Goods and Services Tax - Page 989

Cheers! Mvat rate on wine in Maharashtra reduced to 4%

Maharashtra government has given into the demand from various quarters including farmers and slashed the VAT back to 4% from the recent increase to 25% while the imported wines will attract the duty of 20% instead of 25%. The decision was taken at a special cabinet meeting convened Wednesday in Nashik. A decision was also taken […...

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Waiver of penalty in certain cases for non-filing of return within prescribed time

Trade Circular No. 21 T of 2009 (04/07/2009)

I am glad to inform the Hon'ble members that Maharashtra is the first State to get tax returns in large numbers electronically from all dealers. The dealers, the trade associations and tax practitioners have greatly contributed to this and deserve to be congratulated....

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Mvat Notification for Adding Entries to Medical Devices Notification

Notification No. VAT- 1509/CR-.81- C/Taxation- 1 (29/06/2009)

Mantralaya, Mumbai 400 032, dated the 29th June 2009. NOTIFICATION Maharashtra Value Added Tax Act, 2002. No. VAT- 1509/CR-.81- C/Taxation- 1 — In exercise of the powers conferred by sub-entry (8) of entry 107 of SCHEDULE ‘C’ appended to the Maharashtra Value Added Tax Act, 2002 (Mah IX of 2005) the Government of Maharashtr...

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No MVAT on Sales by a registered dealer to the Department of Space ,of goods used in Satellite Launch System

Notification No.VAT-1509/ CR-81-A/Taxation -1 (29/06/2009)

FINANCE DEPALRTMENT Mantralaya, Mumbai 400 032, dated the 29th June 2009 ORDER Maharashtra Value Added Tax Act, 2002. No.VAT-1509/ CR-81-A/Taxation -1. -In exercise of the powers conferred by sub-section (5) of section 8 of the Maharashtra Value Added Tax Act. 2002 (Mah. IX of 2005), the Government of Maharashtra hereby amends with effe...

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Mvat Notification for Change in Rate & Condition for Composition Scheme of Restaurants

Notification No.VAT 1509/C.R.81- D/Taxation- 1 (29/06/2009)

The claimant dealer shall apply in Form -2 in respect of caterers and in Form —1 in case of other dealers referred to in column (2) of this entry, to the Joint Commissioner of Sales Tax (Registration) in case of the dealers in Mumbai and in other cases, to the Joint Commissioner of Sales Tax (VAT Administration) concerned....

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Notification for Solar energy devices under the Maharashtra Value Added Tax Act, 2002

Notification No. VAT 1509/CR.81-B (1)/Taxation 1 (29/06/2009)

In exercise of the powers conferred by entry 56 of SCHEDULE 'A' appended to the Maharashtra Value Added Tax Act, 2002 (Mah. IX of 2005), the Government of Maharashtra hereby specifies with effect from the 1st July 2009, the following Solar energy devices, for the purposes of the said entry, namely....

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Provision amended in Budget related to Profession Tax, Bombay Stamp Duty Act, and Bombay Motor Vehicle Tax Act applicable w.e.f. 01.07.2009

Notification No. VAT 1509/ C.R. 78/ Taxation-1 (29/06/2009)

In exercise of the powers conferred by clause (a) of sub-section (2) of section 1 of the Maharashtra Tax Laws (Levy, Amendment and Validation) Act, 2009 (Mah. XVII of 2009), the Government of Maharashtra hereby appoints the 1st July 2009 to be the date on which sections 1, 2, 3 and 4 of the said Act shall come into force....

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MVAT Trade Cir – 20T of 2009 – Grant of Administrative Relief to unregistered dealer

Trade Circular No. 20 T of 2009 (23/06/2009)

The powers for grant of Administrative Relief in respect of Acts administered by the Sales Tax Department mentioned in the Government Resolution referred to at Sr.No.2 above were delegated by the Commissioner of Sales Tax to the authorities vide Trade Circular No.68T of 2007 dated 26/11/2007 and Trade Circular No.14T of 2009 dated 18/4/20...

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The Maharashtra Tax Laws (Levy, Amendment and Validation) Bill, 2009 passed in 2009 Mahrashtra Government Budget

L.A.BILL No.XIV of 2009 A BILL Further to amend certain tax laws in operation in the State of Maharashtra WHEREAS it is expedient further to amend certain tax laws in operation in the State of Maharashtra, for the purpose hereinafter appearing; it is hereby enacted in the Sixtieth year of the Republic of India as […]...

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Circular on Validity of Form ‘I’ under Central Sales Tax Act

Trade Circular No. 19 T of 2009 (20/06/2009)

Considering the genuine difficulty faced by the Trade in this respect, the instructions contained in Trade Circular No.8T of 2005 are being modified. Sales Tax authorities are instructed to also allow declarations in Form 'I' issued by Sales Tax authorities of other States. This will be applicable for a period of one year and the issue wi...

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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.