Goods and Services Tax - Page 278

Delhi VAT- Filing of online return for third quarter of 2014-15 – extension of period thereof

25 of 201 4-15 (16/02/2015)

I, Sanjeev Khirwar, Commissioner, Value Added Tax, do hereby extend the last date of filing of online/hard copy of third quarter return for the year 2014-15, in Form DVAT-16,DVAT-17 and DVAT-48 along with required annexures/enclosures to 15/02/2015....

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Delhi VAT- Extension of last date of filing of online return in Form 9

26 of 2014-15 (16/02/2015)

I, Sanjeev Khirwar, Commissioner, Value Added Tax, do hereby extend the last date of filing of online return in Form 9 for the year 2013-14, prescribed under Rule 4 of Central Sales Tax (Delhi) Rules, 2005 to 31/03/2015....

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Insurance premium on Hire purchase transaction forms part of 'Sale'

TATA Engineering and Locomotive Co.Ltd.(Now Known as TATA Motors Ltd.) Vs State Of Maharashtra (Bombay High Court)

TATA Engineering and Locomotive Co.Ltd.(Now Known as TATA Motors Ltd.)[the Appellant or the Company] is a manufacturer of Motor Vehicles and also engaged in the business of hire finance of Motor Vehicles....

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SC upholds levy of Sales tax on processing / supplying of photographs

State of Karnataka Etc Vs. Pro LAB and Ors[2015-TIOL-08-SC-CT-LB]

Entry 25 of Schedule VI of Karnataka Sales Tax Act, 1957 (Entry 25) was inserted vide an amendment in July 1, 1989 thereby providing for levy of Sales tax for processing and supply of photographs, photo prints and photo negatives....

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DVAT-Spl.OHAs for hearing objections with respect to 2A-2B mismatch of 2012-13.

24 OF 2014-15 (09/02/2015)

CIRCULAR NO. 24 OF 2014-15 In partial modification of this department’s Circular No.18 of 2014-15, the following Assistant Commissioners(mentioned at Col.No.4) are hereby authorised as Spl.OHAs for hearing the objections with respect to 2A-2B mismatch of 2012-13 in place of Sh. Sameer Minz, Assistant Commissioner (W-22 & 23), in additi...

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Input Tax Credit reversal on export sales without form W under TNVAT Act, 2006

Under TNVAT Act, 2006 there are two options available for the dealer in case of export sales to claim the ITC for which the dealer has paid VAT on his purchases for the raw materials, packing materials and other inputs used as laid down under Section 18 (3) of the TNVAT Act. ...

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Cross adjustment between CST and State tax allowable, no interest leviable for short payment

Hindustan Unilever Limited Vs Deputy Commissioner, Commercial Taxes (Calcutta High Court)

Many a times dealers face a situation where due to technical error or clerical mistake while making payment of sales tax, tax is wrongly paid in wrong account i.e. instead of paying under the head of Central sales tax, it is paid under the head State VAT/sales tax....

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Processing & Supplying of Photographs liable to Sales Tax– SC

Hon’ble Supreme Court in the case of State of Karnataka etc. vs. M/s. Pro Lab & Others in Civil Appeal No. 1145 of 2006 decided on January 30, 2015 upholds the levy of sales tax on Processing and supplying of Photographs, Photo Prints and Photo negatives retrospectively with effect from 01.07.1989....

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Brief on Goods and Service Tax (GST)

What is Goods and Service Tax (GST) GST is a destination based tax levied on supply of goods and services Proposed Dual GST in India is to be levied concurrently by states and central government on a common tax base It will be levied on all stages of the supply chain till the final sale […]...

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

I shall begin my write-up with the wording of section 70 of DVAT Act which empowers Commissioner DVAT to issue notifications and prescribe various forms which are necessary for the administration of the Act. By using the said powers Learned Commissioner issued a notification (No. F 7/433/2012/472-483) dated 16-08-2012 to file rate wise de...

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Goods and Services Tax India

The Goods and Services Tax or better known as GST is a Value added Tax and is a comprehensive indirect tax which is levied on the manufacture, consumption, and sale of goods and services. The Goods and Services Tax in India would replace all the indirect taxes which are levied today on goods and services by the Central and the State governments. GST is intended to be comprehensive for most of the goods and services. Goods and Services Tax is a single indirect tax for the entire nation, which would make India a unified market. It is proposed to be a single tax on supply of goods and services, from a manufacturer to the end consumer. The credit of all the input taxes which are paid at each and every stage would be allowed in the following stages of value addition that makes GST basically a tax on value addition only at every stage. The end consumer would have to bear only the Goods and Service Tax which is charged by the final dealer within the supply chain, together with all the set-off benefits availed at previous stages.

At Taxguru, we provide all the latest GST news to our viewers. Our group of expert keep a close check on all the latest developments and provide a comprehensive analysis on GST updates. We keep updating our portal with articles on GST for the enlightening our readers. Bookmark us for all the GST articles and much more on GST.