VAT Act can't be used against Chartered Accountants, lawyers -Gujarat HC
Posted Date : 14-Nov-2018 , 09:04:12 am | Posted By CASANSAAR
A division bench of Justices AS Dave and Biren Vaishnav of Gujarat High Court has ruled that misconduct proceedings cannot be initiated against advocates, chartered accountants, and cost accountants under the Gujarat VAT Act. The bench also ruled that the respective professional bodies — Bar C...
Continue Reading...
Category :
VAT |
Comments :
0 | Hits : 685
|
 |
Fat Tax Introduced in Kerala: 14.5% to be Levied on Fast Food
Posted Date : 08-Jul-2016 , 10:46:58 pm | Posted By CASANSAAR
As a measure to tackle the increasing rate of obesity, Kerala is all set to introduce the first ever 'fat tax' to be levied on junk and fast food items. In his budget speech, Kerala's Minister of Finance proposed a tax of 14.5% to be levied on junk food including items like burgers, pizz...
Continue Reading...
Category :
VAT |
Comments :
0 | Hits : 884
|
|
VAT collection has crossed Rs 20,000 Cr : Delhi Govt
Posted Date : 26-Mar-2016 , 08:06:52 pm | Posted By CASANSAAR
Delhi government today said VAT collection in the ongoing financial year has crossed Rs 20,000 crore, close to its revised target of Rs 21,000 crore.
The government in its first Budget had set Rs 24,000 crore as the target but later, on the grounds of unsteady collection, it was toned down to Rs ...
Continue Reading...
Category :
VAT |
Comments :
0 | Hits : 584
|
|
E-commerce portals to file tax returns every quarter
Posted Date : 19-Jun-2015 , 08:18:06 am | Posted By CASANSAAR
In a first for the city, Delhi government's Value Added Tax department has decided to bring all big and small players on e-commerce platforms under the scanner to check evasion of tax.
A notification is under way to make it mandatory for all online portals like Flipkart and Snapdeal to file t...
Continue Reading...
Category :
VAT |
Comments :
0 | Hits : 1750
|
|
DVAT - Traders can carry forward input tax credit to next fiscal
Posted Date : 09-Mar-2015 , 07:50:21 am | Posted By CASANSAAR
The Delhi government provided a big relief to the city traders by allowing them to carry forward input tax credit to next financial year and extending the last date of submission of R-9 forms for last three years, up to June 30. The government's move comes with an aim to simplify business for t...
Continue Reading...
Category :
VAT |
Comments :
0 | Hits : 2381
|
|
Punjab govt raises VAT on diesel, cold drinks, cigarette
Posted Date : 04-Oct-2014 , 08:57:13 am | Posted By CASANSAAR
People will have to pay more for diesel, aerated drinks and cigarette in Punjab with SAD-BJP led state government raising value added tax (VAT) on these products.
In a notification issued on October 1, Punjab excise and taxation department has increased VAT rate on diesel (other than premium diesel...
Continue Reading...
Category :
VAT |
Comments :
0 | Hits : 443
|
|
Only Advocates can appear before VAT Authority - HC
Posted Date : 09-Aug-2014 , 01:43:35 pm | Posted By CASANSAAR
Honorable High Court Lucknow pass an interim orger against all Professionals except Advocates that only Advocate can appear before VAT Authority.
No person whosoever, may be permitted to advertise in the Newspaper or any leaflet, inviting assesses for the purpose of filing of return or arguing befo...
Continue Reading...
Category :
VAT |
Comments :
0 | Hits : 1958
|
|
Maharashtra takes steps to check sales tax evasion
Posted Date : 12-Mar-2014 , 10:21:09 pm | Posted By CASANSAAR
The Maharashtra Government proposes to check wide scale sales tax non compliance among traders dealing in goods either imported to the state or exported out of state to another.
As per the proposal the sales tax department has tied up withborder check posts to ele...
Continue Reading...
Category :
VAT |
Comments :
0 | Hits : 531
|
|
TN: Tax filing date extension lauded
Posted Date : 04-Nov-2013 , 09:05:05 am | Posted By CASANSAAR
The Tamil Nadu Chamber of Commerce and Industry has thanked the Minister for Commercial Taxes for extending the last date for filing the annual return in Form-WW under the TN VAT Act, to December 31 permanently.
This was applicable for dealers with annual turnover of more than Rs 1 Crore. I...
Continue Reading...
Category :
VAT |
Comments :
0 | Hits : 428
|
|
Punjab traders’ body opposes advance tax levy on commodities
Posted Date : 07-Oct-2013 , 08:36:14 am | Posted By CASANSAAR
A traders’ body here has said that the Punjab government’s decision to replace ‘entry tax’ leviable on certain commodities with ‘advance tax’ is “unviable” as it would make the state “in-conducive” for doing business and result into revenue...
Continue Reading...
Category :
VAT |
Comments :
0 | Hits : 338
|
|
Madras High Court upholds VAT provision on input tax
Posted Date : 21-Jul-2013 , 08:30:41 am | Posted By CASANSAAR
The Madras High Court has upheld certain provisions of the Tamil Nadu Value Added Tax (VAT) Act which were challenged by dealers of various products/goods.
The dealers were particularly aggrieved by a provision by which authorities sought to treat the discounts that the dealers had obtained...
Continue Reading...
Category :
VAT |
Comments :
0 | Hits : 372
|
|
Bombay HC upholds retro amendment to VAT law
Posted Date : 12-Jun-2013 , 08:03:08 am | Posted By CASANSAAR
The Bombay high court has upheld the constitutional validity of a retrospective amendment to the Maharashtra Value Added Tax Laws, which restricts the VAT incentives available to eligible industrial units, based on prescribed proportionality formula. With thisfavourable orde...
Continue Reading...
Category :
VAT |
Comments :
0 | Hits : 365
|
|
Punjab rolls out new industrial policy, offers tax incentives
Posted Date : 04-Jun-2013 , 08:27:57 am | Posted By CASANSAAR
In a bid to attract investments, the Punjab government today announced a new industrial policy, offering tax incentives for manufacturing, agriculture, food processing and IT and electronics hardware sectors, assuring faster clearance to the projects. The SAD-BJP led state government also annou...
Continue Reading...
Category :
VAT |
Comments :
0 | Hits : 640
|
|
Punjab govt to launch online VAT refund system
Posted Date : 23-Apr-2013 , 08:56:05 am | Posted By CASANSAAR
The Punjab government will launch an online VAT refund system for traders and industrialists, Deputy Chief Minister Sukhbir Singh Badal today said.
Speaking at a meeting with industry delegation from Ludhiana here, Badal asserted that the functioning of state excise and taxation department ...
Continue Reading...
Category :
VAT |
Comments :
0 | Hits : 358
|
|
Rs 2,300 Cr lost in sales tax, VAT
Posted Date : 04-Apr-2013 , 08:44:14 am | Posted By CASANSAAR
The CAG has pointed out serious deficiencies in tax collection by the state. The assessment of sales and value added taxes has shown irregularities in the exemption claims. These trouble spots have caused a loss of over Rs 2,300 crore to the exchequer in 2011-12.
The auditor also as...
Continue Reading...
Category :
VAT |
Comments :
0 | Hits : 403
|
|
Dry coconut is now ‘fresh fruit’ in Punjab, to attract no VAT
Posted Date : 26-Mar-2013 , 08:04:47 am | Posted By CASANSAAR
Days ahead of the ruling alliance MLAs heading to Goa for their chintan shivir comes a bonanza for coconut-lovers in Punjab. The feisty arguments of former BJP minister Manoranjan Kalia that dry coconut also be treated as a fruit not dry fruit led to Punjab Finance Minister Parminder Singh Dhindsa a...
Continue Reading...
Category :
VAT |
Comments :
0 | Hits : 384
|
|
Foreign tourists to get VAT refund on goods bought in Goa
Posted Date : 20-Mar-2013 , 08:45:10 am | Posted By CASANSAAR
Foreigners visiting Goa will now get refund of the Value added tax (VAT) on the goods they purchase in the state.
Chief Minister Manohar Parrikar, in a budget presented today, announced this scheme which aims at encouraging shopping by foreign tourists in the coastal state.
"The VAT wi...
Continue Reading...
Category :
VAT |
Comments :
0 | Hits : 379
|
|
Details of Share of States in Central Taxes
Posted Date : 08-Mar-2013 , 09:36:32 pm | Posted By CASANSAAR
As per accepted recommendations of 13th Finance Commission (FC-XIII), the States’ share has been fixed at 32% of the net proceeds of sharable Central Taxes for the period from 1.4.2010 to 31.03.2015, and accordingly, devolution is being made to the State Governments.
...
Continue Reading...
Category :
VAT |
Comments :
0 | Hits : 351
|
|
Delhi govt initiates drive to nab tax evaders, zeroes in on 60,000 businessmen
Posted Date : 07-Mar-2013 , 06:59:00 pm | Posted By CASANSAAR
The Delhi government has initiated one of the biggest crackdowns on tax evaders to claim hundreds of crores of unpaid taxes.The trade and taxes departmentof the state government has zeroed in on over 66,000 businessmen after discrepancies in their accounts showed up while analysing th...
Continue Reading...
Category :
VAT |
Comments :
0 | Hits : 489
|
|
Committee on CST recommends settling previous claims
Posted Date : 26-Feb-2013 , 08:56:10 pm | Posted By CASANSAAR
A committee has recommended that individual states' central sales tax (CST) compensation claims of earlier years be settled on case to case basis at the earliest to pave way for smooth rollout of GST.
"The Committee has recommended that all unsettled CST compensation cases of individual states of e...
Continue Reading...
Category :
VAT |
Comments :
0 | Hits : 343
|
|
Delhi government tightens noose on builders evading VAT on work contract
Posted Date : 26-Feb-2013 , 08:30:42 am | Posted By CASANSAAR
Builders and ancillary units in theconstruction industry evading VAT on 'work contract' need to watch their step as the trade and taxes department of the Delhi government is tightening its noose on defaulters .
The department's special zone is preparing a list of...
Continue Reading...
Category :
VAT |
Comments :
0 | Hits : 344
|
|
In Punjab, online VAT refunds from April 1
Posted Date : 14-Dec-2012 , 08:08:09 am | Posted By CASANSAAR
The Punjab government has decided to introduce online payment of VAT refunds from April 1, 2013 to bring transparency and expedite the process of refunds. A dedicated corpus of Rs 150 crore will also be created in the excise and taxation department to ensure hassle-free refunds, which will...
Continue Reading...
Category :
VAT |
Comments :
0 | Hits : 388
|
|
VAT on Maggi : Nestle moves HC
Posted Date : 29-Nov-2012 , 08:40:32 am | Posted By CASANSAAR
FMCG major Nestle India Ltd has moved the Gujarat high court questioning the decision of the state commercial tax department of levying value added tax (VAT) on sale of its noodles 'Maggi' in the state. The company has contended that levying VAT on its noodles is a deviation from an earlie...
Continue Reading...
Category :
VAT |
Comments :
0 | Hits : 924
|
|
Now a star rating system for tax paying units in Punjab
Posted Date : 05-Nov-2012 , 08:20:40 am | Posted By CASANSAAR
Deputy Chief Minister Sukhbir Singh Badal recently announced that the Excise and Taxation department will be introducing a star rating system for industrial units based on their track record of tax payment. Sukhbir explained the system to industries in the second edition of &lsqu...
Continue Reading...
Category :
VAT |
Comments :
0 | Hits : 385
|
|
Bombay High Court gives no relief to builders on VAT
Posted Date : 01-Nov-2012 , 08:40:54 am | Posted By CASANSAAR
The Bombay High Court today dismissed a bunch of petitions filed by builders against two circulars of the Maharashtra Sales Tax department which levied VAT on all property transactions between 2006 and 2010.
The division bench of Justices D Y Chandrachud and R G Ketkar upheld the circulars ...
Continue Reading...
Category :
VAT |
Comments :
0 | Hits : 457
|
|
Kotak Mahindra Bank to collect VAT in 4 States
Posted Date : 04-Oct-2012 , 07:43:46 am | Posted By CASANSAAR
Kotak Mahindra Bank has got the mandate to collect VAT (value-added tax) in four States, according to an executive.
Addressing presspersons here on Wednesday, Puneet Kapoor, Executive Vice-President, Consumer Banking, Kotak Mahindra Bank, said that in a recent development the Government has...
Continue Reading...
Category :
VAT |
Comments :
0 | Hits : 439
|
|
IT Platform to Integrate Central and State Indirect Taxes Regime
Posted Date : 06-Sep-2012 , 09:15:32 pm | Posted By CASANSAAR
The Government has approved a proposal to set up an IT platform to integrate Central and State indirect tax regime in the context of implementation of Goods and Services Tax (GST) in the context of implementation requires a strong IT Infrastructure and Service backbone to enable capture, processing ...
Continue Reading...
Category :
VAT |
Comments :
0 | Hits : 206
|
|
SC extends VAT deadline to Oct 15, relief for developers and buyers
Posted Date : 29-Aug-2012 , 07:49:14 am | Posted By CASANSAAR
The Supreme Court, on Tuesday, extended the deadline for registration of VAT till October 15. The Maharashtra sales tax department, in a recent circular, had directed builders to pay 5 per cent VAT by August 31 this year along with penalty on purchase of properties between June 20, 2006 and March 31...
Continue Reading...
Category :
VAT |
Comments :
0 | Hits : 582
|
|
Maharashtra to drop plan to impose 15% interest as penalty for VAT delay
Posted Date : 27-Aug-2012 , 07:29:43 am | Posted By CASANSAAR
Maharashtra finance minister Ajit Pawar has indicated that the state government will provide a waiver on 15% interest as penalty on value-added tax (VAT) levied on property transactions between 2006 and 2010, offering relief to thousands of harried home buyers. The fin...
Continue Reading...
Category :
VAT |
Comments :
0 | Hits : 415
|
|
ICSI: Practising Company Secretaries are recognised for appearance before the Delhi Value Added Tax (DVAT) Authorities
Posted Date : 05-Jul-2012 , 11:12:13 am | Posted By CASANSAAR
Dear Professional Colleagues,
Sub: Practising Company Secretaries are recognised for appearance before the Delhi Value Added Tax (DVAT) Authorities
We are pleased to inform you that the Government of Delhi has notified Delhi Value Added Tax (Second Amendment) Act, 2012 vide Notification No. F.14 ...
Continue Reading...
Category :
VAT |
Comments :
0 | Hits : 463
|
|
|
