VAT Articles

Stay of Demand Certain issues under RVAT Act 2003

PAWAN KUMAR KEDIA 07 July 2014 at 13:43

Brief: Whenever the assessing authorities creates a huge demand against any dealer, the dealer if aggrieved from the order of the assessing authorities prefer an appeal before the Dy. Commissioner Appe

Impact of Credit Notes on Tax Credit of Purchaser

Rakesh Garg 27 June 2014 at 13:06

Receipt of Credit Notes from the Seller Impact on Tax Credit of the Purchaser under the Delhi VAT Act[by Rakesh Garg, Author & Consultant]A. IntroductionDelhi, being the trading centre, issuance of credit notes in respect of discou

Complicacies in VAT on Works Contract

PAWAN KUMAR KEDIA 27 June 2014 at 12:54

VAT on Works Contract in Rajasthan and Complicacies in tax computation. IntroductionWorks contract is a contract for carrying out some work for a lump sum consideration. The transfer of property in the goods involved in the execution of the works c

Denial to grant Input tax credit on Flimsy Grounds

Jaswinder Singh Bedi 23 June 2014 at 12:05

Denial to grant Input tax credit on Flimsy Grounds by the VAT Authorities without following the settled law laid down by Honble Supreme Court of India and by the High Courts Every Registered Dealer is the agent of Department of Excise & Ta

Refund to Cement Dealers vis-a-vis impact of after sales discount on Revenue Collection

PAWAN KUMAR KEDIA 19 June 2014 at 12:28

ITC Refund to Cement Dealers vis-a-vis impact of after sales discount on Revenue Collection.Introduction: Generally Cement Companies announces after sales discounts called ex post facto discount by way of credit notes to cement dealers. As a result

Disallowance of input tax credit on the ground that seller is bogus or cancelled dealer- Part II

Amit Bajaj 18 June 2014 at 12:09

Another situation which in many of the cases under the Punjab VAT, which dealers are facing is the disallowance of input tax credit on the ground that the registration of seller of the goods has been cancelled or normally it is stated in the assessme

Reversal of Input tax credit on sale of by products

Jaswinder Singh Bedi 13 June 2014 at 16:57

Reversal of Input tax credit on sale of bye products amounts to double taxation and also exceeds the outer limit of taxability prescribed under the Act Specially in Sheller Trade which is clear cut violation of Article 286 of the Constitution of Indi

Disallowance of input tax credit on the ground that seller is bogus or cancelled dealer

Amit Bajaj 11 June 2014 at 11:29

The system of VAT was introduced in the sales tax law to bring more transparency, efficiency, to remove tax cascading etc. The difficulties which may arise in any system comes to picture only when the system is practically implemented. One of the ma

Karniti Part-40: State Budget: Relief in MVAT up to Rs. 10 Lakh but No relief for refund & LBT

CA Umesh Sharma 10 June 2014 at 12:05

Arjuna (Fictional Character): Krishna, on 5th June 2014, Deputy Chief Minister and Finance Minister of Maharashtra State presented the finance budget for the year 2014-1

Karniti Part-38: Make Changes in MVAT, to please businessmen Voters

CA Umesh Sharma 29 May 2014 at 16:58

Arjuna (Fictional Character): Krishna, recently voters expressed their strong willingness for change and changed Central Government. Voters and Taxpayers have many expectations from the elected Govern