Income Tax : A person is required to get his accounts audited u/s 44AB if turnover of business exceeds Rs 100 Lakhs , or In case of Profes...
Goods and Services Tax : List of documents required for registration under 1. MVAT Act, 2002-FORM 101 2. CST Act, 1956-CST FORM A 3. Maharashtra State Tax ...
Goods and Services Tax : Luxury tax can mostly be seen in the usage bills of hotels, spas and specific resorts. It is chargeable on the room rented or the ...
Goods and Services Tax : Tax Calendar for filing of Return And payment of taxes under (MVAT ACT) in the State of Maharashtra 1. MONTHLY Sr. No. Month Due D...
Goods and Services Tax : Deputy Chief Minister of Delhi Manish Sisodiya presented the Annual Budget for 2016-17 in Assembly on 28.03.2016 and rationalises...
Goods and Services Tax : Waiver of Late Fee for late filing of VAT and CST returns in Maharashtra The Trade has represented that many technical difficultie...
Income Tax : Union Tourism Minister Subodh Kant Sahay will meet Prime Minister Manmohan Singh tomorrow to seek his intervention in reducing tax...
Goods and Services Tax : The commercial taxes department has conducted 298 raids from April to November this year. These statistics were placed before the ...
Goods and Services Tax : The Centre has turned down the proposal of the empowered group of state finance ministers to keep alcohol out of goods and service...
Service Tax : The recent notification of the Central Government to reduce service tax and excise duty by two per cent is not expected to come to...
Goods and Services Tax : The Court held that an Ayurvedic treatment centre must be classified as a hospital, not a hotel, for the relevant years. The luxur...
Corporate Law : Kerala High Court rules Occupancy Certificate isn't the sole basis for building tax. Authorities can re-measure plinth area for lu...
Corporate Law : Supreme Court affirms Kerala's power to tax cable TV as a luxury under Entry 62, List II, clarifying no conflict with central serv...
Goods and Services Tax : Kerala High Court rules Ayurvedic resort's facilities liable for luxury tax, stating Ayurvedic treatment is incidental to the reso...
Goods and Services Tax : While hearing the case between Tvl. Hotel Peacock vs. The Commercial Tax Officer, Madras High Court proclaimed in its recent order...
Goods and Services Tax : TRADE CIRCULAR Mumbai, Dt.25.03.2009, No.LTR-2009/ 1/Adm-29/ B-139 , Trade Cir. No. 11 T of 2009 Sub: Luxury T...
The Hon’ble Kerala HC in the above cited case held that exempting cable operators from luxury tax while making DTH operators to pay the same is a case of discriminatory levy of luxury tax merely because of technological differences in the system of deliveryof entertainment in both the services.
Tax Calendar for filing of Return And payment of taxes under (MVAT ACT) in the State of Maharashtra 1. MONTHLY Sr. No. Month Due Dat Sr. No. Month Due Date. 1 April 21st May 7 October 21st November 2 May 21st June 8 November 21st December 3 June 21stJuly 9 December 21stJanuary 4 July 21stAugust […]
Deputy Chief Minister of Delhi Manish Sisodiya presented the Annual Budget for 2016-17 in Assembly on 28.03.2016 and rationalisesd VAT and Other Duties which may result in reduction in prices of readymade garments, shoes, watches and electric and hybrid vehicles. In this Article we have covered Highlights of Changes related to Taxes/ Duties and Extract of his Budget Speech related to Changes in Tax and Duty Structure.
Arjuna, there is a very beautiful relation between Black color and Tax Evasion. After the new government has come into force, Respected Finance Minister has given special focus on tax evasion. This means that the person engaged in tax evasion would be colored black.
Maharashtra Government has presented its Budget for 2016-17 on 18th March 2016. We are presenting proposed Changes in Computerization in Sales Tax Department, Amendments to the Value Added Tax Act, Entry Tax, Profession Tax, Sugarcane Purchase Tax, Motor Vehicle Tax, Lottery Tax, Composition Scheme,Changes to set off rules and Amnesty Scheme.
Part I: Profession Tax 1. In case of late registration for Profession Tax penalty will be restricted to 3 years instead of earlier 8 years. 2. Exemption to armed personnel of CRPF & BSF. 3. No late filing fee for Government aided educational institutions. Part II: Amnesty Scheme under VAT for disputed dues: 1. For […]
To apply for new ‘Luxury Tax registration’ in the state of Punjab the below documents are needed to submit in concerned district office front window by the dealer who is applying for new Luxury Tax Registration:- 1. If applying under Constitution of Business ‘A body incorporated under the Indian company act) the following documents will be […]
While great activity being done by Central & Maharashtra State Government for the success of Make in India & Ease of doing business Initiatives, an unintended hardship seems to have been placed on manufacturers in Maharashtra through a Budget 2015-16 provision for levy of entry tax on iron and steel goods purchased from outside the State of Maharashtra.
1. Local Body Tax- Local Body tax is proposed to be abolished from 1st August, 2015 and the loss of revenue due to the abolishment shall be compensated by enhancing the rate of Value Added Tax. 2. Entry Tax- Entry Tax at 5% is proposed to be levied on import of Long Steel.
Rajasthan government has introduced an amnesty scheme related to the outstanding demand of Entry Tax vide Notification No. F.12(17)FD-Tax-2015-240 Dated-18.03.2015, where the dealer/ person can save the interest and penalty on the taxes imposed by the government.
