Rakesh Garg

Real Estate Builders and GST in India: Issues regarding Rate of GST

Goods and Services Tax - It may be noted that the GST Act has, instead of providing a mechanism for valuation of land involved in the composite works contract and to reduce the same from the gross consideration, specified reduced tax rate of 12%. It implies that the legislature has assumed the value of land as 33% of the total consideration....

Read More

State VAT & CST on E-Commerce Transactions

Goods and Services Tax - A significant number of web sites, such as, Amazon.in, Flipkart.com, Snapdeal.com, eBay.in, etc., are engaged in E-Commerce (E-Com., in short) activities in India. The two major forms of E-Commerce are Business-to-Consumer (B2C) and Business-to-Business (B2B). While most of the companies cater mainly to consumers, the other companies migh...

Read More

Receipt of Credit Notes from Seller – Impact on Tax Credit of Purchaser under Delhi VAT Act

Goods and Services Tax - Delhi, being the trading centre, issuance of credit notes in respect of discounts and incentives by the sellers to the buyers is a common marketing phenomenon. Where the consideration as per the original sale bill is reduced due to offer of discount, incentives, etc., credit note is issued by the seller to the purchaser. ...

Read More

Amendments in the Composition Scheme for Works Contract Dealers under Delhi VAT

Goods and Services Tax - The composition scheme, notified vide No. 3(13)/Fin.(rev-1)/2012-13/dsvi/180 dated 28.2.2013 (effective from 1.4.2013), issued u/s 16(12) of the DVAT Act for works contract dealers has been modified vide present notification....

Read More

Delhi Vat On Builders Collaboration Agreements

Goods and Services Tax - Where the property is booked by the intended purchaser at the time of commencement of the project and the builder is paying VAT (as applicable) on its entire revenue, there would be minimum complexity. ...

Read More
Sorry No Post Found
Sorry No Post Found

FAQ on Delhi VAT Amnesty Scheme

Notification No.F.3(16)/Fin.(Rev-I)/2013-14/dsVI/786 - (20/09/2013) - Delhi Tax Compliance Achievement Scheme, 2013 (DCS) - FAQs - The Scheme is notified to Tax dispute related to Delhi Value added tax pending in various court and to provide an opportunity to defaulting dealers to achieve self compliance....

Read More

Recent Posts in "Rakesh Garg"

Real Estate Builders and GST in India: Issues regarding Rate of GST

It may be noted that the GST Act has, instead of providing a mechanism for valuation of land involved in the composite works contract and to reduce the same from the gross consideration, specified reduced tax rate of 12%. It implies that the legislature has assumed the value of land as 33% of the total consideration....

Read More

State VAT & CST on E-Commerce Transactions

A significant number of web sites, such as, Amazon.in, Flipkart.com, Snapdeal.com, eBay.in, etc., are engaged in E-Commerce (E-Com., in short) activities in India. The two major forms of E-Commerce are Business-to-Consumer (B2C) and Business-to-Business (B2B). While most of the companies cater mainly to consumers, the other companies migh...

Read More

Receipt of Credit Notes from Seller – Impact on Tax Credit of Purchaser under Delhi VAT Act

Delhi, being the trading centre, issuance of credit notes in respect of discounts and incentives by the sellers to the buyers is a common marketing phenomenon. Where the consideration as per the original sale bill is reduced due to offer of discount, incentives, etc., credit note is issued by the seller to the purchaser. ...

Read More

Amendments in the Composition Scheme for Works Contract Dealers under Delhi VAT

The composition scheme, notified vide No. 3(13)/Fin.(rev-1)/2012-13/dsvi/180 dated 28.2.2013 (effective from 1.4.2013), issued u/s 16(12) of the DVAT Act for works contract dealers has been modified vide present notification....

Read More

Delhi Vat On Builders Collaboration Agreements

Where the property is booked by the intended purchaser at the time of commencement of the project and the builder is paying VAT (as applicable) on its entire revenue, there would be minimum complexity. ...

Read More

Haryana VAT on Joint Development Agreements – Implications

With the issuance of couple of circulars in May’13 and June’13 by the Haryana VAT Department recently, clarifying certain aspects on VAT on builders’ projects, this branch of indirect tax has been activated on these builders’ projects....

Read More

DVAT – Effective Tax Rate Tax on Certain Works Contract Activities Reduced

For the purpose of computation of taxable turnover in works contracts: Where amount of labour, services and other like charges is not ascertainable from the books of accounts of the dealer (being works contractor) or where he fails to produce documentary evidence in support of such charges, the amount of such charges shall be calculated o...

Read More

FAQ on Delhi VAT Amnesty Scheme

Notification No.F.3(16)/Fin.(Rev-I)/2013-14/dsVI/786 (20/09/2013)

Delhi Tax Compliance Achievement Scheme, 2013 (DCS) - FAQs - The Scheme is notified to Tax dispute related to Delhi Value added tax pending in various court and to provide an opportunity to defaulting dealers to achieve self compliance....

Read More

Vat & Service Tax On Builders Collaboration Agreements

In short, our present discussion is confined to implication of VAT and Service Tax on those contracts where, apart from material and services, value of land is also taking part of the bargain, and the size of the plot is limited to few hundred yards containing, generally, four to ten units....

Read More

Browse All Categories

CA, CS, CMA (3,481)
Company Law (3,399)
Custom Duty (6,603)
DGFT (3,446)
Excise Duty (4,043)
Fema / RBI (3,249)
Finance (3,454)
Income Tax (25,017)
SEBI (2,733)
Service Tax (3,280)

Search Posts by Date

September 2017
M T W T F S S
« Aug    
 123
45678910
11121314151617
18192021222324
252627282930