Vat

GST, Excise, Service Tax, Customs & VAT updates for April 2017

Goods and Services Tax - Rule – making has gained momentum and CBEC has released several draft rules like draft accounts & records rules, draft assessment & audit rules, draft appeals & revision rules, draft advance rulings rules and draft-way bill rules....

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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....

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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....

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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. ...

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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 ...

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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....

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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....

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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. ...

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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...

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States to impose VAT on textiles and sugar next year onwards

Goods and Services Tax - Click here to join Online GST Certification Course Jointly by GST Professionals & Taxguru.in 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 […]...

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SC Upheld validity of MVAT (Levy, Amendment and Validation) Act, 2009

Eurotex Industries and Exports Limited Vs State of Maharashtra & Anr. (Supreme Court of India) - SC upheld constitutional validity of the Maharashtra Value Added Tax (Levy, Amendment and Validation) Act, 2009 which amended certain provisions in the Maharashtra Value Added Tax Act, 2002 (MVAT Act) with retrospective effect from April 01, 2005. ...

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No VAT under Telangana VAT Act, 2005 on transfer of a business as a whole

M/s. Paradise Food Court Vs. State of Telangana (Andhra Pradesh High Court) - Click here to join Online GST Certification Course Jointly by GST Professionals & Taxguru.in  A careful look at the reason for Rule 36 being inserted, which cannot be correlated to anyone of the matters enumerated in Clauses (a) to (r) of sub-section (2) of Section 78, will show that in the ent...

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UP VAT Registration cannot be denied for mere wrong Input Tax Credit claim

Sevak Enterprises Vs Commissioner, Commercial Tax (Allahabad High Court) - Justice Ashwani Kumar Mishra of Allahabad High Court held that, wrongful claim of Input Tax Credit (ITC) would not constitute sufficient ground for cancellation of registration of a dealer under UP Value Added Tax Act....

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Reopening for mere Mismatch Found with Dept Website not valid

M/s. JKM Graphics Solutions Private Limited Vs The Commercial Tax Officer (Madras High Court) - The respective Assessing Officers, either by themselves or on instructions from the Enforcement Wing officials have stated that there is mismatch of the details, disclosed in the returns compared with the details available with the Department....

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4% KVAT applicable on Iron and Steel used in construction of building

The State of Karnataka v/s M/s. Sai Sudheer Constructions (High Court of Karnataka) - Iron and Steel purchased by the respondent - assessee and used in the execution of the civil works contracts of the construction of the buildings, remains Iron and Steel as declared goods under the provisions of Section 14 of the Central Sales Tax Act, 1956 and therefore are taxable only at the conc...

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Himachal Pradesh Value Added Tax (Fifth Amendment) Rules, 2017

Notification No. EXN-F-(10)-15/2016 - (29/04/2017) - In Rule 50 of the Himachal Pradesh Value Added Tax Rules 2005, in sub- rule (3) and in para No. 6 of the application Form L- 2 for the words twenty five, the word thirty, shall be constituted...

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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...

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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 :- ...

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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...

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

NA - Click here to join Online GST Certification Course Jointly by GST Professionals & Taxguru.in 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 3...

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Recent Posts in "Vat"

Himachal Pradesh Value Added Tax (Fifth Amendment) Rules, 2017

Notification No. EXN-F-(10)-15/2016 (29/04/2017)

In Rule 50 of the Himachal Pradesh Value Added Tax Rules 2005, in sub- rule (3) and in para No. 6 of the application Form L- 2 for the words twenty five, the word thirty, shall be constituted...

Read More

SC Upheld validity of MVAT (Levy, Amendment and Validation) Act, 2009

Eurotex Industries and Exports Limited Vs State of Maharashtra & Anr. (Supreme Court of India)

SC upheld constitutional validity of the Maharashtra Value Added Tax (Levy, Amendment and Validation) Act, 2009 which amended certain provisions in the Maharashtra Value Added Tax Act, 2002 (MVAT Act) with retrospective effect from April 01, 2005. ...

Read More

No VAT under Telangana VAT Act, 2005 on transfer of a business as a whole

M/s. Paradise Food Court Vs. State of Telangana (Andhra Pradesh High Court)

Click here to join Online GST Certification Course Jointly by GST Professionals & Taxguru.in  A careful look at the reason for Rule 36 being inserted, which cannot be correlated to anyone of the matters enumerated in Clauses (a) to (r) of sub-section (2) of Section 78, will show that in the entire Telangana VAT Act, […]...

Read More

GST, Excise, Service Tax, Customs & VAT updates for April 2017

Rule – making has gained momentum and CBEC has released several draft rules like draft accounts & records rules, draft assessment & audit rules, draft appeals & revision rules, draft advance rulings rules and draft-way bill rules....

Read More

UP VAT Registration cannot be denied for mere wrong Input Tax Credit claim

Sevak Enterprises Vs Commissioner, Commercial Tax (Allahabad High Court)

Justice Ashwani Kumar Mishra of Allahabad High Court held that, wrongful claim of Input Tax Credit (ITC) would not constitute sufficient ground for cancellation of registration of a dealer under UP Value Added Tax Act....

Read More

Reopening for mere Mismatch Found with Dept Website not valid

M/s. JKM Graphics Solutions Private Limited Vs The Commercial Tax Officer (Madras High Court)

The respective Assessing Officers, either by themselves or on instructions from the Enforcement Wing officials have stated that there is mismatch of the details, disclosed in the returns compared with the details available with the Department....

Read More

4% KVAT applicable on Iron and Steel used in construction of building

The State of Karnataka v/s M/s. Sai Sudheer Constructions (High Court of Karnataka)

Iron and Steel purchased by the respondent - assessee and used in the execution of the civil works contracts of the construction of the buildings, remains Iron and Steel as declared goods under the provisions of Section 14 of the Central Sales Tax Act, 1956 and therefore are taxable only at the concessional rate of 4% and not at 13% rate ...

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No penalty u/s Sec. 51 of PVAT for non-generation of E-ICC information

M/s Katyal and Co. Vs The State of Punjab (Punjab VAT Tribunal)

In the present case the goods were detained by the officers of Mobile Wing Fazilka and penalty was imposed for non generation of e-ICC. The appellant in the appeal contended that the server of the department was non functioning properly and in the given circumstances the appellant was left with no alternative then to send the goods withou...

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LLPs to follow law relevant to Partnership Firms for KVAT Registration

M/s. Hannah career excellence LLP Vs the commercial tax officer (Kerala High Court at Ernakulam)

The petitioner is aggrieved with the fact that Ext.P6 communication has been issued to the petitioner under the Limited Liability Partnership Act, 2008 (for brevity the LLP Act), which according to the petitioner, they are not obliged to comply with....

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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
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