Sales Tax - Page 2

Forms & Procedures under Central Sales Tax (CST)

Every dealer who effects inter-state sale is required to register with State sales tax authorities who are empowered to grant registration under CST Act. Application should be in form ‘A’. Security has to be furnished. Certificate of registration will be in form ‘B’....

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E- I Transaction – Process Note and Documentation

Transit Sales under the CST Act . These are generally known in the market as ‘LR sales’, ‘subsequent inter-State sales’ and ‘E-I sales’. These transactions fall under clause (b) of section 3 of the Central Act, which reads as follows: 3. When is a sale or purchase of goods said to take place in the course of inter-State trade ...

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C Form Cannot Be Refused To be Issued On Arrears of Tax

Sri Rajeswari Agencies Vs. Additional Deputy Commercial Tax Officer II (Madras High Court)

Sri Rajeswari Agencies V. Additional Deputy Commercial Tax Officer II, Sales Tax – Declaration Forms – Arrears Of Tax - C Form Cannot Be Refused To Be Issued On Ground Of Arrears Of Tax – Central Sales Tax Act (74 Of 1956), S. 9(2) – Central Sales Tax (Registration And Turnover) Rules, 1957, Form C....

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Prepayment of sales tax deferral loan on payment of net present value of future liability cannot be classified as remission

Sulzer India Ltd. Vs. Jt. CIT (ITAT Mumbai)

In a recent ruling, in the case of Sulzer India Ltd. v. Jt. CIT [2010-TIOL-670-ITAT-MUM-SB] , the Special Bench of the Mumbai Income-tax Appellate Tribunal (the "Tribunal") held that prepayment of deferred sales tax liability on the Net Present Value...

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Sales tax evasion racket in Mumbai used hawala bills to save tax on transactions worth Rs 700 crore

A tax evasion racket involving over 400 firms, most of which are based in the city, has come to light. The state sales tax department, which busted the racket, claimed that its initial assessment showed that the racket involved transactions worth Rs ...

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SC to HAL and Karnataka govt – Resolve Rs 1,519 Cr. Sales tax dispute

The Supreme Court today directed the Defence Ministry and the Karnataka government to meet and resolve their dispute over Rs 1,519 crore sales tax on defence contracts executed by Hindustan Aeronautics Ltd (HAL)....

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28 establishments under scanner to detect evasion of sales and value-added tax

UT vigilance department recently put 28 establishments under scanner to detect evasion of sales and value-added tax. This was accompanied by attempts at catching income tax evaders among multinational companies. The establishments being looked at in ...

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Corruption on high, nothing moves without money- Supreme Court

Stating that “nothing moves without money”, the Supreme Court has expressed concern over the growing corruption in government machinery, particularly in the Income Tax, Sales Tax and Excise departments. ...

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PIL alleges Sales Tax scam of over Rs 100 crore

The Bombay High Court has asked Maharashtra government's Principal Secretary (Finance) to file an affidavit by October 8 in reply to a PIL alleging scam in refund of Sales Tax to the tune of crores of rupees in Palghar division in nearby Thane distri...

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SC to decide soon on levy of sales tax on incidental charges like transportation, packaging, labour etc.

The Supreme Court will soon decide whether sales tax is to be levied on the incidental charges like transportation, packaging and labour incurred by Food Corporation of India (FCI) on purchase of foodgrains for the state machinery including contingen...

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