Articles by Kaushik Vinod

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

Budget session and GST, will tyranny of opposition end?

Posted by Kaushik Vinod 09 March 2015 11032 Views

Introduction:Everyone including me is very optimistic about passage of GST Bill in both the houses of Parliament in this undergoing budget session of parliament which has started from 23 Februa

Input credit mechanism under proposed GST regime

Posted by Kaushik Vinod 23 February 2015 10962 Views

Input Credit mechanism under proposed GST regime-The milestone to achieveBACKGROUND:Before I begin this article it is worthwhile to discuss the background behind this since as of today no professional as well dealer is sure about the consequences of

Legislative history of filing stock statement as on 31st March of every year under DVAT Act, 2004

Posted by Kaushik Vinod 02 February 2015 10931 Views

INTRODUCTION:I shall begin my write-up with the wording of section 70 of DVAT Act which empowers Commissioner DVAT to issue notifications and prescribe v

Evolution of WCT

Posted by Kaushik Vinod 20 January 2015 14465 Views

EVOLUTION OF WORKS CONTRACT TAX (WCT) BACKGROUND:This article is basically written to give you understanding of evolution of works contract tax in India and its entire journey from beginning till date. Before I take you into the mid of ocean we have

Input Credit on Capital Goods under Delhi VAT

Posted by Kaushik Vinod 05 January 2015 14042 Views

INPUT CREDIT ON CAPITAL GOODS UNDER DELHI VALUE ADDED TAX Tax Credit on Capital goods shall be available in the manner described under Section 9(9) of the DVAT Act, 2004 (hereinafter called the ACT)Definition of Capital Goods:Cap

Constitutional amendment on GST

Posted by Kaushik Vinod 03 January 2015 24994 Views

ATTEMPT TO DECODE THE 122ND CONSTITUTIONAL AMENDMENT BILL (GOODS AND SERVICE TAX)BACKGROUNDBefore going into the depth of Constitution of India and its amendments we have to first understand why it needs to be amended to bring the GST Law. The GST La

Point of Taxation Rules,2011 with recent amendements

Posted by Kaushik Vinod 07 January 2013 134099 Views

BACKGROUND OF RULES I will start my article with the wordings of Finance Minister while presenting the Budget proposal for the financial year 2011-12, the Finance minister said that in order to achieve a closer fit between the present servi