Goods and service Tax News, Articles and Notification

Trade Circular No.17T of 2011 The payment of tax under MVAT Act, 2002 and CST Act, 1956 by way of e-payment has been made from March, 2011. it has been reported to this office by some of the dealers that they have made certain mistakes while making e-payment leading to incorrect / inaccurate / inappropriate tax payments. They have accordingly approached this office for rectification of the said mistakes. Considering the genuine difficulty faced by the dealers, it was dec.. Full Article

1)Upload file is not proper please check version current version is 1.0.1. - While down loading the e-501 (version 1.0.2) , please delete all temporary files, cookies ,and caches from the system. Further down load the file on desktop and then fill the e-501. Full Article

Punjab Government has promuglated a new ordinance so as to amend the Punjab Tax on Entry of Goods into Local Areas Act, 2000. By this ordinance word 'Goods' in the said Act has been defined, section 3-A and section 4 of the said Act has also been amended. Full Article

Classification of commodity under the Punjab Value Added Tax Act, 2005, is a matter of utmost importance in the charging of tax at the time of sale and purchase and in the assessment, because the application of rates of tax, exemptions and concession deeply, largely on the classification of the commodities, it is not a mechanical because different goods are classified differently by the authorities according to the language of the statute or the notification concerned. T.. Full Article

We are of opinion that there is ample power under section 5A of the State Act enabling the Chief Commissioner to specify the single point at which tax may be levied in a series of sales. This can, however, be done by him only by a notification in the Official Gazette. No such notification has been placed before us which could relate to the assessment year under consideration. Full Article

The detailed instructions for filing of Audit report u/s 61 of the MVAT Act 2002 in form 704 were issued by the Trade circular No.27T of 2009, dated 1st October 2009. It was then clarified in para 4 of the said circular, that such dealers would also be requited to submit certain documents. In partial modification of the said instructions, it is now clarified, that the dealers who are required to file audit report u/s 61 of MVAT 2002 for the financial year 2010-2011 besid.. Full Article

in exercise of the powers conferred by sub-sections (1), (2) and (3) read with the proviso to sub-section (4) of section 83 of the said Act and of all other powers enabling it in this behalf, the Government of Maharashtra hereby, amends the Maharashtra Value Added Tax Rules, 2005, namely :‑ (1) These rules may be called the Maharashtra Value Added Tax (Fifth Amendment) Rules, 2011. (2) In rule 54 of the Maharashtra Value Added Tax Rules, 2005, for claus.. Full Article

No.- VAT 1511/ CR 96/ Taxation 1.- In exercise of the powers conferred by sub-section (5) of section 41 of the Maharashtra Value Added Tax Act, 2002 (Mah. IX of 2005), the Government of Maharashtra hereby amends the Government Notification, Finance Department, No. VAT 1511/ C.R.57/ Taxation-1, dated the 30th April 2011, namely :— Full Article