VAT Articles

Single point of taxation introduced in Punjab VAT

Posted by Amit Bajaj 26 December 2013 67189 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 24680 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 55188 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 96267 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 138538 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 30131 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

Delhi VAT Amnesty Scheme-Highlights

Posted by Rakesh Garg 27 September 2013 29594 Views

DELHI TAX COMPLIANCE ACHIEVEMENT SCHEME, 2013 (DCS) HIGHLIGHTS (by Rakesh Garg, Author & Consultant) Abbreviations used: (i) DSC (or) Scheme : Delhi Tax Compliance Achievement Scheme, 2013 (ii) DVAT Act : Delhi

Materials purchased from unregistered dealers for works contract

Posted by RENGARAJ R.K 20 September 2013 16288 Views

Materials purchased from unregistered dealers for works contract is liable to tax u/s 4(4) of the APVAT Act, 2005. Introduction: The Andhra Pradesh Sales Tax & VAT Appellate Tribunal, Hyderabad held recently that materials purchased from unregis

Authority for advance ruling under State VAT Act cannot give clarifications under CST Act

Posted by Amit Bajaj 03 July 2013 13634 Views

Andhra Pradesh High court in Prathista Industries Limited vs Commercial tax Officer [2013] 61 VST 58 (AP) has held that Authority for advance ruling under State VAT Act cannot act as Authority for Advance Ruling under Central sales Tax Act, 1956.

Assessment & Refund under MVAT Act

Posted by Krunal.J.Davda 20 June 2013 320030 Views

Assessment & refund Under MVAT Act, 2002 Introduction: From the time MVAT Act has come in force hardly any Assessment Orders were passed, only Refund Orders were generally passed in case of Refund cases,