Goods and Services Tax - Page 1031

Bengal Finance (Sales Tax) Act, 1941- Whether show cause notice issued by respondent is illegal and defective?

Supreme Paper Mills Ltd. Vs Asst. Commissioner Commercial Taxes Calcutta & Ors (Supreme Court of India)

whether the show cause notice issued by the respondent is illegal and defective as the same did not provide for a time period of 15 days as prescribed in the statute and also because it did not disclose materials leading to the satisfaction of the concerned authorities justifying the issuance of such a show cause notice- Section 11 E (2) ...

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Delhi VAT rates after Notification

AMENDMENTS IN RATE OF ITEMS WEF 01.04.2010. 1. In the first schedule appended to Delhi value Added tax Act, 2004(Delhi Act 3 of 2005, hereinafter refer to as the “principal Act” (a) The commodity mentioned at S1 no. 73 and 74 shall be omitted. * Commodity No. 73 ;- Bio Inputs bio-fertilizers, Micro-nutrients and Plant growth pr...

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MVAT Notification for Goods notified under sub-entry (a) & (b) of entry 101 of Schedule C

No. VAT. 1510/CR. 47A/Taxation-l (17/03/2010)

No. VAT. 1510/CR. 47A/Taxation- l.—In exercise of the powers conferred by sub-entry (a) of-entry 101 of Schedule C appended to the Maharashtra Value Added Tax Act, 2002 (Mah. IX of 2005), the Government of Maharashtra hereby, with effect from the 1st April 2010, specifies the following goods, more particularly described in the SCHEDULE ...

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Himachal Pradesh VAT notification enhancing basic rate of tax Contacts

The Himachal Pradesh Government has, vide a notification, moved most goods falling under „Part II? of the erstwhile Schedule A and liable to tax at 4% to a newly introduced 'Part II-A' of the said Schedule A. Effective from 29 March, 2010, these goods shall be liable to tax at 5%....

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MVAT circular 14T of 2010 related to changes in rate of tax

Trade Circular No. 14 T of 2010 (31/03/2010)

While presenting the budget for the year 2010-11, Hon. Finance Minister announced that the exemption granted to some essential commodities up to 31-3-2010 would be extended till 31-3-2011 or till the date of implementation of Goods and Services Tax, whichever is earlier. In pursuance of the announcement made by Hon. FM, the Govt. has iss...

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Due date for submission of MVAT Audit report in form 704 extended to 30th April 2010

Trade Circular No. 13T of 2010 (31/03/2010)

The Finance Department, Government of Maharashtra has examined and considered the request for extension of due date for submission of Audit Report. Accordingly, it has been decided to extend the due date for submission of the Audit Report in Form 704 for the period 2008-09 from 31st March 2010 to 30th April 2010....

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Delhi government withdrawn four percent value-added tax (VAT) on cooking gas

Following criticism and pressure from the Opposition, Sheila Dikshit-led Delhi government today withdrew a four-per-cent value-added tax (VAT) on cooking gas, resulting in a Rs 12-13 relief to consumers. The Delhi government, however, did not roll back the withdrawal of the Rs-40 subsidy on LPG cylinders. The government also withdrew the ...

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Notification for Amendment to Schedule A, C & D of MVAT Act, 2002

Notification No. VAT.l&09/CR-156/Taxation-l (30/03/2010)

In entry 9A, in column (2), for the figures, letters and word " 31st March 2010 " the figures, letters and words "31st March 2011 or the date on which the Goods and Services Tax Act comes into force, whichever is earlier " shall be substituted.(2) in entry 51, in column (2), for the figures, letters and word " 31st March 2010 " the figure...

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Amendment to MVAT Notification CR-118 dated 01/06/2005

Notification No. VAT.1509/CR- 156A/Taxation- 1 (30/03/2010)

In exercise of the powers conferred by clause (b) of entry 81 of SCHEDULE C appended to the Maharashtra Value Added Tax Act, 2002 (Mah. IX of 2005), the Government of Maharashtra hereby amends with effect from the 1st April 2010, the Government Notification, Finance Department, No.VAT.1505/ CR-118/Taxation- 1, dated the 1st June 2005, as ...

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Highlights of Maharashtra Budget 2010-11 and text of Budget Speech

This Financial Year began on the backdrop of economic recession. Lower tax receipts were expected due to global recession. Even the Central Government had reduced its target of tax receipts. Considering this situation, the tax receipt target for 2009-20 10 of the Sales Tax Department was fixed at Rs. 3 1,346/- Crore. I am happy to inform ...

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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.