Vat

Gujarat VAT Notification for Final Return & VAT Audit – FY 2017-18

Goods and Services Tax - SUMMARY OF GUJARAT VAT NOTIFICATION RELATING TO FILING OF FINAL (ANNUAL) RETURN AND AUDIT UNDER SECTION 63 FOR FY 2017-18 Notification No. (GHN-05) VAR-2018(47) / Th    Dated 19th January, 2018  Final Return  Every registered dealer in whose case taxable turnover exceeds rupees 25 Lacs in aggregate during the period April 2017 to Jun...

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Basics of VAT in GCC Countries

Goods and Services Tax - We all already know that VAT has been implemented in United Arab Emirates. It has been decided to implement VAT in Gulf Cooperation Council (GCC) Countries vide an understanding between them. The GCC works as a Trade and Economic Group. The inter State trade between the GCC Countries is like trading within the States....

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UAE VAT Things you must know !- Download Free E-Book

Goods and Services Tax - CA Pritam Mahure has come up with a Book on  Value Added Tax (VAT) in UAE which will come into effect from 1st January 2018 with a standard Rate of 5%. The book is a compilation of GST related key legal provisions, reports and articles. Link to Download is provided at the end of the […]...

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Refundable Tax System

Goods and Services Tax - ABSTRACT In the modern world the indirect taxes take an essential part of Governments’ Tax Revenue. Various countries are following various types of Indirect Taxations like Sales Tax, Value Added Tax and Goods and Services Tax. In this situation, I am introducing a new Indirect Taxation concept which I have named as “Refundable Tax Sy...

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UAE VAT -Exempt & Zero Rated Supplies

Goods and Services Tax - Zero rated supplies are those supplies on which you can claim input but Vat is charged at zero rate. To understand better we should first understand the definition of Taxable Supply....

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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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Rajasthan – VAT Returns Due date of 2010-11 extended to 30-04-2012

Goods and Services Tax - Due date for submission of all returns for the year 2010-11 under Rule 19 and Rule 19A of the Rajasthan Value Added Tax Rules 2006 has been extended by CCT Rajasthan upto 30-04-2012. ...

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Govt. charging more then Rs. 25 per litre as taxes on Petrol

Goods and Services Tax - About 38 per cent or Rs 26.22 in petrol price of Rs 68.64 a litre in Delhi is because of central and state government taxes. State-owned oil firms had last week hiked petrol price by Rs 1.80 a litre, the fifth increase this year as oil imports became costlier due to fall in rupee value. The new rate is based on a basic price of petrol, wi...

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HC reject application for condonation of delay of 1819 days as no Sufficient Cause existed

Commissioner Tax Vs M/s Hanuman Industries Kichha (Uttarakhand High Court) - Commissioner Tax Vs M/s Hanuman Industries Kichha (Uttarakhand High Court) There is delay of 1819 days’ in filing the Revision. It is stated that after receiving the copy of the judgment dated 29.01.2013, matter was discussed at various levels and the proposal was received by the Department on 01....

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Assessment should not be completed without communicating Petitioner on Adjournment Request

Micro Tech System Vs Assistant Commissioner (Kerala High Court) - In the absence of any communication on the request made by the petitioner, according to me, the assessing authority should not have completed the assessments, without a further notice to the petitioner. ...

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Kerala HC allows department to cancel compounding scheme wrongly allowed with instruction to allow input credit on purchases

Commercial Tax Officer Vs. M/s. MIilona Ice Cream Private Limtied (Kerala High Court) - The appeals are filed against the judgment of the learned Single Judge, affirming the right of the petitioner to pay tax under the compounding scheme. The respondent assessee is engaged in the manufacture and sale of ice-creams. The assessments were of the year 2015-2016 and 2016-2017....

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Kerala VAT: Bakery shortening and vanaspati are not similar

M/s. Parisons Foods Pvt. Ltd. Vs. Joint Commissioner Of Commercial Taxes (Kerala High Court) - M/s. Parisons Foods Pvt. Ltd. Vs. Joint Commissioner Of Commercial Taxes (Kerala High Court) The appeal arises from a Clarification Order issued under Section 94 of the Kerala Value Added Tax Act, 2003 (‘KVAT Act’ for short). The appellant/dealer, inter alia, is engaged in the manufactur...

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In computing taxable turnover Trade Discount needs to be deducted: SC

M/s Maya Appliances (P) Ltd Vs Addl. Commissioner of Commercial Taxes & Ors (Supreme Court of India) - We direct that in computing the taxable turnover for the relevant years, the appellant would be entitled to a deduction of the trade discount, following the parameters laid down in paragraph 40 of the judgment in Southern Motors (supra) and as explained above. ...

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Rajasthan VAT: Deemed Assessment Scheme for year 2016-17

No. F. 16 (1052)Tax/VAT/CCT/2017-18/336-41 - (11/06/2018) - I, Alok Gupta, Commissioner, Commercial Taxes, Rajasthan, Jaipur, hereby declare the following Deemed Assessment Scheme for the Assessment of the year 2016-17 ...

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Completion of scrutiny & assessment up to 30.06.2017 of all acts subsumed in GST in Assam

Circular No. 1/2018 - (13/06/2018) - With implementation of Assam Goods and Services Act, 2017 from 1st July, 2017 Assam Value added Tax Act, 2003 and Central Sales Tax Act, 1956 [except alcoholic liquor for human consumption, petroleum crude, high speed diesel, motor spirit (commonly known as petrol), natural gas and aviation turbine]...

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Himachal Pradesh Value Added Tax (Fifth Amendment) Rules, 2017

Notification No. EXN-F-(10)-15/2016 - (29/04/2017) - In Rule 50 of the Himachal Pradesh Value Added Tax Rules 2005, in sub- rule (3) and in para No. 6 of the application Form L- 2 for the words twenty five, the word thirty, shall be constituted...

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Alternative Tax Compliance Scheme 2016 for Contractors in Haryana

Notification No 19/ST-1/ H.A. 6/2003/S.59A/2016 - (12/09/2016) - Governor of Haryana hereby provides for an Amnesty Scheme namely, the Haryana Alternative Tax Compliance Scheme for Contractors, 2016, for the recovery of tax, interest, penalty or other dues payable under the said Act, for the period upto the 31st March, 2014, from such contractors and for such bus...

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Daman VAT: Tax rate enhanced from 4% to 5% w.e.f 14-01-16

Notification No DMN/VAT/Part-File/57-2/2014-15/453 - (14/01/2016) - In union territory of Daman and Diu VAT Rate on Sale / Purchase of Goods mentioned in Third Schedule will be 5 % with effect from 14.01.2016 instead of 4%. Related Notification is as follows :- ...

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Recent Posts in "Vat"

Rajasthan VAT: Deemed Assessment Scheme for year 2016-17

No. F. 16 (1052)Tax/VAT/CCT/2017-18/336-41 (11/06/2018)

I, Alok Gupta, Commissioner, Commercial Taxes, Rajasthan, Jaipur, hereby declare the following Deemed Assessment Scheme for the Assessment of the year 2016-17 ...

Read More

HC reject application for condonation of delay of 1819 days as no Sufficient Cause existed

Commissioner Tax Vs M/s Hanuman Industries Kichha (Uttarakhand High Court)

Commissioner Tax Vs M/s Hanuman Industries Kichha (Uttarakhand High Court) There is delay of 1819 days’ in filing the Revision. It is stated that after receiving the copy of the judgment dated 29.01.2013, matter was discussed at various levels and the proposal was received by the Department on 01.05.2013. It is stated that Department in...

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Completion of scrutiny & assessment up to 30.06.2017 of all acts subsumed in GST in Assam

Circular No. 1/2018 (13/06/2018)

With implementation of Assam Goods and Services Act, 2017 from 1st July, 2017 Assam Value added Tax Act, 2003 and Central Sales Tax Act, 1956 [except alcoholic liquor for human consumption, petroleum crude, high speed diesel, motor spirit (commonly known as petrol), natural gas and aviation turbine]. ...

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Assessment should not be completed without communicating Petitioner on Adjournment Request

Micro Tech System Vs Assistant Commissioner (Kerala High Court)

In the absence of any communication on the request made by the petitioner, according to me, the assessing authority should not have completed the assessments, without a further notice to the petitioner. ...

Read More

Kerala HC allows department to cancel compounding scheme wrongly allowed with instruction to allow input credit on purchases

Commercial Tax Officer Vs. M/s. MIilona Ice Cream Private Limtied (Kerala High Court)

The appeals are filed against the judgment of the learned Single Judge, affirming the right of the petitioner to pay tax under the compounding scheme. The respondent assessee is engaged in the manufacture and sale of ice-creams. The assessments were of the year 2015-2016 and 2016-2017....

Read More

Kerala VAT: Bakery shortening and vanaspati are not similar

M/s. Parisons Foods Pvt. Ltd. Vs. Joint Commissioner Of Commercial Taxes (Kerala High Court)

M/s. Parisons Foods Pvt. Ltd. Vs. Joint Commissioner Of Commercial Taxes (Kerala High Court) The appeal arises from a Clarification Order issued under Section 94 of the Kerala Value Added Tax Act, 2003 (‘KVAT Act’ for short). The appellant/dealer, inter alia, is engaged in the manufacture of ‘bakery shortening’. Th...

Read More

In computing taxable turnover Trade Discount needs to be deducted: SC

M/s Maya Appliances (P) Ltd Vs Addl. Commissioner of Commercial Taxes & Ors (Supreme Court of India)

We direct that in computing the taxable turnover for the relevant years, the appellant would be entitled to a deduction of the trade discount, following the parameters laid down in paragraph 40 of the judgment in Southern Motors (supra) and as explained above. ...

Read More

TVAT: Sale of Equipments to Govt Educational Institutions attracts concessional VAT

M/s. Biojenik Engineering (P) Ltd. Vs. The Commercial Tax Officer (Madras High Court)

It is also an admitted fact that no such condition has been imposed in the notification, dated 20.12.1975 that the registered dealers engaged in sale of the above said goods, have to produce 'C'/'D' Forms for claiming concessional rate of tax. ...

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Gujarat VAT Notification for Final Return & VAT Audit – FY 2017-18

SUMMARY OF GUJARAT VAT NOTIFICATION RELATING TO FILING OF FINAL (ANNUAL) RETURN AND AUDIT UNDER SECTION 63 FOR FY 2017-18 Notification No. (GHN-05) VAR-2018(47) / Th    Dated 19th January, 2018  Final Return  Every registered dealer in whose case taxable turnover exceeds rupees 25 Lacs in aggregate during the period April 2017 to Jun...

Read More

Basics of VAT in GCC Countries

We all already know that VAT has been implemented in United Arab Emirates. It has been decided to implement VAT in Gulf Cooperation Council (GCC) Countries vide an understanding between them. The GCC works as a Trade and Economic Group. The inter State trade between the GCC Countries is like trading within the States....

Read More
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