NOTE: KINDLY DO NOT POST ANY COMMENT ON THIS FORUM BECAUSE IT UNNECESSARILY CREATES A STRETCH BETWEEN FILES TO BE UPLOADED.
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I'll keep updating this thread whenever i get some good notes.
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1) VALUE ADDED TAX (VAT) NOTES - 31 Pages
By FCA Ranjeet Kunwar (Bright Professionals (P) Ltd.)
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Contains the following topics:
> Background of VAT
> What are the need for introducing VAT
> Introduced VAT in Sales tax in India
> Basic Concepts / Features
> Advantages of VAT
> Disadvantages of VAT
> Who are covered under VAT
> Set-off of Tax Credit under VAT
> When Credit cannot be Availed
> Tax relief Under VAT
> Distinction between 'Zero rated sale' and 'exempt sale'
> Refund if VAT credit of input tax available cannot be utilised for any reason
> Rates of taxes under VAT
> Concessions for Small Dealers
> Variants of VAT
> Different Modes of Computation of VAT
> Procedural Provisions Relating to VAT
> Documentation required to avail credit of tax paid on inputs and capital goods
> Payment of VAT Tax and filing of returns
> Accounting treatment of VAT
> Assessment of TAX
> Past Examination Questions
CAclubindia
