Goods and Services Tax - Page 301

VAT unconstitutionally paid eligible for refund: P & H HC

M/s Idea Cellular Ltd. Vs Union of India and others (Punjab & Haryana High Court)

The Petitioner, M/s Idea Cellular Ltd., paid the VAT on the transactions of activation of SIM cards, since earlier in case of State of UP v. Union of India, Supreme Court held the activity of activation of SIM cards as exigible to VAT....

Read More

What’s new in MVAT

Arjuna, ss per the various conditions and financial situations in the state, the Maharashtra Government makes changes in VAT Law time to time. Changes are implemented through Notification, Circulars, etc after the Finance bill is passed and accordingly taxpayer has to follow laws....

Read More

Delhi VAT- Due date for Form 9 for year 2013-14 extended to 30th June, 2015

30 of 2014-15 (31/03/2015)

In exercise of the powers conferred upon me by first proviso to sub-rule (3) of Rule 4 of Central Sales Tax (Delhi) Rules, 2005 I, Sanjeev Khirwar, Commissioner, Value Added Tax, do hereby allow to file Form 9 for the year 2013-14, prescribed under the said Rules upto 30th June, 2015....

Read More

Delhi VAT- Form DP-1 filing date extended to 30/06/2015

No.F.3(352)Policy/VAT/2013/936-947 (31/03/2015)

I, Sanjeev Khirwar, Commissioner, Value Added Tax, Government of National Capital Territory of Delhi, in exercise of the powers conferred on me by sub-section(1) read with sub-section (2) and (3) of section 70 and sub-section (2) of section 59 of Delhi Value Added Tax Act, 2004, notify that the Form DP-1 shall be submitted online by all t...

Read More

An Attempt to Simplify E-I E-II Sales under Central Sales Tax Law

What is E-I E-II Sales: Before starting this article is it is important to explain the meaning of E-I and E-II sales. As per CST law tax is levied at single point i.e. when the goods are sold from Haryana to Delhi then tax should be levied in Haryana only even if the goods are sold further during their movement from Haryana to Delhi subje...

Read More

Tamil Nadu Budget 2015-16 Changes in VAT

In order to boost the manufacturing sector bogged down by negative sentiments, the State Government has come forward with some relief in electricity tax, and reversal on Input Tax credit when stocks are moved out of State in pursuance of stock transfer, interstate sales etc., in the budget presented on 25.03.2015 in the TN State Assembly...

Read More

Sodexo meal vouchers are utility goods- Octroi & LBT can be levied

Sodexo SVC India Private Limited. Vs The State of Maharashtra and Others (Bombay High Court)

The Petitioner Company is conducting a business of providing pre­printed Sodexo Meal Vouchers (For short “the said Vouchers”). The case made out in the Petitions is that the Petitioner Company enters into a contract with its customers for issuing the said vouchers....

Read More

An Overview to Maharashtra Budget 2015-16

Finance Minister Shri.Sudhir Mungantiwar of BJP government Maharashtra has presented his very first budget on Wednesday, 18’Th March 2015.State government of Maharashtra has presented budget on the lines of the Central government’s Budget. Following are some key highlights of the Budget 2015-16:...

Read More

Shri M.Venkaiah Naidu favours a share of GST revenue for urban local bodies

PPP model may have not done well but it shall succeed for effective urban interventions, says Shri Naidu Huge urban fiscal gap with annual per capita income of ULBs-Rs.1,430, expenditure-Rs.6,030 Minister of Urban Development Shri M.Venkaiah Naidu has favoured a share of GST(Goods and Services Tax) revenue for the municipalities across th...

Read More

MVAT- Relief to Developers and Assessment of refund claim in return

Internal Circular No. 4 A of 2015 (24/03/2015)

In the event of a developer submitting application for administrative relief along with proof of payment of compounding fee and taxes with returns for the un-registered period, the order of granting the administrative relief to be passed by the concerned Joint Commissioner within two days without calling the developers for hearing....

Read More
Page 301 of 426« First...102030...299300301302303...310320330...Last »

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.