VAT Articles
Recent MVAT Amendments / Changes
The Schedules A,B,C,D appended to Maharashtra Value Added Tax Act, 2002 are amended with effect from 01-04-2013. Further , certain notifications are also amended. These amendments are briefly discussed below Amendments to Schedule A 1 Braille Watch
No disallowance of Input Tax Credit for merely not charging VAT separately in VAT invoice
Punjab VAT Tribunal in The 21st Century Builders and Engineers vs State of Punjab VSTI 2013 17 C-388 has held that input tax credit cannot be disallowed merely on the technical ground that VAT has not been charged separately in VAT invoice, when tax
Haryana VAT Circular - For Builders and Developers
Recently Haryana VAT department has released a circular which might be of interest to the developers & builders across the state and conducting operations in Haryana. The Circular is No. 152/ST-1 dated 7th May, 2013 wherein several aspects in re
No Forfeiture Proceedings under CST Act, 1956
STATEOF A.P Vs HINDUSTAN CABLES LTD [2013] 57 VST 284 (AP) Fats of the case: Assessee M/s. Hindustan Cables Limited, Cherlapally, was assessed to tax under Central Sales Tax Act, 1956. The Assessing A
Understanding sale and deemed sale
Hi Friends, This is my first article on CAClub. The main idea of this write up is to clear the concepts of "Sale", "Deemed Sale" & the main reason for introducing the concept of "Deemed Sale". I would like to requ
Some Ruminations on LBT
Some ruminations on LBT Agitation in Maharashtra Traders in cities from Maharashtra are rightfully agitating over proposed introduction of LBT because of their concerns about multiplicity of indirect taxes and related compliances Problems with exis
Delhi Budget - Major Tax Changes
Here is a breif summary of proposed changes in DVAT vide Delhi Budget 2013: 1. As a major relief to small traders, the threshold limit for Registration under VAT has been proposed to be raised from ` 10 lakh to ` 20 lakh. 2. A new compos
Profession Tax Maharashtra- Recent changes
CA Pawan Jajoo Amravati. M-9422917369 Points- Profession Tax E-Enrollment- 3rd proviso to Sec 3(2) is inserted from 01.05.2012. Which states that, a person who is liable to pay tax has remained un-enrolled; then, his liability to pay tax under
Crucial date of sale for issuing C forms
Many a times I have received a query from different parts of the country that what is the crucial date of sale to be taken while issuing of C forms under CST Act, 1956 i.e whether date of invoice or the date on which goods are received by the purcha
Right of Appeal
At present, most of the sales tax/value added tax enactments have a provision which requires an assessee to deposit the entire amount of tax or a portion of the disputed tax, as an admission fee before filing appeal. An assessee, th
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