Advocate Varun Chadha

GST- Composition Levy- Think twice before opting

Goods and Services Tax - Concept of Composition levy is prevailing under the current Central Excise as well as under the State VAT Laws. The same has been continued under the new GST regime but with various changes which are discussed in this article....

GST Transition: Carry forward of ITC on Stock held on appointed day

Goods and Services Tax - Carry forwarding of existing ITC of the stock held on the appointed day is the first basic step that a business house needs to look into for a smooth transition into the GST regime. As the clock is ticking understanding the Transition Provisions and their implementation thereon is of the prime importance....

GST Transition: Goods Received/ Returned after Appointed day

Goods and Services Tax - Understanding the transition provisions are of prime importance as the same would help in the smooth transition to the New GST Regime. Certain situations such as return of goods sold, receiving of the goods after appointed day, change in price of goods/ services can arise during the transition phase. Some of them are discussed in this Art...

GST Transition- Input Tax Credit of Excise Duty to VAT Dealers

Goods and Services Tax - The First step towards the transaction of GST will be the carry forwarding of the Inputs held in stock on the appointed day and its quantification thereof. Sections 139 to 142 of the GST Act, 2017 deals with transition provisions....

Input Tax Credit on Composite production of Taxable/Tax Free goods under PVAT Act, 2005

Goods and Services Tax - Section 13 of the PVAT Act, 2005 provides for the entitlement of Input Tax Credit on the purchases made by a Taxable Person subject to such Conditions as may be prescribed. However when a person uses taxable goods for the production of both taxable and tax free goods Section 13(5) & Rules 23 & 24 of the PVAT Rules, 2005 comes into play....

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No penalty u/s Sec. 51 of PVAT for non-generation of E-ICC information

M/s Katyal and Co. Vs The State of Punjab (Punjab VAT Tribunal) - In the present case the goods were detained by the officers of Mobile Wing Fazilka and penalty was imposed for non generation of e-ICC. The appellant in the appeal contended that the server of the department was non functioning properly and in the given circumstances the appellant was left with no a...

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Recent Posts in "Advocate Varun Chadha" | Total 8 Posts

GST- Composition Levy- Think twice before opting

Concept of Composition levy is prevailing under the current Central Excise as well as under the State VAT Laws. The same has been continued under the new GST regime but with various changes which are discussed in this article....

Posted Under: Goods and Services Tax | Articles

GST Transition: Carry forward of ITC on Stock held on appointed day

Carry forwarding of existing ITC of the stock held on the appointed day is the first basic step that a business house needs to look into for a smooth transition into the GST regime. As the clock is ticking understanding the Transition Provisions and their implementation thereon is of the prime importance....

Posted Under: Goods and Services Tax | Articles

GST Transition: Goods Received/ Returned after Appointed day

Understanding the transition provisions are of prime importance as the same would help in the smooth transition to the New GST Regime. Certain situations such as return of goods sold, receiving of the goods after appointed day, change in price of goods/ services can arise during the transition phase. Some of them are discussed in this Art...

Posted Under: Goods and Services Tax | Articles

GST Transition- Input Tax Credit of Excise Duty to VAT Dealers

The First step towards the transaction of GST will be the carry forwarding of the Inputs held in stock on the appointed day and its quantification thereof. Sections 139 to 142 of the GST Act, 2017 deals with transition provisions....

Posted Under: Goods and Services Tax | Articles, Featured

No penalty u/s Sec. 51 of PVAT for non-generation of E-ICC information

M/s Katyal and Co. Vs The State of Punjab (Punjab VAT Tribunal) -

In the present case the goods were detained by the officers of Mobile Wing Fazilka and penalty was imposed for non generation of e-ICC. The appellant in the appeal contended that the server of the department was non functioning properly and in the given circumstances the appellant was left with no alternative then to send the goods withou...

Posted Under: Goods and Services Tax | Judiciary

Input Tax Credit on Composite production of Taxable/Tax Free goods under PVAT Act, 2005

Section 13 of the PVAT Act, 2005 provides for the entitlement of Input Tax Credit on the purchases made by a Taxable Person subject to such Conditions as may be prescribed. However when a person uses taxable goods for the production of both taxable and tax free goods Section 13(5) & Rules 23 & 24 of the PVAT Rules, 2005 comes into play....

Posted Under: Goods and Services Tax | Articles

Legality of Single Stage Taxation under the Punjab Value Added Tax Act, 2005

On 01-04-2005 Government of Punjab introduced Punjab Value Added Tax Act, 2005 (in PVAT Act, 2005) by abolishing the Punjab General Sales Tax Act, 1948. As the name suggests it’s a tax charged on portion of Value Addition at each stage. At each stage, tax calculated on sales (Outputs) and vendors are able to claim tax credits to recover...

Posted Under: Goods and Services Tax | Articles

Input Tax Credit on Liquefied Petroleum Gas used by Hotels/ Restaurants under PVAT Act, 2005

Now a day’s cooking of foods products by the Hotel Industry/ Restaurants are mostly done with the help of Liquefied Petroleum Gas. Liquefied Petroleum Gas is the major ingredient used for converting raw food into final product. However the Excise & Taxation Department is disallowing Input Tax Credit on the purchase of Liquefied Petroleu...

Posted Under: Goods and Services Tax | Articles