VAT News
Sales tax notices hit real estate
11 June 2008 at 12:14The notices issued by the sales tax department on “work contract tax” have sent the real estate industry into a tizzy. A representation of city builders will meet the finance secretary on Wednesday
State may give sales tax relief
05 June 2008 at 11:17The Maharashtra government has decided to reduce sales tax to bring relief to people adversely affected by the steep hike in the prices of petrol and diesel. While the state is still debating the quantum
Central Sales Tax (CST) reduced to 2% from 1st June, 2008
31 May 2008 at 01:23On the basis of the discussions between the Empowered Committee (EC) of State Finance Ministers and the Union Finance Minister regarding the compensation package, the Government of India, Ministry of Finance, Department of Revenue has issued a notifi
No VAT rate hike to compensate CST rate cuts
16 April 2008 at 12:25PTI NEW DELHI AN OFFICIAL panel on Tuesday ruled out any increase in Vat rates as part of a package to compensate states on account of revenue loss due to a 1% in Central Sales Tax that was to have happened in the beginning of this
Exporter's in distress with centre's proposal
05 February 2008 at 13:26EXPORTERS IN DISTRESS WITH CENTRE'S PROPOSALThe Centre proposes to request the state governments to increase the Value Added Tax(VAT) rate from 4% to 5%. This proposal has made a section of exporters a bit nervy who missed out on VAT refunds from se
E-filing of VAT returns on cards
24 September 2007 at 23:09PUNE: Filing of returns would soon be a much easier preposition for the value added tax (VAT) dealers in the city. The sales tax, Pune division, will introduce the facility for online filing of VAT returns in two months, D.V. Bhalchandra, additional
MVAT Audit Report Date Extended upto 31-10-2007
22 August 2007 at 17:31Dear Members,The Hon'ble Bombay High Court has extended the last date for submission of VAT Audit Report in Form No. 704 upto 31st October, 2007 for the Financial Year 2005-2006.Thanks
Targets set-"VAT n STT data to trace Tax evasion!!!"
30 July 2007 at 07:10NEW DELHI: If you are planning to buy a large quantity of shares in a blue-chip company, better get your account books right. The government may soon use the security transaction tax (STT) data to track cases of income tax evasion. The Central Board
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