VAT Articles

Reassessment and revision period extended in Haryana VAT

Posted by CS Priyanka Gupta 18 August 2015 17680 Views

Recently, Haryana Value Added Tax, 2003 has been amended vide Ordinance issued by the Governor dated 31.7.15 published vide Notification No Leg. 9/2015 dated 3rd August 2015. The concerned amendment is effective with effect from 3rd August 2015. The

MVAT - TDS on Work Contract (WCT TDS)

Posted by NAVIN AGICHA 11 August 2015 30969 Views

Meaning of work Contract: A works contract is an agreement which is a mixture of service or labour and transfer of goods. Under a works contract the contractor agrees to do certain job in execution whereof, certain goods are transferred to the contra

TDS on Industrial Canteens - Karnataka VAT

Posted by Mahadev 04 August 2015 24347 Views

VAT is a levy on sale of goods. For the purpose, it is usually the seller who would be held liable for payment of VAT. However, there are few exceptions created under the VAT provisions. As per Section 3(2) of KVAT Act 2003, in case there is a sale b

Impact of budget proposals on Delhi VAT

Posted by Kaushik Vinod 29 June 2015 9478 Views

IMPACT OF BUDGET PROPOSALS ON DELHI VALUE ADDED TAX PRESENTED ON 25-06-2015Introduction:Before I begin this article it is worth to quote from the budget speech of Mr. Manish Sisodia Finance Minister that �I have tried to strike a careful balanc

Work contract tax in Rajasthan

Posted by CA RITUL PATWA 23 June 2015 57726 Views

The government of Rajasthan has made radical changes in the Works Contract Tax Liability for contracts awarded in Rajasthan for the F. Y. 2015-16. This includes WCT liability on the Contractor as well as TDS deduction liability on the awarder of the

All about sales tax

Posted by Munim.in 11 June 2015 25165 Views

Sales tax is the tax paid to the government for the sale of goods. This is generally a fixed percentage and varies from place to place as well as product to product. Sales tax is levied on each transaction whether it is from Manufacturer to Wholesale

Is filing an appeal a cumbersome task?

Posted by Rajat Mohan 10 June 2015 21619 Views

Introduction law, an appeal is a process for requesting a formal change to an official decision. Very broadly speaking there are appeals on the record and de novo appeals. In de novo appeals, a new decision maker re-hears the case without any refere

Overview of CST - Impact on Other Indirect Taxes

Posted by Madhukar N Hiregange 03 June 2015 18536 Views

Overview of CST ( Including Impact of other Indirect taxes) IntroductionThe provisions of various local VAT K-Vat Act 2003 and the Rules made thereunder concentrates on the sale or purchase of goods within the State, whereas the provisions of C.S.T

Haryana VAT officers

Posted by Rajat Mohan 29 May 2015 35611 Views

Administration and Duties. 1. Appointment of Commissioner and other officers:Authorization for appointing a commissioner rests with the state government. Along with the commissioner, many Additional Excise and Taxation Commissioners, Joint

K-VAT levy on freight charges

Posted by Mahadev 22 May 2015 36292 Views

KMany of the dealers today are not very clear about levy of VAT on freight charges being collected on the sale transactions. An attempt has been in this article to provide clarity on the implication of freight charges. Un