Goods and Services Tax - Page 838

No Sales Tax on SIM cards – pre-paid and post-paid; recharge coupons; value added services – Andhra Pradesh High Court

Bharati Airtel Ltd. Vs Asst. Commissioner (CT)- II, Begumpet Division & Others (Andhra Pradesh High Court)

Declaration of the law by the Supreme Court, in Bharat Sanchar Nigam Ltd v. Union of India[1], notwithstanding, we are now called upon, in this batch of Writ Petitions, to adjudicate on the jurisdiction of the revisional/ appellate/ assessing authorities to levy tax under Section 4(1) and (8) of the A.P. VAT Act, 2005 (hereinafter referre...

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Supply of goods to offshore installations i.e. EEZ will not be subject to sales tax, especially Central Sales Tax, since EEZ does not form part of territory of India

Larsen & Toubro Ltd Vs Union of India (Gujarat High Court)

Larsen & Toubro Ltd Vs Union of India (Gujarat High Court)- The High Court examined in detail the provisions of the Maritime Zones of India Act, 1976 (MZA) and observed that Union of India had no sovereignty over the EEZ. The Union of India only had certain sovereign rights over the EEZ. The High Court […]...

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The Maharashtra Value Added Tax (Fifth Amd.) Rules, 2011

Notification No. VAT. 1511/C.R.139/Taxation-1 (25/10/2011)

in exercise of the powers conferred by sub-sections (1), (2) and (3) read with the proviso to sub-section (4) of section 83 of the said Act and of all other powers enabling it in this behalf, the Government of Maharashtra hereby, amends the Maharashtra Value Added Tax Rules, 2005, namely....

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MVAT – Amendment to Notification No. VAT.1511/CR-57/Taxation-1 dt. 30th April 2011

Notification No.- VAT 1511/ CR 96/ Taxation 1 (25/10/2011)

In exercise of the powers conferred by sub-section (5) of section 41 of the Maharashtra Value Added Tax Act, 2002 (Mah. IX of 2005), the Government of Maharashtra hereby amends the Government Notification, Finance Department, No. VAT 1511/ C.R.57/ Taxation-1, dated the 30th April 2011, namely...

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‘Input Tax Credit’ Under the Punjab Value Added Tax Act, 2005

Recently the Hon’ble Judges of the Hon’ble Punjab & Haryana High Court has clinched the issue by passing a landmark judgment reported in 40 PHT, page 145 regarding denial of input tax credit by the Assessing Authority on the ground that the dealer from whom the assessee has purchased goods have not deposited full tax in the Government...

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Potato chips classifiable as processed vegetable and taxable at the rate of 4%

M/s Shriya Enterprises Vs Commissioner, Commercial Taxes (Uttarakhand High Court)

Shriya Enterprises Vs. Commissioner,Commercial Taxes - , the court is the opinion that potato chips, being a processed vegetable, is liable to be taxed @ 4 per cent under entry 6 of Schedule-II(B) of the Act. Consequently, the impugned order of the assessing authority, the order of the Joint Commissioner (Appeals) as well as the order of...

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SBI to accept VAT payment from dealers filing half yearly returns in Maharashtra and to remit online to state Govt.

Kindly be informed that as per SBI letter Ref. No. GBD/SCC/974 dtd. 21-09-2011 SBI has agreed to accept payment from half yearly dealers & remit online to Government of Maharashtra. The said letter has been placed on the website of the sales tax department www.mahavat.gov.in and STPAM website www.stpam.org ....

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States to impose VAT on textiles and sugar next year onwards

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....

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Aluminium conductors (Wire) used for power transmission are not electrical goods

CTO, Circle-B, Bhilwara Vs. M/s Amit Conductors (Rajasthan High Court)

CTO, Circle-B, Bhilwara Vs. M/s Amit Conductors (Jodhpur High Court)– Assessing Authority while invoking its power under Section 37 of the Act appears to have been misled, upon a misreading of judgement of Division Bench of this Court in the case of Jaipur Metals & Electrical Ltd. (supra). The said decision of the Division Bench...

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Difference between Tax Invoice and Retail Invoice

Q.1. How many types of invoices would be required to be issued under VAT? A.1. There are two types of invoices that can be issued: Tax invoice Retail invoice Q.2. What is a tax invoice and who will issue it? A.2. Under VAT, tax invoice is a very important document. A registered dealer selling goods […]...

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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.

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