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value added tax

Latest Articles


Whether the transfer of goods as a contribution for capital be considered as Sale?

Goods and Services Tax : Transfer of goods on sale of the business as a whole by a proprietor to a company in which he is a promoter, as his contribution f...

March 31, 2012 819 Views 0 comment Print

For Debate – Change In CST Act?

Goods and Services Tax : We aim to be an efficient and effective tax administration respected for fairness, transparency and professionalism.” If a reg...

December 19, 2010 603 Views 0 comment Print

Validity of Assessment notices U/S 29 of PVAT for the year 2005-06 issued by department recently

Finance : Explore the issue of recently issued assessment notices for the year 2005-06 under section 29 of Punjab Value Added Tax Act (PVAT)...

January 12, 2010 684 Views 0 comment Print

CBEC clarified treatment of Cenvat in respect of goods written off in books

Excise Duty : The Central Board of Excise & Customs (CBEC) has clarified the treatment of Central Value Added Tax (Cenvat) Credit in respect of ...

December 22, 2009 4640 Views 0 comment Print

Important Aspects of New VAT Audit Form -704

Goods and Services Tax : For non filing or late filing of the Audit Report, penalty at the rate of 0.1% of the turnover of sales is also leviable...

November 24, 2009 17816 Views 0 comment Print


Latest News


Orissa textile traders protest VAT levy

Goods and Services Tax : Textile traders in Orissa yesterday closed their outlets protesting the State Government's imposition of value added tax (VAT) on ...

June 10, 2011 489 Views 0 comment Print

Mayawayti demands Rs. 2528 Crore to switch to GST

Goods and Services Tax : The Mayawati government on Monday demanded an early settlement of its claim for Rs 2,527.93 crore from the Centre and set it as on...

December 8, 2010 633 Views 0 comment Print

States governments demand CST to continue with GST

Goods and Services Tax : The state governments have urged the Centre to continue levying central sales tax (CST) for the first few years as it will provide...

July 28, 2010 1108 Views 0 comment Print

Delhi Govt slashes VAT on diesel to bring down the fuel prices by Rs 2.70 per litre

Finance : Inflation-hit Delhiites can breathe a little easy with Delhi Government today slashing the value added tax (VAT) on diesel to 12.5...

July 17, 2010 324 Views 0 comment Print

Maharashtra imposes 1% Sales Tax on property sale agreements

Goods and Services Tax : Property buyers in Mumbai and the rest of Maharashtra will now have to spend more, as the state government has issued a notificati...

July 17, 2010 5189 Views 0 comment Print


Latest Judiciary


Directors Liable If Company Fails to pay tax under Kerala VAT: Kerala HC

Goods and Services Tax : In Firos C. A. Vs State of Kerala, Kerala High Court rules directors are jointly liable for tax dues if the company fails to make ...

February 29, 2024 426 Views 0 comment Print

In contract for transfer of right to use goods, taxable event is execution of contract: Kerala HC

Goods and Services Tax : Kerala High Court held that under the Kerala Value Added Tax Act, 2003 (KVAT Act) in a contract for the transfer of the right to u...

September 16, 2023 879 Views 0 comment Print

Doctrine of Partial Merger again upheld by Hon’ble Haryana Tax Tribunal

Goods and Services Tax : Hon’ble Haryana Tax Tribunal has held that cost of consumables such as fuels used in hot mix plant for the purpose of execution ...

October 16, 2019 2727 Views 0 comment Print

TDS liability of a builder for sub-contracting of main contract is 1% u/s 194C

Income Tax : We have heard rival submissions and perused the orders of the authorities below. Copies of Registration Certificate under Kerala V...

January 10, 2010 2298 Views 0 comment Print


Latest Notifications


MVAT Notification on Delegation of Powers

Goods and Services Tax : In exercise of the powers conferred by sub-section (5) of section 10 of the Maharashtra Value Added Tax Act, 2002 (Mah. IX of 2005...

January 2, 2010 1339 Views 0 comment Print

MVAT Notification on sales made to the diplomatic authorities and international bodies or organisations

Goods and Services Tax : In suppression of the Government Notification, Finance Department, No.VAT-1507/ CR-41/ Taxation-1, dated the 25th June 2007, the G...

November 5, 2009 2134 Views 0 comment Print

MVAT circular on Procedure for on line submission of application for obtaining registration under the MVAT Act, 2002

Goods and Services Tax : TRADE CIRCULAR Date: 25th Sept, 2009 NO. MVAT/ Registration / e-101 Mumbai, Trade circular No:- 25T of 2009 Subject: – Proce...

September 29, 2009 19787 Views 0 comment Print

Revised Procedure for on line submission of application for obtaining registration under the MVAT Act, 2002

Goods and Services Tax : Present Procedure: At present, the applications for registration are being made manually to the Registering Authority. On the re...

September 25, 2009 710 Views 0 comment Print

Notification on Compulsory E- Filing of Form-101 related to MVAT registration

Goods and Services Tax : In exercise of the powers conferred by sub-rule (1) of Rule 17A of the Maharashtra Value Added Tax Rules, 2005, the Commissioner o...

August 26, 2009 7012 Views 0 comment Print


Latest Posts in value added tax

Directors Liable If Company Fails to pay tax under Kerala VAT: Kerala HC

February 29, 2024 426 Views 0 comment Print

In Firos C. A. Vs State of Kerala, Kerala High Court rules directors are jointly liable for tax dues if the company fails to make payments under the Kerala Value Added Tax Act.

In contract for transfer of right to use goods, taxable event is execution of contract: Kerala HC

September 16, 2023 879 Views 0 comment Print

Kerala High Court held that under the Kerala Value Added Tax Act, 2003 (KVAT Act) in a contract for the transfer of the right to use the goods, the taxable event is the execution of the contract for delivery of the goods, and if that has taken place, it was immaterial whether the transfer was exclusively or to the exclusion of all others.

Doctrine of Partial Merger again upheld by Hon’ble Haryana Tax Tribunal

October 16, 2019 2727 Views 0 comment Print

Hon’ble Haryana Tax Tribunal has held that cost of consumables such as fuels used in hot mix plant for the purpose of execution of works contract, is liable to be deducted from the taxable turnover. The said view emerged based on the Supreme Court Judgment in the case of Gannon Dunkerely and Rule 25(2) read with Rule 25(3) of the Haryana Value Added Tax Rules.

Whether the transfer of goods as a contribution for capital be considered as Sale?

March 31, 2012 819 Views 0 comment Print

Transfer of goods on sale of the business as a whole by a proprietor to a company in which he is a promoter, as his contribution for capital, is a ‘sale’ under Uttar Pradesh Value Added Tax Act, 2008

Orissa textile traders protest VAT levy

June 10, 2011 489 Views 0 comment Print

Textile traders in Orissa yesterday closed their outlets protesting the State Government’s imposition of value added tax (VAT) on textile products. The All Orissa Textile Merchants’ Association (AOTMA) said it has decided to keep shops closed today as well and stage rallies in different districts. While the neighbouring States such as West Bengal, Jharkhand, Andhra Pradesh and Chhattisgarh have not imposed VAT on textile products, Orissa is the lone State where such tax is collected on clothes, the association said.

For Debate – Change In CST Act?

December 19, 2010 603 Views 0 comment Print

We aim to be an efficient and effective tax administration respected for fairness, transparency and professionalism.” If a registered dealer/company is not issuing form C, even though the same is mentioned in their purchase order, the invoices are raised accordingly, Sale tax dept collects additional tax, penalty from the Seller & the Buyer is not penalized? No questions are asked to the Buyer for non issuing of Form C, against applicable purchases! Sale tax dept allows Buyer to continue the business, and indirectly helping him to evade the tax?

Mayawayti demands Rs. 2528 Crore to switch to GST

December 8, 2010 633 Views 0 comment Print

The Mayawati government on Monday demanded an early settlement of its claim for Rs 2,527.93 crore from the Centre and set it as one of the pre-conditions for enforcing the Goods and Service Tax (GST) regime, proposed to be implemented throughout the

States governments demand CST to continue with GST

July 28, 2010 1108 Views 0 comment Print

The state governments have urged the Centre to continue levying central sales tax (CST) for the first few years as it will provide some comfort in terms of protecting revenue and fiscal autonomy. This demand came after the union government proposed a three-rate structure for the goods and services tax(GST) last week.

Delhi Govt slashes VAT on diesel to bring down the fuel prices by Rs 2.70 per litre

July 17, 2010 324 Views 0 comment Print

Inflation-hit Delhiites can breathe a little easy with Delhi Government today slashing the value added tax (VAT) on diesel to 12.5 per cent from the existing 20 per cent which would bring down the fuel prices by Rs 2.70 per litre to Rs 37.50 per litre in the city.

Maharashtra imposes 1% Sales Tax on property sale agreements

July 17, 2010 5189 Views 0 comment Print

Property buyers in Mumbai and the rest of Maharashtra will now have to spend more, as the state government has issued a notification on the imposition of 1 per cent value added tax (VAT) on the contract price of flats mentioned in the agreement of sale registered on or after April 1. This would be in addition to a 5 per cent stamp duty, 2.38 per cent service tax and 1 per cent local self-government tax in certain districts.

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