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Articles Category : VAT
Assessee cannot be asked to reverse input tax credit due to non-payment of taxes by the selling dealer
Posted Date : 22-Feb-2016 , 04:51:44 pm | Posted By CA Bimal Jain

Sri Lakshmi Textiles Vs. the Commissioner of Commercial Taxes and Others [2016 (1) TMI 329 - MADRAS HIGH COURT] Facts: Sri Lakshmi Textiles(“the Petitioner”) is a partnership firm engaged in the business of inner garments and textiles registered under Tamil Nadu Value Added Tax Act...

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Category : VAT | Comments : 0 | Hits : 773

ONLINE DVAT REGISTRATION : -- MANDATORY OR VOLUNTARY WHAT TO APPLY ??
Posted Date : 17-Dec-2015 , 04:03:04 pm | Posted By Ankit Gupta

Now days for Trading goods online via. Flipkart , Amazon , Snapdeal , Shopclues etc. every dealer is required by such e commerce sites to obtain DVAT registration certificate so as to enroll themselves as dealer on such e commerce sites.    In that case, If a person is willing to start ...

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Category : VAT | Comments : 0 | Hits : 1926

Registration under Gujarat VAT TIN and CST TIN - A Common Man's Guide - Part I of Series 10 on 10
Posted Date : 14-Dec-2015 , 07:56:35 pm | Posted By Sachin D Jain

A lot of queries comes to mind when one thinks about taking registration under Gujarat VAT and CST Laws. Some of the queries and their answers are published as follows for the benefits of the readers: What is VAT / CST / TIN / Sales Tax ? Answer: VAT means Value Added Tax On Sales. CS...

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Category : VAT | Comments : 0 | Hits : 625

Supply to high seas vessel is liable to VAT if any territorial nexus exist in the State
Posted Date : 05-Dec-2015 , 03:14:24 pm | Posted By CA Bimal Jain

Supply to high seas vessel is liable to VAT if any territorial nexus exist in the State Raj Shipping Vs. State of Maharashtra [2015 (62) taxmann.com 309 (Bombay)] In the instant case, Raj Shipping (“the Petitioner”) was engaged in "Bunker Supplies" which mainly consisted ...

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Category : VAT | Comments : 0 | Hits : 309

No VAT on free supply of medicines - State Government isn’t competent to levy tax on the basis of Maximum retail price or any other notional value
Posted Date : 04-Dec-2015 , 04:33:53 pm | Posted By CA Bimal Jain

No VAT on free supply of medicines - State Government isn’t competent to levy tax on the basis of Maximum retail price or any other notional value Mapra Laboratories Pvt. Ltd. Vs. Commercial Tax Officer [(2015) 63 taxmann.com 91 (Patna)] Mapra Laboratories Pvt. Ltd. and others (“th...

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Category : VAT | Comments : 0 | Hits : 381

No VAT on brand franchisee fee without transfer of effective control over brand
Posted Date : 17-Nov-2015 , 01:04:21 pm | Posted By CA Bimal Jain

No VAT on brand franchisee fee without transfer of effective control over brand State of Karnataka, Bangalore Vs. United Breweries Ltd. [(2015) 63 taxmann.com 41 (Karnataka)] United Breweries Limited (“the Respondent”) being owner of Kingfisher Brand entered into contracts wit...

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Category : VAT | Comments : 0 | Hits : 416

Online service providers like 'Flipkart' facilitating sale and purchase of goods through online portals cannot be considered as dealer of goods - Not liable for VAT
Posted Date : 16-Nov-2015 , 07:01:23 pm | Posted By CA Bimal Jain

Online service providers like 'Flipkart' facilitating sale and purchase of goods through online portals cannot be considered as dealer of goods - Not liable for VAT Flipkart Internet (P.) Ltd. Vs. State of Kerala [(2015) 62 taxmann.com 387 (Kerala)] Flipkart Internet (P.) Ltd. (“...

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Category : VAT | Comments : 0 | Hits : 537

VAT not applicable on transfer of right to use of goods if effective possession and control of the goods are not transferred
Posted Date : 31-Jul-2015 , 06:45:04 pm | Posted By CA Bimal Jain

Dear Professional Colleague, VAT not applicable on transfer of right to use of goods if effective possession and control of the goods are not transferred We are sharing with you an important judgment of the Hon’ble High Court of Delhi, in the case of Hari Durga Travels Vs. Commissioner ...

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Category : VAT | Comments : 0 | Hits : 366

Interest on refund allowed even if law is silent
Posted Date : 29-Jun-2015 , 01:47:46 pm | Posted By CA Bimal Jain

Dear Professional Colleague, Interest on refund allowed even if law is silent We are sharing with you an important judgement of the Hon’ble High Court of Gujarat in the case of State of Gujarat Vs. Indian Petro Chemicals Ltd. [2015 (6) TMI 541 – Gujarat High Court] on following issues...

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IMPACT OF BUDGET PROPOSALS ON DELHI VALUE ADDED TAX PRESENTED ON 25-06-2015
Posted Date : 27-Jun-2015 , 06:51:59 pm | Posted By CA Vinod Kumar

IMPACT OF BUDGET PROPOSALS ON DELHI VALUE ADDED TAX PRESENTED ON 25-06-2015     Introduction:   Before I begin this article it is worth to quote from the budget speech of Mr. Manish Sisodia Finance Minister that “I have tried to strike a careful balance between the requireme...

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Category : VAT | Comments : 0 | Hits : 496

SC upholds levy of Sales tax on processing and supplying of photographs - reiterates power to levy tax retrospectively
Posted Date : 13-Feb-2015 , 02:16:31 pm | Posted By CA Bimal Jain

Dear Professional Colleague, SC upholds levy of Sales tax on processing and supplying of photographs - reiterates power to levy tax retrospectively We are sharing with you an important judgment of the Hon’ble Supreme Court, in the case of State of Karnataka Etc Vs. Pro LAB and Ors [2015-TIOL...

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Category : VAT | Comments : 0 | Hits : 329

User Manual for filing Form-9 for the year 2013-14
Posted Date : 05-Feb-2015 , 01:46:09 pm | Posted By Sanjay Arora

                                                Online Form-9 USER MANUAL FOR FILING FORM-9 FOR THE YEAR 2013-14: 1. The return is to be filed annually by the dealers who ...

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Category : VAT | Comments : 0 | Hits : 1686

Providing men and materials for laying concrete mixture is to be treated as Works Contract and not as Sale
Posted Date : 02-Feb-2015 , 12:23:48 pm | Posted By CA Bimal Jain

Dear Professional Colleague, Providing men and materials for laying concrete mixture is to be treated as ‘Works Contract’ and not as ‘Sale’ We are sharing with you an important judgment of Hon’ble High Court, Madras, in the case of Thirumalai Ready Mix Concrete Vs. St...

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Category : VAT | Comments : 0 | Hits : 131

Legislative history of filing stock statement as on 31st March of every year under DVAT Act, 2004
Posted Date : 01-Feb-2015 , 01:25:22 pm | Posted By CA Vinod Kumar

Legislative history of filing stock statement as on 31st March of every year under DVAT Act, 2004     INTRODUCTION: I shall begin my write-up with the wording of section 70 of DVAT Act which empowers Commissioner DVAT to issue notifications and prescribe various forms which are necessar...

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Category : VAT | Comments : 0 | Hits : 469

Official Liquidator is a dealer, liable to pay Sales tax: Supreme Court
Posted Date : 23-Jan-2015 , 12:44:58 pm | Posted By CA Bimal Jain

Dear Professional Colleague, Official Liquidator is a dealer, liable to pay Sales tax: Supreme Court We are sharing with you an important judgment of Hon’ble Supreme Court, in the case of Assistant Commissioner, Ernakulum Vs. Hindustan Urban Infrastructure Ltd And Ors [2015-TIOL-06-SC-CT] on...

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Category : VAT | Comments : 0 | Hits : 175

Sale of used cars is not subject to VAT under the Delhi Value Added Tax Act, 2004
Posted Date : 05-Jan-2015 , 05:14:54 pm | Posted By CA Bimal Jain

Dear Professional Colleague, “Sale of used cars is not subject to VAT under the Delhi Value Added Tax Act, 2004” We are sharing with you an important judgment of Hon’ble High Court, Delhi, in the case of Anand Decors and Others vs. Commissioner of Trade and Taxes, New Delhi [ST. ...

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Category : VAT | Comments : 0 | Hits : 807

Input Credit on Capital Goods under Delhi VAT
Posted Date : 03-Jan-2015 , 10:31:11 am | Posted By CA Vinod Kumar

INPUT CREDIT ON CAPITAL GOODS UNDER DELHI VALUE ADDED TAX   Tax Credit on Capital goods shall be available in the manner described under Section 9(9) of the DVAT Act, 2004 (hereinafter called the” ACT”)     Definition of Capital Goods: “Capital goods” means ...

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Category : VAT | Comments : 0 | Hits : 488

ગુજરાત વેટના નિયમોમાં થયેલ સુધારાઓ અંગે
Posted Date : 04-Nov-2014 , 11:18:22 am | Posted By Hardik Mehta

ગુજરાત વેટના  નિયમોમાં થયેલ સુધારાઓ અંગે (તા. ૧૫/૧૦/&#...

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Category : VAT | Comments : 0 | Hits : 1732

GVAT ITC Un-Reconciliation Profile of Vendors 10/07/2013
Posted Date : 12-Jul-2013 , 02:21:18 pm | Posted By NILESH H GAJJAR

Good Afternoon Friends,   GVAT Website had launched ITC Profile to Check your Purchaser(Vendor) had Tax Paid? / Return Filed? / Cancelled Dealer Status? / ITC Un-Reconciled? U/s. 11(7A)   This will make very critical for All Registered Dealers under GVAT before buying your goods from y...

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Category : VAT | Comments : 0 | Hits : 418

Recent Amendments / Changes in MVAT 2013
Posted Date : 12-Jun-2013 , 04:06:38 pm | Posted By PAWAN JAJOO

  Recent MVAT Amendments/Changes 2013         The Schedules A,B,C,D appended to Maharashtra Value Added Tax Act, 2002 are amended with effect from 01-04-2013. Further , certain notifications are also amended. These amendments are briefly disc...

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Category : VAT | Comments : 0 | Hits : 558

FAQs on compliance with Haryana VAT Act 2003 by a work contractor
Posted Date : 22-Feb-2013 , 11:37:51 am | Posted By Vinay Sharma

  FAQs on compliance with Haryana VAT Act 2003 by a work contractor 1.       What is work contract? As per section 2(zt) of HVAT Act, work contract includes any agreement for carrying out assembling, construction, building, altering, manufacturing, p...

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Category : VAT | Comments : 0 | Hits : 3801

VAT LAW
Posted Date : 19-Feb-2013 , 03:42:18 pm | Posted By Shyam

  DVAT   A.     Due Dates for Payment of Tax:- From:  5th December 2005.   Nature of Dealers Due Date for Deposit of Tax Tax period is ‘quarter’ or...

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Category : VAT | Comments : 0 | Hits : 275

Penalty u/s 51 of Punjab VAT Act whether just and reasonable?
Posted Date : 16-Feb-2013 , 10:11:29 pm | Posted By May I Help You.

Section 51(7)(c) of Punjab VAT Act, 2005 prescribes penalty equal to 50% of the value of goods for not producing requisite documents i.e (Invoice/Delivery challan, Goods Receipt etc.) at the check post or Information collection centre with a view to attempt or avoid or evade th...

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Category : VAT | Comments : 0 | Hits : 495

New Punjab VAT Number Registration Requirements
Posted Date : 11-Feb-2013 , 06:35:15 pm | Posted By Anjali Arora

-.Stamp Paper of Rs. 25/- (3 No.)   -.Punjab VAT & CST Surety Bond.   -.Affidavit attested by notary.   -.2 Sureties (within Punjab) or 2 Bank Guarntees for Rs. 50,000/-   -.Court fees stamp of Rs. 30/-   -.Copy of Resolution (i...

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Category : VAT | Comments : 0 | Hits : 2727

What is VAT?
Posted Date : 22-Jan-2013 , 07:27:28 pm | Posted By Suresh Tamang

VAT is a system of indirect Tax, which has been introduced in place of sales tax. VAT is paid by the producers-manufactures-retailers-dealers of the products. They add on their product/produce price and that is at last paid by the user of the goods/consumer. VAT is a fair and u...

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Category : VAT | Comments : 0 | Hits : 508

DVAT on set top boxes
Posted Date : 20-Dec-2012 , 12:42:59 pm | Posted By Roopak

  DVAT ON SET TOP BOXES.   Commissioner, VAT, Department of Trade and Taxes, Delhi has issued acircular CIRCULAR No 25 OF 2012-13dated 14-12-2012 clarifying the taxability of set top boxes under Delhi VAT Act, 2004. It has been me...

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Category : VAT | Comments : 0 | Hits : 329

Role of Chartered Accountant in VAT
Posted Date : 20-Dec-2012 , 12:26:03 pm | Posted By Vinay Sharma

Chartered Accountants have a key role to play in proper implementation of VAT. (i)  Record keeping  : VAT requires proper record keeping and accounting.  Systematic records of input credit and its proper utilisation is necessary for the success of VAT. Chartered Accounta...

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Category : VAT | Comments : 0 | Hits : 660

Illustrative Examples Regarding Calculation of CST
Posted Date : 16-Jun-2012 , 11:59:15 am | Posted By Vikash Kumar Jha

Illustrative Examples Regarding Calculation of CST Question– Total interstate sale for the Financial Year 2008-09 of JHA Ltd. is Rs. 1,50,70,000, which consists of the following: Sale upto 31-5-2008 – Rs 91,50,000 (If the goods are sold within the State, sales tax rate is ...

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Category : VAT | Comments : 0 | Hits : 8413

WHO PAYS SALES TAX IN INDIA ?
Posted Date : 13-May-2012 , 11:57:12 am | Posted By Surendra Kumar Dash

Sales Tax i.e. the Central Sales Tax (CST) is an indirect tax as it is recovered from the buyers/consumers as a part of the consideration for the sale of goods. However, for the purpose of CST, the actual payment of the Sales Tax is made by every dealer on the goods sold by him...

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Category : VAT | Comments : 0 | Hits : 978

SALES TAX IN INDIA
Posted Date : 12-May-2012 , 02:01:00 pm | Posted By Surendra Kumar Dash

Sales tax is levied on the sale of a commodity which is produced or imported and sold for the first time. If the product is sold subsequently without being processed further, it is exempt from sales tax.   Sales tax can be levied either by the Central or St...

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Category : VAT | Comments : 0 | Hits : 3637

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