Advocate Amit Bajaj Section 27 of the Punjab VAT Act, 2005 has been amended to enhance the rate of Works Contract Tax i.e tax to be deducted from payments made to contractors and sub-contractor, from 5% to 6%. Now after the above amendment rate of WCT will be 6% under Punjab VAT Act, 2005.
Mr. Vimal Gupta, Advocate for appellant revenue contends that the amount of Rs. 8.65 lacs being the difference between Rs. 80.00 lacs shown in the seized document and Rs. 71.35 lacs shown in the document evidencing to purchase of Candy House property represents unexplained cash paid by the respondent for purchase of the Candy House and has to be added as her undisclosed income. It is his submission that it was for the respondent to discharge the onus on her to explain the noting found during the search of the premises which indicated Rs. 80.00 lacs as the value of the Candy House property. In view of the failure of the respondent to discharge the burden an amount of Rs. 8.65 lacs has to be added as undisclosed income of the respondent Mr. Subhash Shetty learned counsel for the respondent supports the order.
Sub-rule (1) of Rule 67 of the Delhi Value Added Tax Rules, 2005 and Rule 4 of the Central Sales Tax(Delhi) Rules, 2005 for furnishing of reconciliation return in Form DVAT-51; and,
In the trade circles, there is some confusion with regard to the last date for filing of application in Form WC 01 under the new Composition Scheme, by the dealers who were not under composition scheme and were paying tax under Section 3 of the DVAT Act, 2004, during the last financial year.
THREE YEARS RIGOROUS IMPRISONMENT TO THEN SUPERINTENDENT OF CENTRAL EXCISE IN A BRIBERY CASE The Special Judge for CBI, Mumbai has convicted Shri Vilas Prabhakar Narkar, then Superintendent (Preventive) Central Excise, Thane-I Commissionerate Dadar, Mumbai and sentenced him to undergo three years Rigorous Imprisonment with fine of Rs. 10,000/- in a bribery case.
seeks to extend the levy of anti-dumping duty imposed vide notification No. 127/2008-Customs, dated the 3rd December, 2008 on imports of ‘Sulphur Black’, originating in, or exported from, People’s Republic of China for a further period of one year i.e. upto and inclusive of 10th April, 2014
Whereas, the designated authority vide notification No. 15/1009/2012-DGAD, dated the 23 rd March, 2013, published in the Gazette of India, Extraordinary, Part I, Section 1 dated the 23 rd March, 2013, has initiated review
