds

Posted by Jaswinder Singh Bedi 23 June 2014 8210 Views

Denial to grant Input tax credit on Flimsy Grounds by the VAT Authorities without following the settled law laid down by Honble Supreme Court of India and by the High Courts Every Registered Dealer is the agent of Department of Excise & Ta