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Goods and Services Tax : The article explains how GST composition scheme, exemption rules, and time of supply provisions work in practice. It highlights co...
Goods and Services Tax : The GST Invoice Management System (IMS) promises stronger ITC reconciliation, fraud prevention, and invoice-level transparency. Ho...
Goods and Services Tax : The article examines how denying ITC to genuine buyers due to supplier tax default creates constitutional and commercial concerns ...
Goods and Services Tax : This article discusses GST compliance for service providers eligible for the QRMP scheme up to ₹5 crore turnover. It clarifies w...
Goods and Services Tax : The article discusses how GST authorities are increasingly reversing ITC based on upstream NGTP allegations without proving fraud ...
Goods and Services Tax : Representation addressed to Union Finance Minister, GST Council and CBIC seeks legislative and administrative relief for bona fide...
Goods and Services Tax : Persistent technical issues prevented users from accessing the portal and completing filings. The representation seeks urgent fixe...
Goods and Services Tax : Authorities uncovered fraudulent ITC claims based on fake invoices without actual supply of goods or services. The accused was arr...
Goods and Services Tax : The representation highlights ambiguity in whether the ₹2.5 crore ITC threshold should be annual or cumulative. It emphasizes th...
Goods and Services Tax : Authorities arrested the key accused for orchestrating fake ITC claims and fictitious export transactions. The case highlights str...
Goods and Services Tax : The Bombay High Court held that rejection of a manual GST appeal was unsustainable where DRC-07 was not available on the GST porta...
Goods and Services Tax : Gauhati High Court held that cancellation of GST registration without assigning reasons in FORM GST REG-19 was illegal and violate...
Goods and Services Tax : Bombay High Court held that GST proceedings initiated against a company that had ceased to exist after amalgamation were void ab i...
Goods and Services Tax : Bombay High Court observed that payments made while search proceedings are continuing may not automatically qualify as voluntary d...
Goods and Services Tax : The Kerala AAR held that advance ruling applications cannot be based on hypothetical scenarios or academic questions. The Authorit...
Goods and Services Tax : The GST Appellate Tribunal issued a detailed order constituting benches across India and classifying GST disputes into three categ...
Goods and Services Tax : The Principal Bench of GSTAT instructed scrutiny officers not to raise defects where appellants upload required soft copy document...
Goods and Services Tax : The Central Government amended Notification No. 14/2018-UT Tax by replacing officials listed against Serial No. 2. The notificatio...
Goods and Services Tax : The Central Government has authorized the GSTAT Principal Bench, New Delhi, to hear appeals under Section 101B of the CGST Act. Th...
Goods and Services Tax : The data highlights a sharp increase in GST collections driven by import-related IGST. It confirms strong revenue performance and ...
The Department had introduced the facility of online registration under DVAT/CST Act with effect from 01/04/2013. The process involves pre-verification from VATI by visiting the business premises and obtaining signed copy of registration application with all relevant documents before granting the registration.
This is in continuation of circular No.VAT Audit/HQ/2013-14/2406-2413 dated 02-07-2013 vide which it was clarified that the audit of business affairs of the dealers having GTO more than Rs.10 Crore for the year 2012-13 may be conducted after 15-11-2013 i.e. after submission of audit report for the year 2012-13 in Form AR-1.
Many a times I receive queries on a common problem faced by many dealers all over India that what to do when the interstate purchaser of goods refuses or does not issue the requisite C forms after purchasing the goods at concessional rate of CST @ 2%.
The process of offline payment of tax, interest and penalty or any other amount due under the Act. The challan will be filled up on the department’s website (http://www.dvat.gov.in) both for physical/offline and epayment/online . For physical payment/offline payment, the dealer will present the challan having unique ID, printed from the department’s website and make the payment in cash or through cheque. The detailed process of physical/offline as well as e-payment/online is available on department’s website.
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, do hereby notify the revised Form DP-1, which is annexed with this notification. Further, the DP- 1 shall be submitted by the dealers as per following revised schedule:
Atul Kumar A. PT/VAT/CST 1) Date on which Turnover limit exceeded [not required in case of Voluntary Registration] 1. Sales 1. Date of Sale 2. Bill No. 3. Name & Address of the vendor 4. Name of Commodity 5. Amount (Rs.) 2. Purchases 1. Date of Sale 2. Bill No. 3. Name & Address of […]
Initially when section 3-F was introduced transactions covered under section 3,4 and 5 of the Central Sales Tax Act have not been excluded. Thus the provisions has been declared Ultra virus by the Division bench decision of this court in the case of V K Singhal vs. State of UP reported in 1995 NTN (Vol. 6) 17; 1995 UPTC 337. Section 3-F of the U.P Trade Tax Act under which the assessments were made, was amended and a new Section 3-F was substituted by Act 31 of 1995 with retrospective effect from 13th September, 1985.
Andhra Pradesh High court in Prathista Industries Limited vs Commercial tax Officer [2013] 61 VST 58 (AP) has held that Authority for advance ruling under State VAT Act cannot act as Authority for Advance Ruling under Central sales Tax Act, 1956.
the dealers whose turnover exceeded Rs.10 Crore during 2012-13 shall have to file audit report in Form-AR-1 upto 15-11-2013. Therefore, all the officers of VAT Audit Branch, KCS Branch, Spl. Zone Branch and other Wards are advised to carry out the audit of the business affairs of the dealers having GTO more than Rs.10 Crore for the year 2012-13 after 15-11-2013. However, audit for period prior to 2012-13 can continue as per the notice issued.
R. Kumar, B.Com. MBA (Finance) VAT/SALES TAX CLAUSES VAT/Sales Tax clauses form an important part of sales documentation viz. offer, quotation, order confirmation, Invoices, Purchase Order etc. VAT/Sales tax being an indirect tax is statutorily eligible to be passed on to the customer. However, unless customer is also bound contractually, it will be difficult to […]
