Vat

Karasamadhana scheme 2019 – Karnataka

Goods and Services Tax - Karasamadhana Scheme- 2019 : This scheme is introduced with a view to reduce the arrears arising out of the enactments administered by the Commercial Taxes Department which existed before the introduction of Goods and Service Tax (GST). Accordingly a scheme for waiver of penalty and interest under the provisions of the following acts has ...

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An opportunity to put rest to age old Pre-GST Litigation

Goods and Services Tax - An opportunity to put rest to age old Pre-GST Litigation Recently, the Maharashtra Government introduced an Amnesty Scheme to settle all open tax disputes pertaining to pre-GST era.  This was introduced by passing an ordinance, namely, Maharashtra Settlement of Arrears of Tax, Interest, Penalty or Late Fee Ordinance, 2019. The intention ...

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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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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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ITC allowed despite non-payment by selling dealer: Delhi HC

On Quest Merchandising India Pvt. Ltd Vs Government of Nct of Delhi & Ors. (Delhi High Court) - In the High Court of Delhi in case of ON QUEST MERCHANDISING INDIA PVT. LTD. Versus GOVT. OF NCT OF DELHI. Held Section 9(2)(g) of Delhi Vat Act, 2004 requiring that the ITC will be allowed subject to the payment of tax by the selling dealer. Held that it was violative of Article 14 of Constitution ...

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Refund on account of Gujarat Textile Policy allowed to be adjusted against outstanding tax dues

Khushbu Vinyl Pvt Ltd Vs State of Gujarat (Gujarat High Court) - Department was not justified in cancelling the certificate of entitlement of assessee-company and  denying refund of tax paid on purchase of raw material and intermediate products as since the date when the actual production started, assessee did not have the eligibility certificate, they continued...

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Turnover tax payable on ‘total turnover’ under section 6B of KST Act

M/s. Achal Industries Vs State of Karnataka (Supreme Court of India) - Except the deductions provided under the first proviso to Section 6B(1) nothing else can be deducted from the total turnover as defined under Section 2(u2) for the purpose of levy of turnover tax under Section 6B of the Act....

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No proceedings can be taken against Director of a private limited company U/s. 26C of Kerala General Sales Tax Act, 1963

Anoop Raj Vs Dy. Tahsildar (Rr) Aluva (Kerala High Court) - Anoop Raj Vs Dy. Tahsildar (RR) Aluva (Kerala High Court) The petitioner, the Director of a private limited company is before this Court challenging the revenue recovery proceedings. The petitioner had two contentions; one that the provisions of Section 26C of the Kerala General Sales Tax Act, 1963 ...

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Incidence of CST or sale of goods, occurs where goods are appropriated to contract

Commissioner of Value Added Tax Vs OTIS Elevator Company (India) Ltd. (Delhi High Court) - Commissioner of Value Added Tax Vs Otis Elevator Company (India) Ltd. (Delhi High Court) The placement of an order by the agent for procurement of the lifts, in this case, was merely an offer. It is only upon its acceptance and further steps taken by the supplier that an offer crystallizes into a bi...

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Certification of amounts eligible as Interest free Loan under KGST Act as Industrial Incentives

Circular No. GST-15/2018-19 No. KSA. GST. CR-108/2018-19 - (26/02/2019) - Certification of amounts eligible as Interest free Loan under the Karnataka Goods and Services Tax Act 2017 as incentives to the Industrial Units under Industrial Policies....

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RVAT: Penalty on Awarders not revising Form VAT-40E in time

RVAT Circular No. 01/2019 - (23/01/2019) - Rule 40(8B) provides that where an awarder discovers any omission or error in the Form VAT-40E furnished by him, he may furnish a revised Form VAT-40E within three months from the close of the relevant year....

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West Bengal Taxation Laws (Amendment) Act, 2018

No. 2227-L.—17th December, 2018 - (17/12/2018) - (1) This Act may be called the West Bengal Taxation Laws (Amendment) Act, 2018. (2) Save as otherwise provided, this section shall come into force with immediate effect, and the other provisions of this Act shall come into force on such date as the State Government may, by notification in the Offici...

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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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Recent Posts in "Vat"

ITC allowed despite non-payment by selling dealer: Delhi HC

On Quest Merchandising India Pvt. Ltd Vs Government of Nct of Delhi & Ors. (Delhi High Court)

In the High Court of Delhi in case of ON QUEST MERCHANDISING INDIA PVT. LTD. Versus GOVT. OF NCT OF DELHI. Held Section 9(2)(g) of Delhi Vat Act, 2004 requiring that the ITC will be allowed subject to the payment of tax by the selling dealer. Held that it was violative of Article 14 of Constitution of India. Purchasing Dealer has paid the...

Read More

Refund on account of Gujarat Textile Policy allowed to be adjusted against outstanding tax dues

Khushbu Vinyl Pvt Ltd Vs State of Gujarat (Gujarat High Court)

Department was not justified in cancelling the certificate of entitlement of assessee-company and  denying refund of tax paid on purchase of raw material and intermediate products as since the date when the actual production started, assessee did not have the eligibility certificate, they continued to discharge tax liability as a normal ...

Read More

Karasamadhana scheme 2019 – Karnataka

Karasamadhana Scheme- 2019 : This scheme is introduced with a view to reduce the arrears arising out of the enactments administered by the Commercial Taxes Department which existed before the introduction of Goods and Service Tax (GST). Accordingly a scheme for waiver of penalty and interest under the provisions of the following acts has ...

Read More

Turnover tax payable on ‘total turnover’ under section 6B of KST Act

M/s. Achal Industries Vs State of Karnataka (Supreme Court of India)

Except the deductions provided under the first proviso to Section 6B(1) nothing else can be deducted from the total turnover as defined under Section 2(u2) for the purpose of levy of turnover tax under Section 6B of the Act....

Read More

An opportunity to put rest to age old Pre-GST Litigation

An opportunity to put rest to age old Pre-GST Litigation Recently, the Maharashtra Government introduced an Amnesty Scheme to settle all open tax disputes pertaining to pre-GST era.  This was introduced by passing an ordinance, namely, Maharashtra Settlement of Arrears of Tax, Interest, Penalty or Late Fee Ordinance, 2019. The intention ...

Read More

No proceedings can be taken against Director of a private limited company U/s. 26C of Kerala General Sales Tax Act, 1963

Anoop Raj Vs Dy. Tahsildar (Rr) Aluva (Kerala High Court)

Anoop Raj Vs Dy. Tahsildar (RR) Aluva (Kerala High Court) The petitioner, the Director of a private limited company is before this Court challenging the revenue recovery proceedings. The petitioner had two contentions; one that the provisions of Section 26C of the Kerala General Sales Tax Act, 1963 is unconstitutional and the next that th...

Read More

Incidence of CST or sale of goods, occurs where goods are appropriated to contract

Commissioner of Value Added Tax Vs OTIS Elevator Company (India) Ltd. (Delhi High Court)

Commissioner of Value Added Tax Vs Otis Elevator Company (India) Ltd. (Delhi High Court) The placement of an order by the agent for procurement of the lifts, in this case, was merely an offer. It is only upon its acceptance and further steps taken by the supplier that an offer crystallizes into a binding promise […]...

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Tendu Leaves, Not A Minor Forest Produce, Vat Payable @25%

State of Chhattisgarh Vs M/s Shobha Enterprises (Chhattisgarh High Court)

Tendu leaves has separate entry, wherein, VAT is payable @25% and the same cannot be clubbed in general entry ‘minor forest produce’ for availment of reduced rate exemption notification....

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Gypsum boards taxable at 4 % as per amended Entry 56 of Schedule IV to Rajasthan VAT

Lohiya Agencies & ANR. Vs Additional Commissioner (Legal) (Supreme Court)

Gypsum boards would be taxable at 4 percent as per amended Entry 56 of Schedule IV instead of residuary Entry 1 of Schedule V at 12.5% Under the Rajasthan Value Added Tax Act, 2003....

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Certification of amounts eligible as Interest free Loan under KGST Act as Industrial Incentives

Circular No. GST-15/2018-19 No. KSA. GST. CR-108/2018-19 (26/02/2019)

Certification of amounts eligible as Interest free Loan under the Karnataka Goods and Services Tax Act 2017 as incentives to the Industrial Units under Industrial Policies....

Read More

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