Vat

United Kingdom (UK) Value Added Tax (VAT) Compliance for Selling Through Amazon FBA

Goods and Services Tax - If you sell goods in United Kingdom, it is likely that you will be required to register for Value Added Tax (VAT). VAT in the United Kingdom is a tax on consumer spending....

Read More

VAT on E-Commerce Transactions

Goods and Services Tax - E-Commerce is growing fast, or dying slow…!! Today everyone is slowly and gradually coming up online to buy & sell. We as professionals need to add value to our client business by educating them and allowing them to comply with applicable laws effectively & efficiently....

Read More

Direct and Indirect tax updates for 1st March to 15th March 2017

Goods and Services Tax - Application for allotment of Permanent Account Number(PAN) will be filed in SPICe (INC-32) form using Digital Signature of the applicant as specified by the Ministry of Corporate Affairs. After generation of Corporate Identity Number (CIN). MCA will forward data in form 49A to prescribed Income Tax Authority through digital signature. ...

Read More

ITC reversed under mistaken impression – Remedy

Goods and Services Tax - It is well settled law that PAYMENT UNDER MISTAKE OF LAW — MISTAKE DISCOVERED ON NOTICING HIGH COURT DECISION — REFUND IS ALLOWED ...

Read More

VAT Implementation in UAE

Goods and Services Tax - VAT is expected to be introduced IN UAE at a rate of 5% on 1 January 2018, with some limited exceptions including basic food items, healthcare and education....

Read More

VAT / Sales Tax Payable on sale of Flats – Bombay HC

Goods and Services Tax - THE Bombay High Court appears to have served a body blow to realtors in Maharasthra. The HC today dismissed their petition that challenged the applicability of Value Added Tax (VAT) on sale of flats. The builders argued that VAT is not payable on immovable property....

Read More

West Bengal – Entry Tax on Goods – wef 01/04/2012

Goods and Services Tax - 1. The tax rate shall be uniform – ONE per cent on value of goods. 2. No collection of any tax at any checkpost. 3. No question of vehicles being detained anywhere within the local area including checkpost. 4. Self declaration and self assessment of tax....

Read More

Rajasthan – VAT Returns Due date of 2010-11 extended to 30-04-2012

Goods and Services Tax - Due date for submission of all returns for the year 2010-11 under Rule 19 and Rule 19A of the Rajasthan Value Added Tax Rules 2006 has been extended by CCT Rajasthan upto 30-04-2012. ...

Read More

Govt. charging more then Rs. 25 per litre as taxes on Petrol

Goods and Services Tax - About 38 per cent or Rs 26.22 in petrol price of Rs 68.64 a litre in Delhi is because of central and state government taxes. State-owned oil firms had last week hiked petrol price by Rs 1.80 a litre, the fifth increase this year as oil imports became costlier due to fall in rupee value. The new rate is based on a basic price of petrol, wi...

Read More

States to impose VAT on textiles and sugar next year onwards

Goods and Services Tax - Consumers will have to pay more for sugar and textiles as States on Friday decided to impose four-five per cent value added tax (VAT) on sugar and textiles from the beginning of next fiscal. A move that will shore up their state governments revenue, but also stoke inflationary pressures....

Read More

No Reopening of Assessment on the basis of mere Audit Objection: SC

M/s Larsen & Toubro Ltd. Vs State of Jharkhand and Ors. (Supreme Court of India) - The present appeal has been filed against the final judgment and order dated 17.11.2006 passed by the Division Bench of the High Court of Jharkhand at Ranchi in W.P. (T) No. 2630 of 2006 whereby the High Court dismissed the petition filed by M/s Larsen & Toubro Ltd.-the appellant –Company while up...

Read More

Assessee need not continue compounding scheme till completion of work under KVAT Act

KNR Construction Ltd. Vs Commercial Tax Officer (Works Contract) (Kerala High Court) - HC held that The mere fact that petitioner's work, which commenced in previous year, had been compounded for that year would not require continuance under the scheme in subsequent year, for reason of there being no provision available requiring such a continuance....

Read More

Ballasts or boulders or chips are mineral for Sales Tax levy: Orissa HC

State of Orissa Vs M/s. D. K. Construction (Orissa High Court,) - Ballasts or boulders or chips being mineral as per Entry 117 of the taxable list are exigible to tax at the rate of 4% of taxable list. Moreover, the appeal has been purportedly filed before the Tribunal with proper perspective and there is no defect in raising any such plea before it. ...

Read More

NEBULA Watch is Jewellery for levy of VAT in Gujarat

State of Gujarat Vs M/s. Titan Industries Limited (Gujarat High Court) - NEBULA Watch, which is predominantly a jewellery, is made of gold, precious metals and /or precious stones /diamonds and is made of 18 Karat gold. Under the circumstances, the same can be said to be an Article or Jewellery falling within Entry No.13(ii) of Schedule II of the Act....

Read More

No Interest on Sales Tax Refund during Pendency of Re-Assessment Proceedings under Orissa Sales Tax Act, 1947

M/s. Bawa Trading Co Vs Sales Tax Officer and others (Orissa High Court,) - The fact in the instant case is that the assessee has submitted its return, which was assessed, but subsequently it was found that there is some suppression in submission of return so far as it relates to gross turn-over of the assessee and as such, reassessment order has been directed to be initiat...

Read More

Alternative Tax Compliance Scheme 2016 for Contractors in Haryana

Notification No 19/ST-1/ H.A. 6/2003/S.59A/2016 - (12/09/2016) - Governor of Haryana hereby provides for an Amnesty Scheme namely, the Haryana Alternative Tax Compliance Scheme for Contractors, 2016, for the recovery of tax, interest, penalty or other dues payable under the said Act, for the period upto the 31st March, 2014, from such contractors and for such bus...

Read More

Daman VAT: Tax rate enhanced from 4% to 5% w.e.f 14-01-16

Notification No DMN/VAT/Part-File/57-2/2014-15/453 - (14/01/2016) - In union territory of Daman and Diu VAT Rate on Sale / Purchase of Goods mentioned in Third Schedule will be 5 % with effect from 14.01.2016 instead of 4%. Related Notification is as follows :- ...

Read More

Regarding cancellation of registration of VAT dealers who have failed to file their returns

Circular No. 02/2015-16 - Income Tax - (23/06/2015) - It has been observed that substantial number of registered dealers have not filed their returns for the financial years 2012-13 and 2013-14. This may be on account of no business activity by them during these years or the business may have been closed down permanently or the business being conducted...

Read More

Free e-Book on​ AP VAT Act & Rules 2005

NA - Download Free e- Book on Andhra Pradesh (AP) Value Added Tax Act, 2005 – Updated Till 30th April 2015 Download Free e- Book on Andhra Pradesh (AP) Value Added Tax Rules, 2005 – Updated Till 30th April 2015 Rate Schedule Under Andhra Pradesh (AP) Value Added Tax Act, 2005 1. APVAT SCHEDUL...

Read More

Haryana VAT – WCT Rate increased to five percent

Notification No. S.O. 67/HI.A.6/203/S.24/2014 - (20/07/2014) - Please be informed that pursuant to the recent cabinet approvals by the Haryana State Government, the State Government has increased the WCT rate from 4% to 5% pursuant to section 24 of Haryana VAT Act, 2003....

Read More

Recent Posts in "Vat"

United Kingdom (UK) Value Added Tax (VAT) Compliance for Selling Through Amazon FBA

If you sell goods in United Kingdom, it is likely that you will be required to register for Value Added Tax (VAT). VAT in the United Kingdom is a tax on consumer spending....

Read More

No Reopening of Assessment on the basis of mere Audit Objection: SC

M/s Larsen & Toubro Ltd. Vs State of Jharkhand and Ors. (Supreme Court of India)

The present appeal has been filed against the final judgment and order dated 17.11.2006 passed by the Division Bench of the High Court of Jharkhand at Ranchi in W.P. (T) No. 2630 of 2006 whereby the High Court dismissed the petition filed by M/s Larsen & Toubro Ltd.-the appellant –Company while upholding the order dated 27.02.2006 passe...

Read More

VAT on E-Commerce Transactions

E-Commerce is growing fast, or dying slow…!! Today everyone is slowly and gradually coming up online to buy & sell. We as professionals need to add value to our client business by educating them and allowing them to comply with applicable laws effectively & efficiently....

Read More

Direct and Indirect tax updates for 1st March to 15th March 2017

Application for allotment of Permanent Account Number(PAN) will be filed in SPICe (INC-32) form using Digital Signature of the applicant as specified by the Ministry of Corporate Affairs. After generation of Corporate Identity Number (CIN). MCA will forward data in form 49A to prescribed Income Tax Authority through digital signature. ...

Read More

Assessee need not continue compounding scheme till completion of work under KVAT Act

KNR Construction Ltd. Vs Commercial Tax Officer (Works Contract) (Kerala High Court)

HC held that The mere fact that petitioner's work, which commenced in previous year, had been compounded for that year would not require continuance under the scheme in subsequent year, for reason of there being no provision available requiring such a continuance....

Read More

ITC reversed under mistaken impression – Remedy

It is well settled law that PAYMENT UNDER MISTAKE OF LAW — MISTAKE DISCOVERED ON NOTICING HIGH COURT DECISION — REFUND IS ALLOWED ...

Read More

VAT Implementation in UAE

VAT is expected to be introduced IN UAE at a rate of 5% on 1 January 2018, with some limited exceptions including basic food items, healthcare and education....

Read More

Ballasts or boulders or chips are mineral for Sales Tax levy: Orissa HC

State of Orissa Vs M/s. D. K. Construction (Orissa High Court,)

Ballasts or boulders or chips being mineral as per Entry 117 of the taxable list are exigible to tax at the rate of 4% of taxable list. Moreover, the appeal has been purportedly filed before the Tribunal with proper perspective and there is no defect in raising any such plea before it. ...

Read More

NEBULA Watch is Jewellery for levy of VAT in Gujarat

State of Gujarat Vs M/s. Titan Industries Limited (Gujarat High Court)

NEBULA Watch, which is predominantly a jewellery, is made of gold, precious metals and /or precious stones /diamonds and is made of 18 Karat gold. Under the circumstances, the same can be said to be an Article or Jewellery falling within Entry No.13(ii) of Schedule II of the Act....

Read More

GST, Excise, Service Tax, Customs and VAT updates for February 2017

Outcome of GST Council Meeting held on 04th March, 2017--The GST council cleared C-GST and I-GST bills.-Draft SGST law will be circulated among states in the next few days.-1st July, 2017 appeared to be the likely roll out date for GST- Union Finance Minister...

Read More
Page 1 of 1612345...10...Last »

Browse All Categories

CA, CS, CMA (3,306)
Company Law (3,196)
Custom Duty (6,362)
DGFT (3,314)
Excise Duty (3,977)
Fema / RBI (3,109)
Finance (3,275)
Income Tax (24,137)
SEBI (2,644)
Service Tax (3,247)

Search Posts by Date

March 2017
M T W T F S S
« Feb    
 12345
6789101112
13141516171819
20212223242526
2728293031