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Tax Connect (56th Issue) #pdf
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TAX CONNECT – 56 th Issue JAV & ASSOCIATES (21 Feb. 2016 – 27 Feb. 2016) Page 1 Chartered Accountants TAX CONNECT 56th Issue 21 feb 2016 – 27 FEB 2016 INCOME TAX CENTRAL EXCISE SERVICE TAX GST CUSTOMS STATE TAXES JAV & ASSOCIATES Chartered Accountants Kolkata: 1, Old Court House Corner ^Toao House_ 1 st Floor Room No.-13 (North) Kolkata-70001 West Bengal Vadodara: Quarter no. 3/174 Gujarat Refinery Township Jawaharnagar Vadodara-391320 Gujarat Contact: +919331042424; +91931594980; +918697575185; +913322625203 Email: tb.chatterjee@dic.co.in; tb.chatterjee@yahoo.co.in; cavivekjalan@gmail.com; vivek.jalan@icai.org TAX CONNECT – 56 th Issue JAV & ASSOCIATES (21 Feb. 2016 – 27 Feb. 2016) Page 2 Chartered Accountants Friends We are glad to introduce to you our book, Comprehensive Technical guide on Issues in Works Contract under Service Tax & VAT. We have also incorporated a section on what GST expectedly holds for Trade & Industry as far as Taxation on Works Contract is concerned. This book is divided into Seven Parts covering several broad areas. Each area has the provisions directly fr om the Statue in the beginning and detailed discussions on the provisions in the form of questions and answers thereafter. Since Litigations on the subject have been manifold, we have also tried to cover judicial pronouncements extensively. It is a sense of déjà vu as one remembers the ex-FM Mr. P Chidambaram speaking at events of Chambers throughout the country back in 2013 where he said that now the Govt. has a 360 degrees mechanism to track non-compliers and it shall take data from all sources available. To take this mechanism further, now in Indirect Taxes also, the CBEC has asked for AIR (Annual Information Return) from the RBI & Electricity Companies in the same lines as CBDT. Hence now the CBEC has also started collecting data from various other sources for ensuring better tracking of tax compliances. The information seeked vide N No 1/2016-ST is as follows – 1. From RBI - Details of foreign remittances for the receipt of services declared under various purpose codes, for such entities whose value of remittances aggregates to more than Rs. 50 Lakhs in a financial year to which the return pertains. 2. From Electricity Board - Electricity consumed by such manufacturers, using an induction furnace or rolling mill to manufacture certain goods whose aggregate value of clearances exceeds Rs. 150 lakh in the financial year to which the return pertains, as identified and intimated to him by the Principal Chief Commissioner or the Chief Commissioner of Central Excise and Service Tax in -charge of the Central Excise or Service Tax Zone, by the 30th June of the subsequent financial year. The Notification shall take effect from 1.4.2016. In Income Tax, the CBDT has come out with Circular No. 1/2016 & Instruction No. 1/2016. The brief details are as follows – 1. Instruction No. 01/2016 - Following the prescribed time-limit in passing order under sub- section (8) of section 154 of Income-tax Act, 2. Circular 1/2016 - Clarification of the term 'initial assessment year' in section 80IA (5) of the Income-tax Act, 1961 Both the above are discussed in this bulletin. Just to reiterate that we remain available over a telecom or e-mail. Truly Yours Timir Baran Chatterjee M.Com, FCS, MBA (International Business)-IIFT, ACMA Vivek Jalan FCA, CIDT (ICAI), B. Com EDITORIAL TAX CONNECT – 56 th Issue JAV & ASSOCIATES (21 Feb. 2016 – 27 Feb. 2016) Page 3 Chartered Accountants S. NO. TOPICS PAGE NO. 1] COMPLIANCE CALENDAR 4 2] GOODS & SERVICE TAX (GST) - REPORT OF SUB COMMITTEE - II ON MODEL GST ACT, 2016 – ACCOUNTS & RECORDS 5 3] CENTRAL TAXES a) SERVICE TAX 6 Notification/Circular Service Tax and Central Excise (Furnishing of Annual Information Return) Rules, 2016 Case Law Input services utilised for construction of immovable property for the purpose of renting as output services are eligible for cenvat credit. b) CENTRAL EXCISE 7 Notification/Circular Notification under Section 11C of the Central Excise Act on Di-Calcium Phosphate (animal fe ed grade) of rock phosphate origin falling under heading 2835 Case Law The provisions of Rule 3 requires registration of input service distributo rs and require any provider of taxable service exceeding certain limit to make an application for registration wi thin the time prescribed. However, nothing in the said Rules of 2005 or in the Rules of 2004 dis-entitle an input service distributor from availing Cenvat credit until such registration was applied and granted. c) CUSTOMS 8 Notification/Circular Exemption of basic customs duty and additional duty on import of specified good s for display or use at specified events Notification/Circular Commissioner of Customs, Custom House, Tuticorin, to act as a common adjudicating au thority to exercise powers and duties of the Commissioner of Customs, Air Cargo Complex, Chennai Notification/Circular Revision in All Industry Rates (AIR) of Duty Drawback of various items Notification/Circular Fixation of T V of Edible oil, Brass, Poppy seed, Areca nut, gold and Sliver Notification/Circular Revision of exchange rate of foreign currencies into rupee & vice versa d) INCOME TAX 9 Notification/Circular Clarification of the term 'initial assessment year' in section 80IA (5) of the I ncome-tax Act, 1961 Notification/Circular Prescribed time-limit of 6 months in passing order under sub-section (8) of section 154 of Income-tax Act to be strictly followed Notification/Circular Rectification order under section 154 to be passed in writing 4] STATE TAXES 10 Notification/Circular Andhra Pradesh: Streamlining of procedure of detention of goods at Check posts by banning manual systems of physical checks at ICP/BCPs Delhi: Time period for rectification/revision for return in Form GE- II Gujarat: Compulsory e-payment of tax has been extended from December to February period West Bengal: Guidelines and work processes relating to VAT for implementing Integrated Tax Monitoring in the Circles and Charges of the Directorate INDEX TAX CONNECT – 56 th Issue JAV & ASSOCIATES (21 Feb. 2016 – 27 Feb. 2016) Page 4 Chartered Accountants Due date COMPLIANCES FROM 21st February, 2016 to 27th February, 2016 STATUTE 21st February, 2016 Deposit of VAT of previous month Assam VAT Act, Delhi VAT Act, Maharashtra VAT Act, Odisha VAT Act, Nagaland VAT Act Meghalaya VAT Act West Bengal VAT Act Filing of monthly/quarterly VAT return Assam VAT Act (Monthly), Maharashtra VAT Act (Monthly), Odisha VAT Act (Monthly), Meghalaya VAT Act (Monthly) Deposit of WCT of previous month Maharashtra VAT Act Deposit of Entry tax of previous month Odisha VAT Act, West Bengal VAT Act Deposit of Ptax of previous month Odisha VAT Act ESI deposit of previous month ESI Act 22nd February, 2016 Deposit of VAT of previous month Gujarat VAT Act Deposit of WCT of previous month Gujarat VAT Act Issuance of WCT certificate Delhi VAT Act Deposit of Entry tax of previous month Gujarat VAT Act 25th February, 2016 Filing of monthly/quarterly VAT return Jharkhand (Monthly) Issuance of WCT certificate West Bengal VAT Act (Monthly) Mizoram VAT Act (Monthly Deposit of Entry tax of previous month Maharashtra VAT Act (if registered dealer) COMPLIANCE CALENDAR TAX CONNECT – 56 th Issue JAV & ASSOCIATES (21 Feb. 2016 – 27 Feb. 2016) Page 5 Chartered Accountants REPORT OF SUB COMMITTEE - II ON MODEL GST ACT, 2016 – ACCOUNTS & RECORDS The provisions for Accounts & Records covered in CHAPTER VIII of the model GST Act can be summarized as follows: Tax invoice  Supply of taxable goods and/or services shall require issue of tax invoice showing the tax amount forming part of the price separately  Supply of non-taxable goods and/or services or foods under compounded levy scheme under Section 8 of the Act shall not require issue of tax invoice but a bill of supply only Credit and debit notes  If the taxable value and/or tax charged in t he tax invoice - exceeds the taxable value and/or tax payable in respect of such supply, the supplier may issue a credit note to the recipient before 30th September following the end of the financial year in which such supply was made, or the date of filing of the annual return, whichever is earlier. - is less than the taxable value and/or tax payable in respect of such supply, the supplier may issue a debit note to the recipient before 30th November following the end of the financial year in which such supply was made, or the date of filing of the annual return, whichever is earlier.  Both the supplier and recipient shall declare the details of such credit or debit note in the return for the month not later than September or November following the end of financial year in which such supply was made, or the date of filing of the relevant annual return, whichever is earlier. Accounts and other records  A registered taxable person shall keep and maintain at his principal place of business, a true and correct account of - production of goods, - inward or outward supply of goods and/or services - stock of goods - input tax credit availed, - output tax payable and paid  In case of more than one place of business as specified in the certificate of registration, the accounts relating to each place of business shall be kept at such places of business concerned.  A class of taxable persons may be notified to maintain additional accounts or documents  In case the turnover exceeds the prescribed limit, one shall get his accounts audited by a chartered accountant or a cost accountant and shall submit to a copy of the audited accounts and the reconciliation statement under sub-section (2) of section 43. Period of retention of accounts  The accounts and records shall be maintained until the expiry of 60 months from the date of filing of Annual Return for the year pertaining to such accounts and records  If an appeal or any other proceeding is pending before Appellate Authority or Tribunal or Court, the related records shall be maintained for a period of 1 year after final disposal of such proceeding or as may be specified. GOODS & SERVICE TAX (GST) TAX CONNECT – 56 th Issue JAV & ASSOCIATES (21 Feb. 2016 – 27 Feb. 2016) Page 6 Chartered Accountants SERVICE TAX NOTIFICATIONS/CIRCULARS SERVICE TAX AND CENTRAL EXCISE (FURNISHING OF ANNUAL INFORMATION RETURN) RULES, 2016 OUR COMMENTS : The CBEC, Dept. of Revenue, Ministry of Finance, Government of India vide Notification No. 4/2016-Service Tax dated 15.02.2016 has made ^Service Tax and Central Excise (Furnishing of Annual Information Return) Rules, 2016 ” to be effective from 01.04.2016. As per the rules, the information return required to be furnished under sub-section (1) of section 15A of Central Excise Act, 1944 shall be furnished annually for specified transactions before 31st December of the financial year following the financial year to which the return pertains in Form AIRF by the following persons : - An officer of the Reserve Bank of India constituted u/s 3 of the Reserve Bank of India Act, 1934, who is duly authorised by the Reserve Bank of India - An officer of a State Electricity Board or an electricity distribution or transmission licensee under the Electricity Act 2003, or any other entrusted entity entrusted. COURT DECISIONS NIRLON LTD. VERSUS COMMISSIONER OF CENTRAL EXCISE, MUMBAI [CESTAT MUMBAI] BRIEF: Input services utilised for construction of immovable property for the purpose of renting as output services are eligible for cenvat credit. OUR COMMENTS : In the above case, the assessee has availed CENVAT credit of the service tax paid on the input services, goods for discharging service tax liability under the category of ^Renting of Immovable Property Services _. The Revenue contended that the assessee could not avail CENVAT credit on such input services and the goods and issued a show-cause notice by invoking extended period for the demand of ineligible CENVAT credit along with interest and penalties. The Revenue here relied on the clarifications of CBEC by Circular No.96/7/2007-ST dated 23.08.2007 (further amended by Circular No. 98/1/2008) according to which input credit of service ta￿av e takev ovl￿if the output is a Zservie[ liale to servie ta￿ or a Zgoods[ liale to e￿ise dut￿ Sive iuuovale propert￿ is veither Zservie[ or Zgoods[ as referred to above, input credit cannot be taken. The assessee’s contention is that as per the provision of Rule 2(l) Cenvat Credit Rules, 2004, CENVAT credit in respect of setting up of premises for providing taxable goods/services is allowed. The given circular is somewhat contrary to the provisions of Cenvat Credit Rules, 2004. The service providers of the concerned input services (Electrical Work, Plumbing & Fire Fighting Work, Road Work, Gardening, Sewerage Treatment Plant, Drainage Work, Air Conditioning Work, Supply of Diesel Generator Set, Erection & Installation of Elevators and Civil Work by Contractors) have discharged the service tax under ^ Works Contract Service _ and various other services. Also, the immovable property constructed was intended for renting out as output service, hence cenvat credit should be allowed . Further, the issue is also well settled by the Tribunal in the case of Navaratna S.G. Highway - 2012 (28) STR 166 (T) which was upheld by the Hon'ble High Court of Andhra Pradesh. Also, the Hon'ble High Court of Gujarat in the case of Mundra Ports & Special Economic Zone Ltd. - 2015 (39) STR 726 (Guj) has held that CENVAT credit of duty paid on cement and steel used in construction of new jetties and other commercial buildings are entitled for input credit. The Hon [ble CESTAT held that given the ratio of the higher judicial forum and the facts of the case the impugned order is unsustainable and cenvat credit should be allowed. [Decided in favor of assessee] CENTRAL TAXES TAX CONNECT – 56 th Issue JAV & ASSOCIATES (21 Feb. 2016 – 27 Feb. 2016) Page 7 Chartered Accountants CENTRAL EXCISE NOTIFICATIONS/CIRCULARS NOTIFICATION UNDER SECTION 11C OF THE CENTRAL EXCISE ACT ON DI-CALCIUM PHOSPHATE (ANIMAL FEED GRADE) OF ROCK PHOSPHATE ORIGIN FALLING UNDER HEADING 2835 OUR COMMENTS : The Dept. of Revenue, Ministry of Finance, Government of India vide Notification No. 4/2016-Central Excise (N.T.) dated 12.02.2016 has direct ed that the whole of excise duty payable under section 3 of the Central Excise Act, 1944 on Di-Calcium Phosphate (animal feed grade) of rock phosphate origin falling under heading 2835 of the First Schedule to the Central Excise Tariff Act, 1985, shall not be required to be paid in respect of the goods on which the duty was not levied during the period 01.02.2008 to 01.02.2014 in accordance with the said practice. COURT DECISIONS COMMISSIONER OF CENTRAL EXCISE VERSUS DASHION LTD [GUJARAT HIGH COURT] BRIEF: The provisions of Rule 3 requires registration o f input service distributors and require any provider of taxable service exceeding certain limit to make an application for registration within the time prescribed. However, nothing in the said Rules of 2005 or in the Rules of 2004 dis-entitle an input service distributor from availing Cenvat credit until such registration was applied and granted. OUR COMMENTS: In the above case, the assessee is engaged in the manufacture of water treatment plant and other connected items and was availing benefit of Cenvat credit on the duty paid on inputs, capital goods and input services as permissible under Cenvat Credit Rules, 2004. The assessee had five manufacturing units and had its registered office at Vatva, Ahmedabad. The assessee was also providing several taxable services such as erection and commissioning, repairing and maintenance of water treatment plant, etc. The Department objected the availing of cenvat credit on the grounds that the assessee had not registered itself under the Service Tax (Registration of Special Category of Persons), Rules 2005 . The Hov[le High Court held that the omission to take registration as an Input Service Distributor can be considered as procedural irregularity and has to be considered sympathetically. The Government had framed Rules of 2005 wherein the provisions of Rule 3 requires registration of input service distributors and require any provider of taxable service exceeding certain limit to make an application for registration within the time prescribed. However, nothing in the said Rules of 2005 or in the Rules of 2004 dis-entitle an input service distributor from availing Cenvat credit until such registration was applied and granted. Further, the assessee had maintained full records and made available for the Revenue to verify the correctness. Also, the assessee has not got any extra benefit by doing this and no loss has occurred to the Revenue. Hence, non-registration should only be treated as procedural lapse and cenvat credit should be allowed. [Decided in favour of assessee] THIS SPACE HAS BEEN INTENTIONALLY KEPT VACANT TAX CONNECT – 56 th Issue JAV & ASSOCIATES (21 Feb. 2016 – 27 Feb. 2016) Page 8 Chartered Accountants CUSTOMS NOTIFICATIONS & CIRCULARS EXEMPTION OF BASIC CUSTOMS DUTY AND ADDITIONAL DUTY ON IMPORT OF SPECIFIED GOODS FOR DISPLAY OR USE AT SPECIIFIED EVENTS OUR COMMENTS : The Dept. of Revenue, Ministry of Finance, Government of India vide Notification No. 8/2016 – Customs dated 05.02.2016 has exempted certain goods from basic excise duty and additional duty when imported into India for display or use at specified events. Th e goods and events are specified in Schedule I and Schedule II of the notification. COMMISSIONER OF CUSTOMS, CUSTOM HOUSE, TUTICORIN, TO ACT AS A COMMON ADJUDICATIN G AUTHORITY TO EXERCISE POWERS AND DUTIES OF THE COMMISSIONER OF CUSTOMS, AIR CARGO COMPLEX, CHENNAI OUR COMMENTS : The Dept. of Revenue, Ministry of Finance, Government of India vide Notification No. 21 /2016-Customs (N.T.) dated 08.02.2016 has appointed Commissioner of Customs, Custom House, Tuticorin (in addition to the appointment made vide Notification No.35/2007-Customs (N.T) dated 26.04.2007), to act as a common adjudicating authority to exercise the powers and discharge the duties conferred or imposed on the Commissioner of Customs, Air Cargo Complex, Chennai. REVISION IN ALL INDUSTRY RATES (AIR) OF DUTY DRAWBACK OF VARIOUS ITEMS OUR COMMENTS : The Dept. of Revenue, Ministry of Finance, Government of India vide Notification No. 22/2016-Customs (N.T.) dated 08.02.2016 has amended Notification No. 110/2015 – Customs (N.T.) dated 16.11.2015 and revised All Industry Rates (AIR) of Duty Drawback of various items including rice, Mats/carpets of furskin/'hair on' leatheror of furskin/'hair on' leatherin combination with other materials etc. FIXATION OF T V OF EDIBLE OIL, BRASS, POPPY SEED, ARECA NUT, GOLD AND SLIVER OUR COMMENTS : The CBEC (Dept. of Revenue), Ministry of Finance, Government of India vide Notification No. 23/2016-Customs (N.T.) dated 09.02.2016 and 25/2016- Customs (N.T.) dated 15.02.2016 has amended Notification No. 36/2001 -Customs, dated 03.08.2001 and fixed tariff value of edible oil, brass, poppy seed, areca nut, gold and silver by substituting tables, TABLE – 1, TABLE – 2 and TABLE – 3. The notification is self-explanatory. The readers may refer the said notificatio n. REVISION OF EXCHANGE RATE OF FOREIGN CURRENCIES INTO RUPEE & VICE VERSA OUR COMMENTS : The CBEC (Dept. of Revenue), Ministry of Finance, Government of India vide Notification No. 24/2016-Customs (N.T.) dated 12.02.2016 & in supersession of Notification No. 18/2016-Customs (N.T.) dated 04.02.2016 has revised the exchange rate of foreign currencies specified in col.(2) of each of Schedule I and Schedule II annexed hereto, into Indian currency or vice versa, w.e.f. 13.02.2016 to be the rate mentioned against it in the corresponding entry in column (3) thereof, for the purpose of the said section, relating to imported and export goods. SCHEDULE- II Sl. No Foreign Currency Rate of exchange of 100 units of foreign currency equv. to Indian rupees (1) (2) (3) (a) (b) (For Imported Goods) (For Export Goods) 1. Japanese Yen 61.25 59.90 TAX CONNECT – 56 th Issue JAV & ASSOCIATES (21 Feb. 2016 – 27 Feb. 2016) Page 9 Chartered Accountants INCOME TAX NOTIFICATIONS & CIRCULARS CLARIFICATION OF THE TERM 'INITIAL ASSESSMENT YEAR' IN SECTION 80IA (5) OF THE INCOME-TAX ACT, 1961 OUR COMMENTS : The CBDT, Dept. of Revenue, Ministry of Finance, Government of India vide Circular No. 1/2016-Customs (N.T.) dated 15.02.2016 has issued clarification of the term 'initial assessment year' in section 80IA (5) of the Income-tax Act, 1961. Under the above sub-section, some Assessing Officers are interpreting the term 'initial assessment year' as the year in which the eligible business/ manufacturing activity had commenced and are considering such first year of commencement/operation etc. itself as the first year for granting deduction. They are completely ignoring the clear mandate provided under sub-section (2) which allows a choice to the assessee for deciding the year from which it desires to claim deduction out of the applicable slab of fifteen (or twenty) years. The Assessing Officers are, therefore, directed to allow deduction u/s 80IA in accordance with this clarification. PRESCRIBED TIME-LIMIT OF 6 MONTHS IN PASSING ORDER UNDER SUB-SECTION (8) OF SECTION 154 OF INCOME-TAX ACT TO BE STRICTLY FOLLOWED OUR COMMENTS : The CBDT, Dept. of Revenue, Ministry of Finance, Government of India vide Circular No. 01/2016-Customs (N.T.) dated 15.02.2016 has directed that where an application for amendment is made by with a view to rectify any mistake apparent from record, the income-tax authority shall strictly pass an order within a period of 6 months from the end of the month in which such an application is received, by either making the amendment or refusing to allow the claim. The view taken by the field authorities that since no action was taken within the prescribed time-frame, the application is lapsed and does not require any action, is incorrect. The supervisory officers are directed to monitor the same and take necessary administrative action in case of non-adherence. RECTIFICATION ORDER UNDER SECTION 154 TO BE PASSED IN WRITING OUR COMMENTS : The CBDT, Dept. of Revenue, Ministry of Finance, Government of India vide Circular No. 02/2016-Customs (N.T.) dated 15.02.2016 has directed that when any rectification order under section 154 of the Income-tax Act, 1961 ('Act') is being passed by the Assessing Officer on AST System, the same shall also be passed in writing by the Income-tax authorities. Without giving a copy of the order, the concerned taxpayers remain unaware of such orders and consequentially, are unable to pursue the matter further, either in appeal or rectification, if required. Also, s ub-section (4) of section 154 of the Act mandates that rectification order shall be passed in writing by the Income-tax authorities. THIS SPACE HAS BEEN INTENTIONALLY KEPT VACANT TAX CONNECT – 56 th Issue JAV & ASSOCIATES (21 Feb. 2016 – 27 Feb. 2016) Page 10 Chartered Accountants ANDHRA PRADESH STREAMLINING OF PROCEDURE OF DETENTION OF GOODS AT CHECK POSTS BY BANNING OF MANUAL SYSTEMS OF PHYSICAL CHECKS AT ICP/BCPS OUR COMMENTS : The Commercial Taxes Department, Government of Andhra Pradesh vide Circular No. CCT[s Ref.No.Enft.D2/611/2007 dated 06.01 .2016 has made provision for officers of ACTO and above working at ICP/BCP to enter the details of goods vehicles detained at the check post where BSNL Intranet or internet connectivity is available. The officer concerned shall ^Generate Detention Order number _ in the VATIS-CVT data module and mention this Detention Order number as the reference number on the manually prepared detention order, show cause notice and orders etc. They shall also enter the details of vehicle, consigner, consignee, commodity, value and other details etc in the module. No notice shall be issued manually without entering the details of goods vehicles in VATIS-CVT data system. Further, vide Circular dated 09.02.2016 , the officers have been instructed that the goods and documents detained in Parcel lorries shall not be sent to the assessing authority of the dealer/owner of the goods any more. They have to take action as per the procedure prescribed under section 45 of APVAT Act2005. DELHI TIME PERIOD FOR RECTIFICATION/REVSION FO R RETURN IN FORM GE-II OUR COMMENTS : The Department of Trade & Taxes, Government of National Capital Territory of Delhi vide No. F.3(619)/Policy/VAT/2016/1437- 47 dated 11 .02.2016 has direct ed that the returns in Form GE-II for the first 3 quarters of the FY 2015- 16 (i.e. 1st April, 2015 to 30th June, 2015; 1st July, 2015 to 30th September, 2015 and 1st October, 2015 to 31st December, 2015) are required to be filed by 29th February, 2016. Further any revision in Form GE-II was allowed, up to the end of financial year following the financial year of the quarterly period of the return. GUJARAT COMPULSORY E-PAYMENT OF TAX HAS BEEN EXTENDED FROM DECEMBER TO FEBRUARY PERIOD OUR COMMENTS : The Government of Gujarat vide Circular No. Guj- Vat-86 /2015-16/javak 179/154 dated 06 .02.2016 has extended the compulsory e-payment of tax (local tax above Rs. 10 lakhs or if in any period the tax payable or tax paid is above Rs. 50,000/-) from December- 15 to February- 16 period. WEST BENGAL GUIDELINES AND WORK PROCESSES RELATING TO VAT FOR IMPLEMENTING INTEGRATED TAX MONITORING IN THE CIRCLES AND CHARGES OF THE DIRECTORATE OUR COMMENTS : The Directorate of Commercial Taxes , Government of West Bengal vide Circular No. Memo. No. 79CT/PRO dated 29.01.2016 has issued guidelines and work processes relating to VAT for implementing Integrated Tax Monitoring in the Circles and Charges of the Directorate. For the time being this scheme will be implemented in Circles and Charges situated in Beliaghata, Salt Lake, Behala and Howrah buildings. Disclaimer: This e-bulletin is for private circulation only. Views expressed herei n are of the editorial team. JAV & Associates or any of its employees do not accept any liability whatsoever direct or indirect that may arise from the use of the information contained herein. No matter contained h erein may be reproduced without prior consent of JAV & Associates. While this e -bulletin has been prepared on the basis of published/other publicly available information considered reliable, we do not accept any liabil ity for the accuracy of its contents STATE TAXES




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