VAT Articles

Now wait for Only 45 days for VAT Refund?

Posted by CA Umesh Sharma 16 February 2016 14646 Views

for VAT Refund? Arjuna (Fictional Character): Krishna, Sales Tax Department has issued the circular of granting of VAT Refund within 45 days, what is it?Krishna (Fictional Character): Arjuna, MVAT

Temporary Renting of Garments - Indirect Tax Implications

Posted by Nimish Goel 15 February 2016 7500 Views

In an era of zealous consumers wanting everything at the drop of a hat, we see a number of new start-ups mushrooming everyday with their unique and ingenuous ideas. We recently met the founderts of one such start-up (�Company�) that made

Dealer friendly e-C Tax Website and Changes in TNVAT Act, 2006

Posted by RENGARAJ R.K 09 February 2016 11760 Views

Introduction: In order to curb tax evasion of selected notified commodities which are brought into the State and sold without

A Brief Introduction about MVAT

Posted by CA Chinmay Gangwal 03 February 2016 17787 Views

Vat is a one of the indirect tax in our India. It is simple and transparent system with limited scope of department control due to the self assessment made by dealers and less scope for tax evasion due to strict penal p

Stock transfer versus inter state sale

Posted by RAVINDER KUMAR JAIN M.Com LLB 22 January 2016 20930 Views

A dealer can stock transfer the goods from his one place of business to another place of business and this transaction is not taxable under the Central Sales Tax Act, 1956. The goods transferred to another place of business for sale may be treated as

Discussion on Value Added Tax, Karnataka - Part 2

Posted by SANTHOSH. ASHOK 14 January 2016 10110 Views

Business includes:-Section 6(a) any trade, commerce, manufacture or any adventure or concern in the nature of trade, commerce or manufacture, whether or not such trade, commerce, manufacture, adventure or concern is carried on in furtherance of gain

Method of Accounting of VAT

Posted by Sundararajan S 28 December 2015 31717 Views

Value Added Tax � Method of AccountingS. �Men may come and men may go, but I go on forever� says this Value added tax system amidst the chaos of Goods and Services Tax. This system of VAT was introduced in TamilN

Discussion on Value Added Tax, Karnataka

Posted by SANTHOSH. ASHOK 17 December 2015 29556 Views

Introduction The White Paper is a policy document indicating basic policies of State Sales Tax VAT. Haryana was the only State to introduce VAT w.e.f. 1-4-2003. About 21 States have introduced VAT (though in diluted form) w.e.f. 1-4-2005. These inclu

Gujarat VAT and CST TIN Registration

Posted by CA Sachin D Jain 27 April 2021 36049 Views

A lot of queries comes to mind when one thinks about taking registration under Gujarat VAT and CST Laws. Some of the queries and their answers are published as follows for the benefits of the readers: What is VAT / CST / TIN / Sales Tax ? Answer: VAT

Changes introduced by Delhi value added tax (third amendment) act, 2015

Posted by CA Prateek Garg 12 December 2015 7201 Views

Delhi Government introduced the Delhi Value Added Tax (Third Amendment) Bill 2015 in the Delhi Legislative Assembly on 4th December 2015 and passed it on the same day. 1. SHORT TITLE, EXTENT AND COMMENCEMENT.(i) This Act may be called the Delhi Value