VAT Articles

Holi and Maharashtra State Budget, Cheerful Farmers and Stressful Taxpayers?

Posted by CA Umesh Sharma 24 June 2016 5203 Views

Arjuna (Fictional Character): Krishna, Honorable Finance Minister of Maharashtra, Mr. Sudhir Mangutwar has announced the State Budget for Maharashtra State on the of 18th Marc

Validity of form 9 & rule 4 of Central Sales Tax (Delhi) Rules, 2005

Posted by Devinder Jain 24 June 2016 7435 Views

Rule 4 of Central Sales Tax (Delhi ) Rules, 2005 reads as hereunder:Reconciliation Return (1) In addition to the returns required under rule 3, every dealer shall also furnish t

Road permits under RVAT Act 2003

Posted by MANSHI BAID 17 June 2016 7882 Views

REQUIREMENT OF VAT 47Provisions related to the documents including the road permits to be carried with the goods in movement from outside the state or to outside the state are provided under Sec 76 to Sec 79 of RVAT Act 2003. Going through these sec

Professional Tax Enrolment Amnesty Scheme 2016 - Salient Features

Posted by ayaz 15 June 2016 28928 Views

The Government observed that many persons /firms / companies / societies/ institutions etc. have not obtained enrolment certificate and are not paying profession tax. The Act prov

KVAT: Settling the dust on the Input Tax issue

Posted by Rishabh 19 May 2016 11821 Views

The Value Added System of Taxation of Goods was introduced in order to address the issue of multiplicity of taxes and cascading effect of such taxes in the transaction chain. In the erstwhile single point taxation, goods which underwent any manufact

New MVAT Dealers be in Discipline from First Year

Posted by CA Umesh Sharma 10 May 2016 8549 Views

Arjun (Fictional character): Krishna, Sales Tax Department has started new SAP system and has also been introducing various other changes. And now from 1st May 2016 onwards, changes are made in VAT reg

Goods imported / purchased inter-State used in Works contract, would be exempt from VAT

Posted by Bimal Jain 06 May 2016 10425 Views

Dear Professional Colleague,Goods imported/ purchased inter-State used in Works contract, would be exempt from VAT We are sharing with you an important judgement of the Hon�ble Supreme Court of India in the case of Commissioner of Delhi Value A

Small MVAT changes but a big effect on small dealers

Posted by CA Umesh Sharma 04 May 2016 11604 Views

Arjun (Fictional character): Krishna, this year from April 2016 onwards the Maharashtra Sales Tax Departments has brought various small amendments in the VAT system. Because of these changes the small dealers covered under the composition scheme have

New MVAT return system turning superfast as the IPL inning

Posted by CA Umesh Sharma 02 May 2016 8567 Views

Arjun (Fictional character): Krishna, From April 2016, Maharashtra Sales Tax Department has introduced new SAP system and brought various changes in VAT returns. Now bill wise details will have to be given for sales and purchase and many more changes

VAT on Restaurant Bill

Posted by Pankaj Gandhi Jaiswal 25 April 2016 32165 Views

It is well known and settled fact that restaurant bill includes both component Goods and Service. And since service component is there central government is levying service tax on discounted rate means on 40% value of entire bi