Goods and Services Tax - Page 417

MVAT Audit Repot in form 704 can be filed only online after 30th September 2009

Notification No. Vat/AMD-1009/IB/Adm.6 (21/08/2009)

In exercise of power conferred by sub rule (1) of Rule 17A of the Maharashtra Value Added tax Rules, 2005, The Commissioner of Sales Tax, Maharashtra hereby provides that the dealers who are liable to get the accounts audited as per the provisions....

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MVAT Dealers against whom business audit started after 1st April 2009 need to file form 801 electronically

Notification No. Vat/AMD-1009/IB/Adm.6 (21/08/2009)

No. Vat/AMD-1009/IB/Adm.6- In exercise of power conferred by sub rule (1) of Rule 17A of the Maharashtra Value Added tax Rules, 2005, The Commissioner of Sales Tax, Maharashtra hereby provides that the dealers in respect of whom the proceedings of business audit as per section 22 the Maharashtra Value Added tax Act, 2002 have commenced on...

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Mvat Refund Application in form 501 can be filed only online from 01.10.2009

Notification No. Vat/AMD-1009/IB/Adm.6 (21/08/2009)

The Commissioner of Sales Tax, Maharashtra hereby provides that the registered dealers who are entitled to claim the refund as provided under section 51 of the Maharashtra Value Added tax Act, 2002, Shall on or after 1st October 2009, Electronically upload the application in form 501, provided on the website of the Sales Tax Department....

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Extension of date for existing manual system for accepting applications for declarations prior to 1/04/2008

Trade Circular No. 23 T of 2009 (17/08/2009)

No. VAT/U.O.R.No. 88/JC(Reg.) Mumbai – Trade Circular No. 23 T of 2009, Dated : 17.08.2009 Sub.: Procedure for on line submission of application [Statement of Requirement ] for the statutory forms (C/F/H/EI/EII) under the Central Sales Tax Act, 1956 and delivery at the place of business of the dealer....

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Amendment to Maharashtra Value Added Tax Act, 2002 to implement budget announcements

Trade Circular No. 22 T of 2009 (06/08/2009)

The salient features of the MVAT Act amendments are briefly explained below: 2. Revised Returns-Section 20 (4) is substituted:- Earlier the revised returns could be filed anytime before the notice for assessment was served or within nine months from the end of the year, to which the return relates, whichever is earlier. Certain continge...

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Cheers! Mvat rate on wine in Maharashtra reduced to 4%

Maharashtra government has given into the demand from various quarters including farmers and slashed the VAT back to 4% from the recent increase to 25% while the imported wines will attract the duty of 20% instead of 25%. The decision was taken at a special cabinet meeting convened Wednesday in Nashik. A decision was also taken […...

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Waiver of penalty in certain cases for non-filing of return within prescribed time

Trade Circular No. 21 T of 2009 (04/07/2009)

I am glad to inform the Hon'ble members that Maharashtra is the first State to get tax returns in large numbers electronically from all dealers. The dealers, the trade associations and tax practitioners have greatly contributed to this and deserve to be congratulated....

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Mvat Notification for Adding Entries to Medical Devices Notification

Notification No. VAT- 1509/CR-.81- C/Taxation- 1 (29/06/2009)

Mantralaya, Mumbai 400 032, dated the 29th June 2009. NOTIFICATION Maharashtra Value Added Tax Act, 2002. No. VAT- 1509/CR-.81- C/Taxation- 1 — In exercise of the powers conferred by sub-entry (8) of entry 107 of SCHEDULE ‘C’ appended to the Maharashtra Value Added Tax Act, 2002 (Mah IX of 2005) the Government of Maharashtr...

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No MVAT on Sales by a registered dealer to the Department of Space ,of goods used in Satellite Launch System

Notification No.VAT-1509/ CR-81-A/Taxation -1 (29/06/2009)

FINANCE DEPALRTMENT Mantralaya, Mumbai 400 032, dated the 29th June 2009 ORDER Maharashtra Value Added Tax Act, 2002. No.VAT-1509/ CR-81-A/Taxation -1. -In exercise of the powers conferred by sub-section (5) of section 8 of the Maharashtra Value Added Tax Act. 2002 (Mah. IX of 2005), the Government of Maharashtra hereby amends with effe...

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Mvat Notification for Change in Rate & Condition for Composition Scheme of Restaurants

Notification No.VAT 1509/C.R.81- D/Taxation- 1 (29/06/2009)

The claimant dealer shall apply in Form -2 in respect of caterers and in Form —1 in case of other dealers referred to in column (2) of this entry, to the Joint Commissioner of Sales Tax (Registration) in case of the dealers in Mumbai and in other cases, to the Joint Commissioner of Sales Tax (VAT Administration) concerned....

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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.