VAT Articles

Karniti Part-22: Now CST Forms in PDF format from 1st Feb.

Posted by CA Umesh Sharma 05 February 2014 17354 Views

TAXMANTRA PART 22Now CST Forms in PDF format from 1st Feb. 2014 in Maharashtra State.Arjuna (Fictional Character): Krishna, Now Maharashtra Sales Tax Department will give Central Sales Tax Forms like C, F, E Form online. Why a businessman needs to ta

Deemed Sales

Posted by Rishi Kochar 16 January 2014 94792 Views

Before the discussion on deemed sales we must be well known of the general facts of sale.Meaning of Sale There are various definitions of the term Sale is generally specified in different laws and different State VAT acts. Hence we nee

Delhi VAT Amnesty Scheme closing by 31st January, 2014

Posted by Bimal Jain 16 January 2014 19547 Views

Dear Professional Colleagues,Delhi VAT Amnesty Scheme closing by 31st January, 2014 Pursuant to the power conferred by Section 107 of the Delhi Value Added Tax Act, 2004 (the Actor DVAT), the Lt. Governor of National Capit

Form C under central Sales Tax Act 1956

Posted by CA Chandra Kishore Bajpai 30 December 2013 666560 Views

In my last article Sale/Purchase--Intra State Vs Inter-State I made an effort to understand the concept of Inter-State Sale/purchase under Central sales Tax Act, 1956 (CST). State Government cannot levy the tax on inter-State Transactio

Single point of taxation introduced in Punjab VAT

Posted by Amit Bajaj 26 December 2013 67227 Views

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

Karniti Part-15: MVAT Audit Some Beliefs and Misbeliefs

Posted by CA Umesh Sharma 17 December 2013 24706 Views

Arjuna (fictional character): Krishna, In Maharashtra State, under Maharashtra Value Added Tax Act, VAT audit in FORM 704 is mandatorily required to be carried out and e-filed before 15th January 2014 for the fin

Online filing of the second quarter return FORM DVAT 16

Posted by Devinder Jain 14 November 2013 55214 Views

Section 27 requires every dealer to furnish the return in the appropriate Form prescribed under the rules, containing the information and particulars required in

Taxation of Works Contracts under TN VAT act/ Rules - 3rd Revision

Posted by P.Jagadeeswaran 12 November 2013 96292 Views

Taxation of Works Contracts under TN VAT Vs Profit maximization in project execution. Meaning of Works Contract in TN VAT: Sec 2(43) defines as "Works Contract" includes any agreement for carrying out for cash, deferred payment or other valuable cons

Major Changes in E-sugam (Karnataka VAT)

Posted by Ganeshbabu K 31 October 2013 138581 Views

Following major changes have been effected by the government of Karnataka for E-Sugam videCircular No. ADCOM(I&C)/P.A./CR-31/2011-12 DT.09.10.2013.Please spend some time to read the gist of major changes(as there is no excuse available under any

New Return Forms under Delhi Value Added Tax Act, 2005

Posted by Devinder Jain 23 October 2013 30137 Views

REVISED RETURN FORM DVAT 16 The perusal of Revised DVAT 16 shows that now the dealer in row R3 is required to furnish the Tax contribution of the 5 top items dealt with in order of volume of sales for the tax period or till the aggre