Vat

Gvat Audit For Cases Where Taxable Turnover Exceeds Inr 25 Lakhs – Is It As Per Law ?

Goods and Services Tax - Vide letter dated 07.12.2018 Ld. Joint Commissioner (Legal), Gujarat has clarified that even cases where taxable turnover exceeds INR 25 lakhs (wherein total turnover is less than INR 1 crore) for FY 2017-18 shall also be liable to obtain VAT Audit Report and submit the same. Our analysis in this regard is as under:...

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Haryana Vat: changes in Vat Calculation formula for Diesel and Petrol

Goods and Services Tax - Haryana Vat Act has changes in Vat Calculation formula on Disel and Petrol from 13/14 Dec 2018...

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Issues in VAT Audit of April 2017 to June 2017 in Maharashtra

Goods and Services Tax - Krishna, for the year 2017-18, taxpayers have to comply with both VAT Audit and GST Audit. But which form is applicable for VAT audit? The due date for filing form 704 is 15th January, 2019....

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Gist of Updates – Indirect Taxes – October 2018

Goods and Services Tax - Indirect Taxes Updates- GST, Customs, Excise, Service Tax & VAT- Month – October 2018 A. Amendment in Goods & Services Tax (GST) for the Month of October 2018 1. Time Limit for furnishing the declaration in FORM ITC 04 extended till 31st 2018 CBIC has extended the time limit for furnishing the declaration in FORM […]...

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Bahrain – Draft VAT Law (Unofficial Version)

Goods and Services Tax - This is an Unofficial English Translation of the Draft Bahrain Value Added Tax Law. Chapter 1 – Preliminary provisions Article 1 – Definitions (1) The Kingdom: The Kingdom of Bahrain including all its lands and its subsoil and territorial waters adjacent to it and the seabed, and all that is vested in sovereign rights in [&hel...

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Request to extend last date of Annual Return Form 10A-VAT- Rajasthan

Goods and Services Tax - As Members are occupied in Tax Audit Report under the Income Tax Act, 1961 (due date is 31.10.2018) and also in GST Reconciliation and Rectification work, we hereby request your good self to kindly extend the due date of filing Annual Return under VAT in Form 10A (Period ending 30-June-2017) for the dealers who moved to GST Regime from 31...

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VAT Scrutiny in Kerala- Guidelines for planning collection of Data

Goods and Services Tax - The Government has given instructions to complete the back log VAT works and ensure improved revenue performance. The Department has developed the SCRUTINY MODULE to do the scrutiny and assessments efficiently as per the law, without any errors....

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Punjab VAT Annual Return due date extended to 8th December 2017

Goods and Services Tax - Extension of Due date of filing of Punjab VAT Annual return VAT-20 for year 2016-17 from 30th November 2017 to 08th December 2017 by Government of Punjab vide its Notice dated 30th November 2017....

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VAT / Sales Tax Payable on sale of Flats – Bombay HC

Goods and Services Tax - THE Bombay High Court appears to have served a body blow to realtors in Maharasthra. The HC today dismissed their petition that challenged the applicability of Value Added Tax (VAT) on sale of flats. The builders argued that VAT is not payable on immovable property....

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West Bengal – Entry Tax on Goods – wef 01/04/2012

Goods and Services Tax - 1. The tax rate shall be uniform – ONE per cent on value of goods. 2. No collection of any tax at any checkpost. 3. No question of vehicles being detained anywhere within the local area including checkpost. 4. Self declaration and self assessment of tax....

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No VAT on dyes & chemicals washed away during Job work & get embedded into final product.

M/s A P Processors, Vs State of Haryana (Punjab and Haryana High Court) - Whether on the facts and in the circumstances of the case, the learned Tribunal was justified in upholding the levy of tax on chemicals used as consumables in the process of job work of dyeing of fabric by assuming that property in the goods has passed on to the principals?...

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Re-Assessment Order under Karnataka VAT after GST rollout is Valid

M/s. Prosper Jewel Arcade LLP Vs The Deputy Commissioner Commercial Taxes (High Court Karnataka) - M/s. Prosper Jewel Arcade LLP Vs The Deputy Commissioner Commercial Taxes (High Court Karnataka) The Court further added that “therefore, the larger constitutional questions raised in the present writ petition and as sought to be canvassed by the learned Senior Counsel for the petitioner like the ...

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KVAT: Amendment extending time cannot have automatic retrospective operation

K. Vinod Chandran Vs Ashok Menon (Kerala High Court) - K. Vinod Chandran Vs Ashok Menon (Kerala High Court) The impugned judgments in the above appeals disposed of a batch of writ petitions as also writ petitions, individually, filed by the assessee-petitioners against notices issued for assessment under the Kerala Value Added Tax Act, 2003 (for brevity...

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UP VAT: No interest can be levied on turnover not admitted by dealer

Union Of India Vs The Commissioner, Trade Tax, U.P. Lucknow (Allahabad High Court) - Union Of India Vs The Commissioner, Trade Tax, U.P. Lucknow (Allahabad High Court) In the present case it is an admitted fact that the revisionist disputed the liability of payment of tax and that the revisionist never admitted liability to pay any tax on the transaction in question and this fact th...

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Tax cannot be recovered by issuing notice against Dead person

R. Jayalakshmi Vs The Commercial Tax Officer (Madras High Court) - Without adjudicating the said issue, the second respondent cannot proceed to recover the amount, that too, by issuing a notice against a dead person. Hence, the impugned notice is held to be not sustainable in law....

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Family assistance scheme for VAT GST dealers Registered in Rajasthan

No. F.12(112)FD/Tax/2017-Pt.-I-121 - (05/10/2018) - Eligibility criteria for availing Benefits of Family assistance scheme:-i. Dealers/traders who are bonafide residents of Rajasthan, registered-in VAT /GST in Rajasthan and have been carrying on business for at least one yearshall be eligible as beneficiaries for the scheme....

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Rajasthan VAT: Date of Filing of VAT 10A return for 2017-18 extended to 31.10.2018

Notification No. F26 (315)CCT/MEA/2014/577 - (31/08/2018) - Due Date of Filing of VAT Return of VAT 10A for Financial Year 2017-18 in Rajasthan extended to 31st October 2018 vide Notification No. F26 (315)CCT/MEA/2014/577 Dated: August 31, 2018...

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Rate of tax on sales of alcoholic liquor for CSD in Nagaland

Notification No. FIN/REV/VAT/ALC/18 /236  - (21/08/2018) - Governor of Nagaland is pleased to order that the rate of tax on sales of alcoholic liquor for human consumption to or by the Canteen Store Department (CSD), Government of India, in the State of Nagaland for the purpose of resale to Unit Run Canteen (URC) or defence personnel strictly for their pers...

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Rajasthan VAT- Due date for filing VAT Return of Q1 of 2018-19 extended

No.F.26 (315) ACCT/MEA/2014/564 - (14/08/2018) - The Rajasthan Govt has Extended the due date of Filing of Quarterly VAT Return for Q1 of 2018-19 to 15th September 2018 vide Notification dated-August 14, 2018...

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TNVAT Act, 2006 – Zero rate sales – Issue of refund of input tax credit on capital goods – Modified instructions

Circular No. 12/2018 Audit Cell III/l 1727/2018 - (21/06/2018) - In the reference first cited, a revised circular in respect of export refunds in supersession of all earlier circulars relating to export refunds has been issued, in which it has been instructed to defer the refund claim relating to input tax credit on capital goods with respect to zero rate sales i...

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Recent Posts in "Vat"

Gvat Audit For Cases Where Taxable Turnover Exceeds Inr 25 Lakhs – Is It As Per Law ?

Vide letter dated 07.12.2018 Ld. Joint Commissioner (Legal), Gujarat has clarified that even cases where taxable turnover exceeds INR 25 lakhs (wherein total turnover is less than INR 1 crore) for FY 2017-18 shall also be liable to obtain VAT Audit Report and submit the same. Our analysis in this regard is as under:...

Read More

Haryana Vat: changes in Vat Calculation formula for Diesel and Petrol

Haryana Vat Act has changes in Vat Calculation formula on Disel and Petrol from 13/14 Dec 2018...

Read More

Issues in VAT Audit of April 2017 to June 2017 in Maharashtra

Krishna, for the year 2017-18, taxpayers have to comply with both VAT Audit and GST Audit. But which form is applicable for VAT audit? The due date for filing form 704 is 15th January, 2019....

Read More

Gist of Updates – Indirect Taxes – October 2018

Indirect Taxes Updates- GST, Customs, Excise, Service Tax & VAT- Month – October 2018 A. Amendment in Goods & Services Tax (GST) for the Month of October 2018 1. Time Limit for furnishing the declaration in FORM ITC 04 extended till 31st 2018 CBIC has extended the time limit for furnishing the declaration in FORM […]...

Read More

No VAT on dyes & chemicals washed away during Job work & get embedded into final product.

M/s A P Processors, Vs State of Haryana (Punjab and Haryana High Court)

Whether on the facts and in the circumstances of the case, the learned Tribunal was justified in upholding the levy of tax on chemicals used as consumables in the process of job work of dyeing of fabric by assuming that property in the goods has passed on to the principals?...

Read More

Re-Assessment Order under Karnataka VAT after GST rollout is Valid

M/s. Prosper Jewel Arcade LLP Vs The Deputy Commissioner Commercial Taxes (High Court Karnataka)

M/s. Prosper Jewel Arcade LLP Vs The Deputy Commissioner Commercial Taxes (High Court Karnataka) The Court further added that “therefore, the larger constitutional questions raised in the present writ petition and as sought to be canvassed by the learned Senior Counsel for the petitioner like the substitution of Entry 54 in List II, eff...

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Request to extend last date of Annual Return Form 10A-VAT- Rajasthan

As Members are occupied in Tax Audit Report under the Income Tax Act, 1961 (due date is 31.10.2018) and also in GST Reconciliation and Rectification work, we hereby request your good self to kindly extend the due date of filing Annual Return under VAT in Form 10A (Period ending 30-June-2017) for the dealers who moved to GST Regime from 31...

Read More

KVAT: Amendment extending time cannot have automatic retrospective operation

K. Vinod Chandran Vs Ashok Menon (Kerala High Court)

K. Vinod Chandran Vs Ashok Menon (Kerala High Court) The impugned judgments in the above appeals disposed of a batch of writ petitions as also writ petitions, individually, filed by the assessee-petitioners against notices issued for assessment under the Kerala Value Added Tax Act, 2003 (for brevity “KVAT Act”). The issues raised bein...

Read More

Bahrain – Draft VAT Law (Unofficial Version)

This is an Unofficial English Translation of the Draft Bahrain Value Added Tax Law. Chapter 1 – Preliminary provisions Article 1 – Definitions (1) The Kingdom: The Kingdom of Bahrain including all its lands and its subsoil and territorial waters adjacent to it and the seabed, and all that is vested in sovereign rights in [&hel...

Read More

Family assistance scheme for VAT GST dealers Registered in Rajasthan

No. F.12(112)FD/Tax/2017-Pt.-I-121 (05/10/2018)

Eligibility criteria for availing Benefits of Family assistance scheme:-i. Dealers/traders who are bonafide residents of Rajasthan, registered-in VAT /GST in Rajasthan and have been carrying on business for at least one yearshall be eligible as beneficiaries for the scheme....

Read More

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